S&P Global withdraws all ratings on Russian entities as US giant shuts down operations in Moscow March 22, 2022 US credit rating giant S&P Global Ratings said earlier this morning it will suspend all of its commercial operations in Russia. The company said that following the sanctions announced by the EU on March 15, which included a ban on providing credit ratings to legal persons, entities, or bodies established in Russia, it decided to [...]
London-based fintech for farmers bags funding injection March 22, 2022 A London-based fintech for farmers has bagged £12m funding today as it looks to accelerate the roll out of its livestock data platform into the US and Australia.
London-listed Pantheon Infrastructure pumps £36m into logistics firm in maiden investment March 21, 2022 London-listed investment vehicle Pantheon Infrastructure has announced its maiden investment today with €43m (£36m) pumped into a European transport and logistics firm.
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
Capital punishment: private sector sanctions in Russia March 21, 2022 | City Talk The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]
SPAC snaps up Ondo to make it first public ‘insurtech’ firm in London March 21, 2022 Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.
‘Take private’ deal value surges to £29.3bn amid dealmaking frenzy March 21, 2022 The value of listed UK companies snapped up by private equity firms has surged to £29.3bn in the last 12 months amid a UK dealmaking boom, new research has revealed.
Are UK venture capital firms missing out on an African tech boom? March 21, 2022 Are UK VCs missing out on a new generation of African tech firms with huge growth potential?
CityFibre to get £300m investment from Abu Dhabi sovereign fund for broadband infrastructure rollout March 20, 2022 One of the UAE’s biggest sovereign funds is set to plough a further £300m into the UK’s biggest fibre optic broadband company. The Abu Dhabi government’s Mubadala investment fund, which controls $243bn (£184bn) worth of assets, will give London headquartered fibre optic company CityFibre an extra £300m, after investing £500m in the firm last September, [...]
Soaring inflation is UK’s main financial concern March 20, 2022 Soaring inflation is the top financial concern for UK adults, in both the long and short term, according to new research from M&G Wealth. A quarter (25 per cent) of UK adults cited soaring inflation as their main financial concern over the coming year, according to a survey of 2,000 people. A further 18 per [...]