Barclays sells off half of Absa stake for £526m April 21, 2022 Barclays announced today it has sold off a major chunk of its remaining stake in South African banking group Absa for £526m as it continues to shed its holdings in the firm.
London VC firm unveils $20m fund to back student ‘deeptech’ innovation April 21, 2022 A London-based venture capital firm has unveiled a new $20m fund today to pump into so-called ‘deeptech’ projects emerging from universities across the UK and Europe.
Investment platform AJ Bell has a boost in customers by a fifth April 21, 2022 Investment platform AJ Bell increased its number of customers by a fifth last year with an income of more than £1.5bn over the last three months. The company had an increase in the amount of assets under its guise to almost £75bn, which is an increase of nearly 15 per cent on the previous year, [...]
Funding Circle founder gets $30m injection for new Super Payments firm April 20, 2022 The founder of fintech lender Funding Circle has bagged $30m backing for a new payments startup aiming to take on behemoths like Visa and Mastercard.
Petershill Partners tops estimates in maiden results April 20, 2022 Investment outfit Petershill Partners sailed past estimates in its maiden set of results today as profits after tax hit $248m.
Quilter assets slide as Ukraine crisis hits investor confidence April 20, 2022 Wealth manager Quilter reported a dip in assets under management in the past three months as investor jitters spread in the wake of Russia’s invasion of Ukraine.
Buyout giants rule out backing Musk bid as takeover interest heats up April 20, 2022 A host of buyout giants have ruled themselves out of backing Elon Musk’s hostile takeover of twitter over concerns the tech giant cannot boost its profitability.
Apollo chief warns peers ‘ignore blockchain at your peril’ April 19, 2022 The billionaire chief of investment giant Apollo has warned the private equity industry to ignore “blockchain at [its] peril” after the firm has thrown its weight behind the technology in recent months.
African startups get record funding as analysts warn UK investors are missing out April 19, 2022 African startups received record funding last year as international venture capital poured into the continent’s booming tech sector - but analysts have warned UK investors are not pulling their weight.
Putin stamps out foreign listings for Russian firms April 19, 2022 Russia is set to stamp out foreign listings for homegrown firms as Putin looks to close ranks in the wake of the invasion of Ukraine.