Sky piles into new £100m climate tech fund June 13, 2022 Media giant Sky will anchor a new £100m venture capital fund looking to pump cash into early-stage ‘climate tech’ firms, the firm announced today.
FCA shifts Credit Suisse onto financial watchlist after string of scandals June 13, 2022 The UK’s top financial watchdog has moved embattled lender Credit Suisse onto a watchlist of institutions in need stricter supervisions, after the bank has been hit by a string of scandals in the past 18 months.
Ministers unveil new digital strategy to boost UK tech sector June 13, 2022 Ministers have today unveiled plans to boost the UK’s tech sector and spur investment into the digital economy in a bid to cement the country “as a global tech superpower”.
Molten Ventures poised to slash investment by half after profits jump to £301m June 13, 2022 London-listed venture capital firm Molten Ventures reported a surge in the value of its portfolio in the last 12 months but warned today it was braced for a slowdown in the year ahead as inflation begins to bite.
London retains crown as Europe’s top city for foreign financial services investment June 13, 2022 London has retained its crown as Europe’s most attractive city for foreign financial services investment as investors shrug off Brexit concerns and continue to pump cash into the capital, a new survey has revealed.
UK tech investment hits £12.4bn as private firms buck volatility June 12, 2022 The amount of cash pumped into British tech firms surged beyond that of China in the first five months of the year as private British tech firms bucked the volatility that has rocked publicly listed tech stocks.
HSBC could be in line for £22bn boost from break-up, researchers claim June 12, 2022 HSBC is missing out on £22bn of shareholder returns by not spinning off its Asian operation as a separate business, according to new research commissioned by the major investor pushing for a breakup of the bank.
Klarna boss questions Apple competitive practices after buy-now pay-later move June 12, 2022 The boss of fintech giant Klarna has questioned the competitive practices of Apple after the tech behemoth announced it would push into the buy-now pay-later space this week.
Weekend read: The SPAC bubble is bursting, argues Syz Bank’s investment chief June 11, 2022 With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception. As a reminder, a SPAC, or Special Purpose Acquisition Company, is a company with no operational activity – an empty shell – that raises funds on the stock market with the sole objective of making an acquisition or acquisitions. [...]
Terry Smith’s buy-and-hold investment fund ditches stake in Starbucks June 10, 2022 Terry Smith’s flagship investment fund has ditched its stake in Starbucks, after the firm picked up a stake in the Seattle firm after its share price dropped at the start of the pandemic. The buy-and-hold investment fund, started by the star fund manager nicknamed “the English Warren Buffett,” has now sold off its stake [...]