Activist investor rounds on new Peloton chief for lack of reform April 13, 2022 The activist investor that moved to oust former Peloton boss John Foley has now rounded on its new chief, claiming he has failed to reform the company’s governance and has not made a credible case for it to remain independent.
London lender Capital on Tap gets $200m backing for US push April 13, 2022 Small business lender Capital on Tap has bagged a $200m funding facility from HSBC and Värde Partners as it eyes a US growth spurt.
BlackRock profits soar as funds notch $114bn inflows April 13, 2022 Asset management giant BlackRock sailed past profit estimates today after investors poured cash into its index and active traded funds in the first three months of the year.
Plus500 rolls out $50m buyback programme after bumper results April 13, 2022 Fintech trading firm Plus500 has unveiled a $50m share buyback today after reporting bumper revenues for the first quarter of the year yesterday.
City investors pocket £36m: Wesleyan fund issues its largest-ever bonus as pandemic recovery kicks in April 13, 2022 Wesleyan, a specialist financial mutual for doctors, dentists and teachers, told City A.M. this morning it has distributed its largest ever bonus. The announcement came as it published its financial results for 2021. The society said it retained its financial strength over the year meaning it was in a position to distribute the mutual bonus of [...]
Musk sued for not making Twitter stake increase public April 13, 2022 Elon Musk is being sued because he didn’t make public he had bought a major stake in Twitter. The Tesla and SpaceX billionaire, who recently became the largest shareholder in the social media giant, is facing action from investors in a New York federal court. This comes after Musk bought 9.2 per cent in Twitter [...]
London fintech Stenn bags $50m as it looks to fill funding gap for trade SMEs April 12, 2022 A London based financing fintech has bagged a $50m injection today as it looks to fill a funding gap for smaller trade-focused firms.
AXA IM bets big on metaverse with launch of dedicated fund April 12, 2022 AXA Investment Managers (AXA IM) has launched a metaverse fund to invest in companies exploring virtual reality.
Terrible Tuesday for Rolls-Royce as shares plunge after JP Morgan downgrades firm and slashes target price April 12, 2022 Shares in engineering giant Rolls-Royce tanked this morning after bankers at JP Morgan downgraded the stock to ‘underweight’ and slashed its target price.
London Stock Exchange Group shares tumble as broker raises questions over revenue growth April 12, 2022 Shares in the London Stock Exchange Group have plunged this morning as a top broker raised questions over the firm’s long term revenue growth.