Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off July 17, 2024 The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.
‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans July 17, 2024 Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Legal and General rows in behind Reeves’ housebuilding drive with £125m fund July 15, 2024 Legal & General has thrown its weight behind the government’s house building push today with a pledge to inject at least £125m of pension cash into affordable housing.
Natwest: UK government’s stake drops below 20 per cent as privatisation plan accelerates July 15, 2024 The government has offloaded another chunk of its stake in Natwest today and taken its holding in the company below 20 per cent for the first time since the financial crisis.
Investment platforms urge ‘radical’ ISA reform to unlock £30bn in UK market July 15, 2024 The bosses of the largest investment platforms in the UK have called for a "radical" simplification of the ISA regime, arguing that reform could unlock £30bn to boost British equities.
Blackrock needs to ‘face up’ to role in promoting ‘dangerous ESG placebo’, ex green investment chief argues July 14, 2024 Writing in City A.M. over the weekend, Fancy, who was formerly chief sustainable investment officer at Blackrock criticised Larry Fink for his "vacuous promises" on ESG.
Reeves must accelerate pension consolidation to unlock UK investment, says Schroders chief July 13, 2024 Rachel Reeves should accelerate efforts to merge smaller pension funds to allow the country’s retirement cash to flow into British companies, the chief executive of Schroders has said.
London Stock Exchange eyes fresh listings as City regulator readies sweeping shake-up July 12, 2024 The London Stock Exchange could be in line for two new listings by the end of this year in a boost to the bourse as it prepares for the biggest regulatory shake-up in three decades.
Premier Milton: Demand for UK equities still ‘weak’ July 12, 2024 In a trading update covering the third quarter, Premier Milton reported that its AUM stood at £10.6bn at the end of June.
UK surpasses India as world’s third-largest venture capital market July 11, 2024 The UK has leapfrogged India to become the world's third-biggest venture capital market, new figures show, as analysts forecast a return to growth after a drop-off in investment and dealmaking in recent years.