UK Infrastructure Bank kicks off with £5bn war chest as first loan investments are handed out July 1, 2022 The National Audit Office (NAO) revealed this morning that the new UK Infrastructure Bank has a pipeline of future deals worth £5bn. A report by the NAO said the state-owned bank, which was set up last June to support economic growth in regional sectors across the UK, has already started handing out investment despite some [...]
‘ESG inflation’ running rampant, FCA director warns June 30, 2022 The ESG chief of the UK’s top financial watchdog said that “ESG inflation” was running rampant today as the regulator looks to clamp down on the use of the label in investment data and ratings.
Dealmakers ready to reignite M&A push this year, survey finds June 30, 2022 Dealmakers have signalled they are ready to shake off market jitters and restart a deals push in the next 12 months, after rampant inflation put a stop to last year’s deals frenzy, a new survey has found.
Chrysalis shares plunge amid tech sell-off frenzy June 30, 2022 Asset manager Chrysalis saw its share price plunge in the first half of the year after its tech heavy portfolio was battered by soaring inflation and a sharp fall in valuations.
UK financial services roars back after pandemic slowdown June 30, 2022 The UK’s financial and professional services sector roared back to growth last year after a pandemic induced contraction in 2020, a new report has revealed.
BNPL firm Zilch bags $50m as boss predicts looming crisis for ‘checkout button’ rivals June 30, 2022 The boss of buy-now pay-later firm Zilch criticised the business model of ‘checkout button’ rivals today and said they would be rocked by an economic slowdown this year, as the London fintech revealed a $50m funding injection to fuel its expansion.
FCA throws weight behind ESG regulation June 29, 2022 The UK’s top financial watchdog has thrown its weight behind the regulation of environmental, social and governance (ESG) ratings today, saying there is a “clear rationale” to bring them within its remit.
AIM IPOs fall to lowest level since 2009 with just one in Q2 2022 June 29, 2022 The UK’s Alternative Investment Market had the lowest number of IPOs since 2009 in 2022’s second quarter. Only one company floated in Q2 and raised £6m, research by accountancy group UHY Hacker Young found. The last quarter to experience IPO activity this low was the first quarter of 2009, following the start of the financial crisis, [...]
Are we heading for a global recession? June 29, 2022 | City Talk Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 | City Talk In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]