Savings rates still too low to tempt regular investors to move more money into cash July 8, 2022 Regular UK investors believe savings rates are still not high enough to tempt them to move more money into cash. Just 35% say they have put more of their investments into cash accounts since the Bank of England started hiking the base rate in December last year with five increases taking it from 0.1% to [...]
HSBC responsible investment chief quits over climate comments controversy July 7, 2022 The global head of responsible investing at HSBC Asset Management revealed he had resigned today after sparking a furore in May with a speech that played down the risk of climate change and slammed “shrill, partisan” climate warnings.
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Former Skyscanner chief becomes Scotland’s very first chief entrepreneur officer July 7, 2022 Mark Logan, a former Skyscanner chief operating officer, has been appointed as Scotland’s first chief entrepreneurial officer. The two-year post will mean Mr Logan will be a senior adviser to the start-up nation programme, which was set up to deliver the entrepreneurial recommendations in the Government’s recent 10-year economic strategy. The appointment was announced by [...]
Fund managers call for FCA blockchain taskforce in plans for ‘Investment Fund 3.0’ July 7, 2022 The UK’s top investment body called on government and regulators to harness the benefit of cryptocurrencies and decentralised finance today, as it claimed the industry was on the cusp of a “major technological transformation”.
Legal & General notches ‘double digit’ cash and capital growth in 2022 July 7, 2022 Mortgage and pension provider Legal & General said today it has seen “double digit” growth in cash and capital generation for the first half of the year, after a strong performance across its divisions.
Peel Hunt revenues slump to £22.8m as IPO slowdown hits July 7, 2022 Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in the three months to the end of June.
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.
FCA warns Brits to seek help as soon as possible over financial troubles July 6, 2022 The financial regulator has urged Brits to seek help as soon as possible if they are facing financial difficulties amid the spiralling cost of household bills. Research has suggested that many borrowers are missing out on available support, the Financial Conduct Authority (FCA) said on Wednesday. Half of those borrowers in financial difficulty who waited [...]
Chairman of abrdn’s Chinese investment vehicle blames ‘zero-Covid-19’ policy for collapsing returns July 6, 2022 The chairman of abrdn’s Chinese investment vehicle has pinned collapsing returns on Beijing’s controversial ‘zero-Covid-19’ stance and geopolitical woes. While the country is still considered to have significant growth prospects in the long-term, returns on assets in the country have plunged 23 per cent in the six months to 30 April, reversing a nearly 19 [...]