BlackRock to wind down support for ‘prescriptive’ climate resolutions May 12, 2022 BlackRock is planning to decrease its support for shareholder climate resolutions this AGM season over concerns that many of those tabled are “too prescriptive”.
Exclusive: Moneybox sails past crowdfunding target as it readies crypto push May 11, 2022 London wealth management fintech Moneybox sailed past funding targets today as it bagged £4.9m crowdfunding to fuel its expansion into crypto and individual stock trading.
CMA fires warning shot at cost of living cartelists May 11, 2022 Cartelists that treat the cost of living crunch as an excuse for anti-competitive collusion will face the firm hand of the regulator, the UK’s competition watchdog warned today.
CVC pulls back from IPO as turbulence hits May 11, 2022 Buyout giant CVC Capital has pushed back a planned move onto the public markets this year as market turmoil continues to take its toll on IPO activity.
US oil giant Chevron backs London cleantech firm in $150m funding round May 11, 2022 US oil giant Chevron has thrown its weight behind London cleantech firm Carbon Clean today in a $150m funding injection - the largest ever equity round for a ‘point of emission’ carbon capture company.
Tiger Global nursing $17bn losses after global tech rout May 10, 2022 Prolific tech investor Tiger Global is nursing losses of $17bn this year after a rout in global tech stocks, fresh data has revealed.
Yapily snaps up German open banking firm as it ‘builds the muscles’ for global push May 10, 2022 London fintech Yapily has snapped up German open banking firm finAPI today as it “builds the muscles” for a push into a swathe of new global markets.
Payments firm Paddle bags ‘unicorn’ status with $200m funding boost May 10, 2022 London fintech firm Paddle has bagged a $200m funding injection today at a valuation of $1.4bn, making it the latest UK firm to achieve so-called ‘unicorn’ status with a value of more than $1bn.
Investors fled equities in April in worst month of flows since March 2020 May 9, 2022 Global exchange traded products notched their worst month of flows since March 2020 in April as investor jitters spread amid soaring inflation and the continued turbulence of war in Ukraine.
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]