Klarna looks for fresh funding at slashed valuation of $30bn May 19, 2022 Buy-now pay-later giant Klarna is looking to raise fresh funding at less than a third of its most recent valuation, as the rout in global tech stocks begins to spread onto private markets.
FCA gives greenlight to River and Mercantile takeover by Gilbert’s AssetCo May 19, 2022 The FCA has given the greenlight today to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.
Coinbase issues rallying cry as exchanges are battered by crypto crash May 19, 2022 Crypto exchange Coinbase has issued a rallying cry for crypto today as it scrambles to restore confidence from customers after a plunge in the market in recent weeks.
FCA to be granted powers to protect cash access as banks slash branches May 19, 2022 The UK’s top financial watchdog will be granted fresh powers to ensure that banks provide access to cash as Britain’s high street lenders move to slash branch numbers across the country.
Invest more to help ease cost of living crunch, Sunak tells business chiefs May 19, 2022 The chancellor Rishi Sunak has called on businesses to ramp up investment in training and innovation to help alleviate a cost of living squeeze, in a speech to the country’s top business chiefs last night.
Activist shareholder group slams $68tn climate initiative for ‘lack of ambition and progress’ May 19, 2022 Activist shareholder group ShareAction has slammed the world’s largest climate investor initiative today claiming it has “failed to deliver any meaningful progress” on reducing corporate emissions.
London-based Lightrock looks to fuel Latin American growth with new $300m fund May 18, 2022 London private equity firm Lightrock unveiled a fresh $300m Latin America fund today as it looks to spur growth in ‘purpose-driven’ entrepreneurs across the region.
Ninety One reports record profits after £5bn inflows May 18, 2022 London-listed asset manager Ninety One reported record profits today after notching up £5bn inflows in the past year, despite a slowdown in the final quarter sparked by soaring inflation and war in Ukraine.
Morgan Stanley throws weight behind Thought Machine in $160m funding round May 18, 2022 Morgan Stanley has thrown its weight behind London fintech Thought Machine in a $160m funding round announced today, as the London-based cloud banking firm gears up for international expansion.
Modulr poised for pan-European push after £83m funding injection May 18, 2022 London fintech firm Modulr is poised for pan-European expansion after closing a £83m funding round today, led by global growth equity firm General Atlantic.
