Why Abakar Saidov is backing the future of UK tech June 22, 2023 Tech entrepreneur Abakar Saidov tells Charlie Conchie why the UK is the place for him Billion-dollar artificial intelligence (AI) firm Beamery is not the Saidov brothers’ first business venture. When the pair left Russia in the mid-90s with their parents, they lied about their age to get a paper round before investing the profits in [...]
London small firms dominate fast growth list despite inflationary drag June 21, 2023 London’s small businesses have dominated a list of the country’s fastest growing firms this year despite inflation dragging on growth across the country, according to new research. In a ranking of the UK’s 100 fastest growing small firms by business group FEBE, 26 per cent of firms hailed from the capital while 13 per cent [...]
UK must have a ‘Goldilocks’ approach to crypto rules or risk scaring firms off, warns minister Griffith June 20, 2023 The UK must strike a “goldilocks” approach to crypto rules and not scare off a crop of fintech firms with an overly “hot” regulatory clampdown, the City minister has warned.
Abrdn: Why shareholders could be set for a payday after £337m HDFC sale June 20, 2023 Abrdn has offloaded its entire stake in Indian asset manager HDFC and could now be set to ramp up share buybacks as it looks to put cash back in shareholders' pockets.
Andreessen Horowitz leads $19m injection into London ‘voice AI’ firm June 20, 2023 Heavyweight Silicon Valley investor Andreessen Horowitz (a16z) has led a $19m funding injection into London-based AI firm ElevenLabs to help accelerate a new wave of “voice AI research”, the firm announced today.
Former Klarna chief joins Treasury-backed fintech body June 20, 2023 The former UK chief of Klarna has joined the board of the government-backed Centre for Finance, Innovation and Technology as the group looks to spur an “aggressive” push for the UK’s fintech sector.
Damp squib? Private equity frenzy fails to materialise as interest rate pain scuppers deals June 20, 2023 A much anticipated take-private frenzy from dealmakers in Europe has failed to materialise this year as rising interest rates dampen the appetite for debt-fuelled takeovers, analysts have said.
FCA restricts Odey’s hedge fund from moving assets June 19, 2023 The Financial Conduct Authority has blocked bosses at Odey Asset Management from withdrawing funds from the firm as it circles the investment firm following allegations of sexual assault against founder Crispin Odey.
Sunak piles pressure on private sector to invest in war-torn Ukraine economy June 19, 2023 The Prime Minister Rishi Sunak is set to pile pressure on UK firms to invest in the Ukrainian war effort this week as Kyiv mounts its own charm offensive on the private sector globally.
Exclusive: Home REIT shareholder calls for FCA probe into ‘misleading’ statements June 19, 2023 The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City A.M. can reveal.
