Citco funds swing into positive as manager sentiment ticks upward Fund management Hedge fund giant Citco saw performance in its funds swing back into positive territory in July after a sustained slide for much of this year, the firm revealed today.
London venture firm looks to scoop £83m for new climate fund Venture A new venture vehicle has launched in London today with the aim of scooping up €100m (£83m) to pump into early-stage climate tech firms.
Funding Circle founder bags £22.5m for new payments startup Payments The payments app founded by Funding Circle entrepreneur Samir Desai has bagged a £22.5m funding injection today as it looks to strip hidden fees out of online payments.
Plus500 launches $60.2m share buyback after jump in profits August 17, 2022 FTSE 250 fintech firm Plus500 said its profits had surged to $312.6m in the first six months of the year as it unveiled a bumper buyback programme to put excess cash back in shareholders’ pockets. Bosses said pre-tax profits had jumped to $312.6m in the six months to the end of June, up from $188.7m [...]
Crypto scammers make off with $1.9bn after surge in DeFi theft August 16, 2022 Crypto hackers made off with $1.9bn in the first seven months of the year after a surge in funds stolen from decentralised finance (DeFi) protocols, according a top crypto analysis firm.
Elliott sheds SoftBank stake as investor grapples with tech rout August 16, 2022 Hedge fund Elliott Management has reportedly offloaded almost its entire stake in SoftBank this year as the Japanese investment giant grapples with a market downturn this year.
Start-ups hit the brakes on hiring as costs soar August 11, 2022 Cash-strapped start-ups are slowing recruitment and ripping out unnecessary costs this year as rising costs batter the bottom line, top investors said today.
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
MPs set to scrutinise government crypto hub plans in fresh inquiry August 4, 2022 MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.
Startups restraining breakneck growth plans in hunt for funding, says VC chief July 28, 2022 UK startups are paring back growth-at-all-costs business plans and mapping out firmer routes to profitability as recessionary fears cause investors to pull back from higher risk bets, a top venture capital chief said today.