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.
Coadec follows Silicon Valley Bank UK and goes for a new look June 12, 2023 On the day that Silicon Valley Bank UK traded in its old branding, the start-up group that helped save it from collapse in March has announced a refresh of its own.
London Tech Week: Sunak and Hunt’s charm offensive was no light touch June 12, 2023 Charlie Conchie, City A.M. investment editor, reflects on day one of London Tech Week. What’s a growth mindset and how can I get one? Solving the UK’s tech investment gap is not just tweaking rules and regulation, Chancellor Jeremy Hunt said yesterday, but also “looking at our mindset”. “That’s something I think we need everyone’s [...]
Oaknorth boss: Immigration barriers are threatening the UK’s fintech sector June 12, 2023 A lack of talent is threatening to choke off growth in UK fintech and ministers must do more to open up borders to workers, the boss of digital lender Oaknorth said today.
Rishi Sunak: ‘AI doesn’t respect national borders so Britain must lead on global safety’ June 12, 2023 Artificial intelligence (AI) “does not respect borders” and the UK must lead on drawing up global regulation for the technology, the Prime Minister, Rishi Sunak, said today. Speaking at London Tech Week this morning, Sunak warned that the adoption of AI would have an impact on employment akin to the “industrial revolution” and said its [...]
