Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
MPs quiz City watchdog over handling of Crispin Odey claims June 14, 2023 A group of MPs has called for the Financial Conduct Authority to reveal the depths of its previous probes into Crispin Odey today as the scandal surrounding the financier deepens this week.
WE Soda scraps London listing plans in ‘fresh blow’ to the City June 14, 2023 Soda ash firm WE Soda has ditched its plans to float on the London Stock Exchange today citing “extreme investor caution”, just one week after first announcing the move. The Turkish owned firm had delivered a boost to London’s beleaguered exchange when it revealed last week it was plotting a London IPO in what would [...]
Why British investors are pouring into US tech funds this year June 14, 2023 British do-it-yourself investors are pouring back into tech funds this year in a bid to cash in on a tech-fuelled market rally in the US and Asia.
Odey latest: Firms gates funds as it looks to restore reputation June 14, 2023 ODEY Asset Management is shuttering one of its funds and restricting withdrawals from another as it scrambles to contain the fallout of a slew of sexual assault allegation against its founder. The firm has been rocked by allegations from 13 women against Crispin Odey published in an investigation by the Financial Times last week. Odey [...]
Why Rishi Sunak’s crypto investment quote has the tech industry excited June 13, 2023 When storied Silicon Valley investment firm Andreessen Horowitz made the announcement that it would be setting up a dedicated crypto arm in the UK yesterday – the firm’s first base outside the US – the announcement came with high profile backing: the Prime Minister, Rishi Sunak. Sunak championed the launch on Twitter and said in [...]
Crypto exchange Bitstamp wins FCA approval ahead of regulatory clampdown June 13, 2023 Crypto exchange Bitstamp has won authorisation from the UK’s financial watchdog today and doubled down on investment in Britain despite a looming clampdown from regulators.
Odey: Plus500 shares spike as it claws back $100m from beleaguered hedge fund June 13, 2023 Shares in London-listed fintech firm Plus500 have surged today after the firm revealed it would buy back some £100m worth of shares from beleaguered hedge fund Odey Asset Management. Odey AM has been rocked in recent days after founder Crispin Odey was accused of sexual assault by numerous women in an investigation by the Financial [...]
What we learned from Keir Starmer on AI, Boris Johnson and Nicola Sturgeon June 13, 2023 Keir Starmer hit the stage at London Tech Week this morning to mount Labour’s charm offensive on the great and good of London tech. Starmer’s address to the conference followed a major presence from top Tory figures yesterday, with talks from both Rishi Sunak and Jeremy Hunt. Speaking on the main stage in Westminster, the [...]
CMC Markets: Meme-stock army is losing interest as trading falls June 13, 2023 Trading platform CMC Markets warned of a slowdown in trading on its platforms today as it revealed profits had fallen beyond 40 per cent in the year to the end of March.
