Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.
UK fintech investment tumbles as inflation rocks markets September 12, 2022 UK fintech investment plunged in the first half of 2022 as war in Ukraine and soaring inflation brought last year’s funding frenzy to a sharp close, new figures have revealed today.
European equity products weather second-highest month of outflows ever September 8, 2022 European equity products weathered their second-highest month of outflows on record in August as investors continued to flee markets in the face of continued volatility.
Truss believes City is ‘growth engine’ of the economy, says former minister September 8, 2022 Liz Truss believes the City is the “best growth engine in the UK” and is preparing to lean on the financial sector to achieve her political agenda, a former minister said today.
Fund exodus slows as UK retail investors pull £129m in July September 7, 2022 An exodus of UK retail investors slowed in July as just £129m was pulled out of funds by cautious punters, a sharp decrease from £4.5bn in June, according to new industry figures.
GB Group shares surge as it confirms takeover interest September 7, 2022 Shares in software firm GB Group surged today as it confirmed a potential takeover swoop from US private equity firm GTCR, making it the latest British tech firm to fall into the sights of a foreign buyer.
FCA issues warning over influencers peddling online trading services September 7, 2022 The UK’s financial watchdog has warned Brits against the dangers of unregulated financial advice today amid fears that social media influencers are peddling crypto and forex trading as a way out of a cost of living crunch.
Top Cineworld shareholder dumps stake as firm faces bankruptcy September 1, 2022 A major shareholder in Cineworld has shed almost the entirety of his stake in the past two days as the beleaguered cinema chain teeters on the edge of bankruptcy.
Barclays pulls back from Africa with £538m Absa sale September 1, 2022 British lender Barclays announced it had shed its remaining 7.4 per cent stake in South African bank Absa today as it dramatically pulls back its presence in Africa. Bosses at Barclays said this morning the sale would earn Barclays around £538m, representing around a £31m loss on its investment. The sale followed an announcement from [...]
SoftBank executive steps back from key roles after record losses August 31, 2022 SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.