City watchdog prepares to clampdown on ‘high risk’ investments as consultation closes March 23, 2022 City watchdog the FCA has closed a consultation on the promotion of so-called high-risk investments today as it looks to clampdown on the misleading marketing of a range of alternative asset classes.
US activist pushes TP ICAP to sell after “disastrous” slide in share price March 23, 2022 A US activist investor is pushing the board of UK brokerage and trading giant TP ICAP to sell the firm after what it describes as a “disastrous” decline in its share price.
Apple snaps up Credit Kudos in open banking push March 23, 2022 Tech giant Apple has snapped up UK open banking startup Credit Kudos as it ramps up its push into payments.
Will the world economy avoid an inflationary bust? March 23, 2022 | City Talk Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances. Memories of the 1970s were evoked as the price of Brent crude oil temporarily climbed above $139 a barrel in the wake of Russia’s invasion of Ukraine. That was a period [...]
What’s behind market volatility in China? March 23, 2022 | City Talk It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
London shunned for IPOs as firms head abroad March 23, 2022 London is headed for its weakest quarter for IPOs in thirteen years as market turbulence gives investors the jitters and UK firms shun the capital following a series of high profile flops.
London Metal Exchange says it has no plans to shut out Russian metals March 22, 2022 The London Metal Exchange said it has no plans to block trading metals from Russian producers despite pressure to clampdown.
London fintech Jeeves gets Tencent backing in $180m funding round March 22, 2022 London corporate card fintech Jeeves has won the backing of Chinese tech giant Tencent in a fresh $180m funding round announced today.
Prologis launches bid to snap up Blackstone’s €21bn warehouse portfolio March 22, 2022 The world’s biggest warehouse owner Prologis has made a bid to snap up the warehouse portfolio of investment giant Blackstone, as firms scramble to secure logistics capacity and investment continues to pour into the space.
Six strategies for your retirement income March 22, 2022 | City Talk What surprises me most about my wife’s catering business is how much food is usually left over. I often ask: ‘Is there a better way to manage food costs?’. Her answer is always the same: ‘Better to have food left over than fall short.’ She has the exceptional ability to estimate how much each person [...]