Lightrock raises £744m for new climate fund October 13, 2022 London-based private equity platform Lightrock said it had sailed past funding targets for a new climate fund today after bagging €860m to pump into firms developing net-zero tech.
Kids’ finance app GoHenry bags £50m cash injection October 13, 2022 Kids’ finance app GoHenry revealed it had bagged $55m in fresh funding today as it looks to fuel its expansion across Europe.
Recruiter Hays reports record fees amid tight labour market October 13, 2022 Recruitment specialist Hays said it was confident it could navigate economic volatility ahead today as it reported a record quarter with fees up 15 per cent.
Debt campaigners sound alarm over Deliveroo’s Klarna tie-up October 12, 2022 Debt campaigners have sounded the alarm over a “worrying” partnership between Deliveroo and buy-now pay later firm Klarna today which they claim could land cash-strapped Brits in mounting piles of debt.
City regulators ready clampdown on LDI pension funds October 12, 2022 City regulators said today they are readying to clampdown on the so-called liability driven investment (LDI) strategies at the heart of a near-meltdown in some UK pension funds two weeks ago.
Exclusive: Quarter of all Londoners now dip into savings to survive while one in three have zero extra pounds left October 12, 2022 More than a quarter of people in London are being forced to dip into their savings to make ends meet every month, according to fresh data shared with City A.M. today. However, the research also reveals that almost a third of people across London, around don’t have any savings to fall back on – prompting [...]
Columbia Threadneedle suspends UK property fund over cash fears October 12, 2022 Fund manager Columbia Threadneedle said it had suspended trading in its £453m UK property fund last night after a run from investors caused a cash crisis.
Rees-Mogg: Bank’s tame rate hike could have sparked pension crisis October 12, 2022 Jacob Rees-Mogg looked to shift the blame of the pensions crisis onto the Bank of England this morning as he claimed it could have been sparked by Threadneedle Street’s failure to hike interest rates more aggressively.
PageGroup warns of slowdown as profits hit £270.5m October 12, 2022 Recruitment giant PageGroup warned it had seen a "slight softening" in employers' confidence today as it reported a 14 per cent jump in profits the third quarter of the year.
UK unemployment falls to 50 year-low amid jobs market exodus October 11, 2022 A sharp rise in the number of Brits dropping out of the jobs market altogether has artificially pushed the UK unemployment rate down to its lowest level since the mid 1970s, official figures published today reveal. The volume of people in the UK not looking for work climbed around 330,000 over the last three months, [...]
