Regulatory ‘call-in’ powers must not be politicised, City chiefs warn October 19, 2022 Powers allowing ministers to intervene in regulatory matters must not be “politicised” and should only be used “in extremis”, City chiefs have warned today.
Quilter assets slide as volatility shakes markets October 19, 2022 Shares in wealth manager Quilter dived this morning as the FTSE 250 firm revealed its assets under management tumbled to £96.9bn in the three months to the end of September.
Liontrust sheds £1.6bn in three months as investors flee volatility October 19, 2022 Asset manager Liontrust said more than £1.6bn had been pulled from its funds in the past three months as investors continue to pull back from the markets and shield their cash from volatility.
Revolut launches Homes feature to take on Airbnb October 19, 2022 Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb.
Man Group hit by soaring dollar as assets slide 2 per cent October 19, 2022 Man Group revealed investors had been scrambling to withdraw their cash in the past quarter as its assets under management slid to $138.4bn amid a crash in sterling and market volatility. The investment management group said that the value of its assets under management tumbled 2.7 per from $142.3bn in June in what was a [...]
Four venture trusts bag £45m in start-up vote of confidence October 18, 2022 Four venture capital trusts have bagged £45m from investors in just 24 hours in a vote of confidence for the vehicles after ministers reversed a decision to wind them down.
FinnCap shares surge as Panmure Gordon eyes takeover October 18, 2022 Shares in London brokerage FinnCap surged over 30 per cent this morning as it confirmed that City rival Panmure Gordon was eyeing a takeover swoop for the firm.
New breed of private capital firms will face performance headwinds October 18, 2022 | City Talk Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
Wise hikes guidance as customers shift £27bn across borders October 18, 2022 Money transfer firm Wise has hiked its guidance for the year after a surge in cross border transactions boosted profits in the second quarter of the year.
Investment fraud soars to nearly £1bn as criminals increasingly exploit social media October 17, 2022 Almost £900m has been lost to investment fraud in the past year, as police warn about the rise in the use of social media for bogus schemes. The lure of so-called ‘get rich quick’ initiatives have become “rife” during the cost of living crisis, as millions look for fix to their finanical woes. In a [...]