Darktrace hikes profit margin forecast on bumper customer growth July 19, 2022 Cybersecurity giant Darktrace hiked its full-year profit margin forecast to 19.5 per cent today as it said it expected a surge in revenues to $417m for the year to June.
Exclusive: UK fintech funding bucks global slowdown to hit £7.6bn July 19, 2022 Investment into the UK’s fintech sector has jumped ahead of 2021 levels this year despite recessionary fears beginning to drag on funding in the second quarter, new figures have revealed.
Watchdog told of 650 covid breaches by senior City staff July 19, 2022 The UK’s top financial watchdog was notified of nearly 650 covid breaches by the City’s top brass during the pandemic as well as over 100 counts of bullying and racism, new figures have revealed.
Stricter ESG rules needed to stamp out greenwashing, City minister warns July 18, 2022 Sustainable investing needs stricter standards in place or greenwashing will continue to rise, the newly appointed City minister warned today.
What a new world order might mean for the global economy July 18, 2022 | City Talk Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]
Rising star Dufrain gets City vote of confidence as private equity investor PEP checks in with fresh cash July 18, 2022 Data management and analytics firm Dufrain confirmed this morning it has agreed fresh funding from Phoenix Equity Partners, a private equity investor in medium-sized UK companies. The cash will be used to fuel the next stage of its growth as part of a management buyout, the firm said. Dufrain has so far delivered year-on-year revenue [...]
Deliveroo slashes sales forecast as cost of living bites July 18, 2022 Deliveroo slashed its sales forecasts today as it predicted the rising cost of living would lead to a slowdown in consumer spending this year.
Euromoney agrees to £1.6bn takeover deal July 18, 2022 Bosses at financial publishing firm Euromoney announced that they had agreed to a £1.66bn takeover deal today from a consortium of investors led by Becketts Bidco today, setting in motion the likely breakup of the group.
Exclusive: Pensions minister launches taskforce to scrutinise ‘social’ ESG investment July 16, 2022 Ministers have launched a new taskforce to scrutinise environmental, social and governance (ESG) investing by pension schemes today, amid concerns that the 'social’ factor of investment has been neglected by fund managers in recent years.
Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market July 14, 2022 Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset management market, according to reports today.