Exclusive: Revolut boss criticises FCA over sluggish progress on banking licence June 15, 2022 The founder of fintech giant Revolut has criticised the Financial Conduct Authority (FCA) after the firm’s progress towards a full banking licence had been "slower” than expected.
SoftBank lines up dual listing in London for Arm IPO June 15, 2022 SoftBank is lining up a London listing for some of its stake in British chipmaker Arm, in a turnaround from earlier plans to float the firm solely in New York, according to reports.
Progress on Arm London listing ‘hugely significant’, says tech chief June 14, 2022 Tech chiefs have hailed the possibility of a London listing for British chipmaker Arm as “hugely significant”, after the digital minister said progress had been made in discussions with the firm’s owner SoftBank this week.
Allica Bank bags £55m funding led by British Business Bank subsidiary June 14, 2022 Fintech business lender Allica has bagged a fresh £55m round of funding today to “fuel its continued growth” as it eyes up profitability this year.
Sky piles into new £100m climate tech fund June 13, 2022 Media giant Sky will anchor a new £100m venture capital fund looking to pump cash into early-stage ‘climate tech’ firms, the firm announced today.
FCA shifts Credit Suisse onto financial watchlist after string of scandals June 13, 2022 The UK’s top financial watchdog has moved embattled lender Credit Suisse onto a watchlist of institutions in need stricter supervisions, after the bank has been hit by a string of scandals in the past 18 months.
Ministers unveil new digital strategy to boost UK tech sector June 13, 2022 Ministers have today unveiled plans to boost the UK’s tech sector and spur investment into the digital economy in a bid to cement the country “as a global tech superpower”.
Molten Ventures poised to slash investment by half after profits jump to £301m June 13, 2022 London-listed venture capital firm Molten Ventures reported a surge in the value of its portfolio in the last 12 months but warned today it was braced for a slowdown in the year ahead as inflation begins to bite.
London retains crown as Europe’s top city for foreign financial services investment June 13, 2022 London has retained its crown as Europe’s most attractive city for foreign financial services investment as investors shrug off Brexit concerns and continue to pump cash into the capital, a new survey has revealed.
UK tech investment hits £12.4bn as private firms buck volatility June 12, 2022 The amount of cash pumped into British tech firms surged beyond that of China in the first five months of the year as private British tech firms bucked the volatility that has rocked publicly listed tech stocks.
