UK economy will ‘flatline’ as stubborn inflation and a tight jobs market drag on growth June 8, 2023 Britain remains on course to dodge a recession this year but growth will "flatline" as stubborn inflation and a tight jobs market continue to drag on the economy, according to the latest forecast from the British Chambers of Commerce.
Fintech firm CAB Payments plots London listing in boost to the City June 8, 2023 A fintech firm has revealed plans to float on the London Stock Exchange today and hailed the capital as a “home for innovative and growing global businesses”, in a boost for the Square Mile after a bruising few months. CAB Payments, a specialist cross-border payments and foreign exchange firm, announced plans to float on the [...]
M&G set to lose four per cent of staff as Rossi continues cost-cutting drive June 8, 2023 Asset manager M&G said more than 200 staff had applied for its voluntary redundancy programme today as it revealed a £400m boost in flows in the three months to the end of March.
London beats New York (and everywhere else) on decade of tech investment June 8, 2023 London has beaten its rivals to take the top spot for global tech investment over the past decade after raking in cash across more than 1,700 separate investment projects, according to new figures.
Blackrock snaps up London-based venture debt firm Kreos Capital June 8, 2023 Blackrock has snapped up London-based venture debt specialist Kreos Capital today in a deal which extends the US behemoth’s reach into the credit asset management market. In a statement today, the world’s biggest asset manager said the deal would see it acquire full control of Kreos and its clients would now have access to the [...]
Link chief John Howells on bank branch closures, payments and the battle for cash June 8, 2023 Link's chief John Howells says the nation can't "abandon" its cash users.
Regulator plays sheriff as it takes on crypto marketing ‘wild west’ June 8, 2023 Crypto firms face a regulatory clampdown in the UK this year as the City watchdog cracks the whip on the “Wild West” landscape of crypto marketing. In a new set of rules announced today, the Financial Conduct Authority (FCA) said it will force crypto firms to introduce a “cooling-off” period, during which time consumers can [...]
Barbarians at the gate? Private equity bonanza fails to materialise June 7, 2023 A flurry of predicted private equity deals failed to rear its head last month as sticky inflation and more interest rate pain forced dealmakers to reconsider an offensive, according to a London investment bank.
Investec snaps up Capitalmind as investment bank consolidation accelerates June 7, 2023 Investec has snapped up a majority stake in boutique dealmaking firm Capitalmind today as a consolidation of smaller investment banks accelerates amid a deals drought.
UK and European firms top gloomy profit predictions to start the year – but a crunch could be coming June 6, 2023 UK and European firms shrugged off recession fears and posted fatter profit margins than investors feared in the first three months of the year, analysts at investment giant Blackrock said today.
