London Stock Exchange announces partnership with fintech Floww in private market push March 15, 2022 London Stock Exchange Group (LSEG) has revealed a cash injection into investment platform Floww today, as it looks to become the first global exchange to straddle both public and private markets .
ClientEarth launches legal action against Shell over net zero failings March 15, 2022 Shareholder activism group Climate Earth launched legal action against energy giant Shell yesterday for its failure to properly prepare for the net zero transition.
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Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
Old Mutual: South African savings firm reports subdued growth after pandemic woes March 15, 2022 South African-based investment group Old Mutual experienced subdued growth in 2021 as the country’s economy bounced back from the pandemic. The company’s CEO announced its gross flow increased four per cent to R194.8bn (£9.8m) following a spike in sales over the course of last year. The pandemic however led to it paying out hundreds of [...]
Bumper year for start-up backers as exit value hits £26.7bn March 14, 2022 Investors in UK start-ups saw a bumper year of exits last year with total value topping a record £26.7bn, as smaller firms roared back into growth mode after a pandemic slowdown, according to fresh data.
Gold and silver tumble as central banks ready interest rate hikes March 14, 2022 Gold and silver prices slipped this morning as looming interest rate hikes and growing optimism of a ceasefire led investors to flee safe haven assets.
Top finance firms call for transparency on environmental performance March 14, 2022 A group of the world’s top financial firms with more than $130tn in assets have called on businesses to reveal data on their environmental performance, as global governments prepare to push for more transparency on sustainability.
Seizing companies’ assets would take Russia back to Bolshevik revolution, Putin ally says March 12, 2022 Russian mining billionaire Vladimir Potanin has warned Putin against seizing control of assets owned by the foreign firms that have exited Russia, after arguing that doing so would drag Russia back to the time of the Bolshevik revolution. Multi-billionaire mining magnate Potanin, who in 2018 appeared on the US Treasury’s list of 210 individuals with [...]
Berkshire Hathaway says shareholders should vote against plans to replace Warren Buffett as chairman March 12, 2022 Berkshire Hathaway has called on shareholders to vote against plans to replace Warren Buffet as chairman of the Omaha headquartered investment company. The Board of Berkshire Hathaway said shareholders should vote down a proposal, put forward by Pennsylvania investment firm Federated Hermes, to separate the positions of Chairman and CEO within the firm. The move [...]