End of EU research funding will choke off UK deeptech, top professor warns May 27, 2022 An end to European research funding for UK universities could choke off a stream of so-called deeptech startups from attracting investment and making it to market, an expert has told City A.M.
Vanguard doubles down on fossil fuel investment May 26, 2022 Asset management giant Vanguard will continue investing in fossil fuels firms despite its commitment to hit net zero across its portfolio by 2050, its boss has revealed.
Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
European chemical companies could take a hit as valuations decline amid soaring commodity prices May 25, 2022 Investment guidance for European chemicals companies is too optimistic, warned financial services group Morningstar.
Asset managers brace for plunge after global AuM jumps to $112tn May 25, 2022 Asset managers are braced for a plunge in the value of assets this year after notching bumper returns in 2021 that pushed the total value of managed assets to $112tn globally, new data has revealed.
Andreessen Horowitz looks to buck crypto crash with new $4.5bn fund May 25, 2022 US venture capital giant Andreesen Horowitz is looking to buck the crypto crash with a new $4.5bn fund that will pump cash into crypto and so-called ‘web3’ startups.
Legal & General Capital announces $500m investment into US laboratory firm May 25, 2022 Asset manager Legal & General Capital (LGC) has unveiled its first stateside investment today with a $500m cash injection to spur the development of lab facilities across the US.
JPMorgan braced for more than $1bn losses on digital retail bank Chase May 24, 2022 Wall Street giant JPMorgan said it is braced for more than $1bn losses as it grows its digital bank Chase over the next few years, with the retail lender passing the 500,000 customer mark in the UK today.