Amundi chief labels parts of private equity as ‘pyramid’ and ‘ponzi’ scheme June 1, 2022 Europe’s biggest asset manager Amundi has described elements of private equity as a “pyramid scheme” and “ponzi scheme” due to the fact that private equity firms can sell assets onto peers for major profits.
Johnson’s ethics chief threatens to resign over possible breaches of ministerial code June 1, 2022 Boris Johnson has written to his ethics chief rebuffing suggestions that he broke the ministerial code after the adviser threatened to quit over the 'partygate' scandal.
Social care startup sets ‘broken system’ in sights after £28.5m cash injection June 1, 2022 London-based social care startup Florence said it is looking to solve the issues of the “broken” care system today after securing a £28.5m cash injection.
UK manufacturing growth slumps to 16 month low June 1, 2022 The soaring cost of living and a slowdown in shopper demand choked off growth in British manufacturing last month as the sector expanded at the weakest rate since January 2021, a closely watched survey revealed today
Treasury unveils plans for stablecoin insolvency regime led by Bank of England May 31, 2022 The Treasury has today unveiled plans for an insolvency regime for stablecoins as it looks to safeguard against the type of crash that saw terra shed almost all of its value this month.
Bain & Co snaps up London procurement specialist Proxima May 31, 2022 US consulting giant Bain & Co revealed it has snapped up London procurement specialist Proxima today, as demand for supply chain consultancy surges amid a wave of inflationary and geopolitical shocks.
UK will not diverge far from EU in Brexit rules bonfire, says Treasury official May 31, 2022 The Treasury’s chief of financial services looked to play down the severity of the UK’s planned post-Brexit bonfire of financial regulation today, saying the EU’s financial rules shared the same goals and were designed in part by UK lawmakers.
Eurozone inflation surges to 8.1 per cent as pressure grows on ECB for rate hikes May 31, 2022 Eurozone inflation surged ahead of expectations to a record high in May as pressure grows on the European Central Bank’s to hike interest rates.
Credit Suisse looks to raise $1bn as it reels from string of scandals May 31, 2022 Beleaguered lender Credit Suisse is looking to raise over $1bn as it reels from the financial fallout of a string of scandals in the past 18 months.
Notorious activist Nelson Peltz takes board seat at Unilever May 31, 2022 Notorious activist investor Nelson Peltz has been appointed to the board of Unilever today after building a stake through his firm Trian Fund Management earlier this year.
