Cohn-backed SPAC readies to take European lottery operator public January 23, 2022 A SPAC backed by former Goldman Sachs president and Trump adviser Gary Cohn is readying to take a European lottery group public in a $9.3bn listing.
Forbes 30 under 30 data shows London is the best city in the world to be a young entrepreneur January 23, 2022 Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named as the best city in the world to be a young entrepreneur. Despite North America being by far the most popular in providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs [...]
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City A.M. this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
Financial services litigation in 2022: Push payments, crypto fraud, ESG and a jump in interest rates January 22, 2022 Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud. Authorised push payment fraud involves fraudsters duping consumers [...]
UK home to around 80 ‘Isa’ millionaires who sit on an average pot of £2m-plus January 21, 2022 New HM Revenue and Customs figures show that the UK has around 2,000 “Isa millionaires”, sitting on pots worth an average £1,412,000. And about 80 pots were valued at £2m-plus. Within the total, around 60 investors hold pots amounting to more than £3 million, according to the data obtained by InvestingReviews.co.uk. InvestingReviews.co.uk released the figures [...]
ESG shoots up private equity agenda despite dealmakers failing to see financial value January 21, 2022 Sustainability has shot up private equity firms’ decision-making agenda despite a majority of dealmakers not considering it to deliver significant financial value.
Exclusive: Most investors could not care less about ESG and sustainability January 20, 2022 With COP26 a few months behind us, more than half of UK investors admit sustainable investing is not a priority for them, with just under 45 per cent saying it is important and it is a priority in their investment portfolio. In fact, less than a third of British investors say COP26 and the UK [...]
Exclusive: ‘Keep a cool head in hairy markets but avoid being an ostrich’, says City grandee and fund chief Andrew Bell January 20, 2022 Witan Investment Trust is a well-know name in the City’s investment space. It can trace its history back to 1909 when it was set up to manage the investment affairs of Sir Alexander Henderson, who later became the first Lord Faringdon. Today it holds over £2.2bn on behalf of more than 28,000 shareholders, using a [...]
Terry Smith rounds again on Unilever and labels failed GSK bids a ‘near death experience’ January 20, 2022 Terry Smith has launched a fresh attack on Unilever’s management as he labelled the failed bid for GSK’s consumer arm a “near death experience”.
Network International revenues jump as Dubai bounces back from pandemic January 20, 2022 Digital payments giant Network International reported a jump in revenues in the past year driven by record levels of customer growth.