Wise: Fintech firm’s finance chief to quit and focus on recovery from bike accident May 22, 2023 Fintech firm Wise has announced its finance chief will step down from his role today just two weeks after boss Kristo Kaarman revealed he would be taking an extended period of leave later this year.
Big Mac beef: LGIM takes aim at McDonald’s for ‘overuse’ of antibiotics in meat production May 22, 2023 Asset management giant Legal & General Investment Management (LGIM) is set for a showdown with McDonalds this week as it leads a fight against the firm’s use of antibiotics in its meat production.
‘A lot riding on this’: Close Brothers looks to win round the City after bruising year May 21, 2023 Merchant banking group Close Brothers is hoping to win back the confidence of the City this week after a bruising few months in which legal lending division Novitas has delivered a hefty blow to profits.
Microsoft and Revolut spats show UK regulators won’t ‘roll over and play dead’, tech chief says May 21, 2023 Microsoft and Revolut’s high-profile spats with City regulators do not signal an underlying hostility to tech and instead show rulemakers in the UK will not “roll over and play dead”, a top London tech chief has said.
‘I’m a bull on the UK’: Lazard chief backs London despite doom and gloom warnings May 21, 2023 The chief of financial advisory and asset management giant Lazard has said he is a “bull” on the UK despite warnings of the City’s decline on the international stage.
City regulators set for fresh scrutiny as ministers push post-Brexit reforms May 21, 2023 Ministers are looking to strengthen their oversight of financial regulators and boost accountability for decision-making as part of post-Brexit plans to rein in regulatory red tape and fuel the growth of the City.
BT share price tumbles as firm announces tens of thousands job cuts May 18, 2023 BT has announced plans to slash its workforce by as much as 42 per cent over the next seven years in a bid to slash costs and become a “leaner business”.
‘We need to make equities sexy’: Aquis chief Alasdair Haynes talks taking on the London Stock Exchange and boosting the City May 18, 2023 Aquis chief Alasdair Haynes tells Charlie Conchie that 'competitive tension' with the London Stock Exchange would be a good thing for the Square Mile
‘We know this has been painful’: Scottish Mortgage board defends strategy after bruising year May 17, 2023 Bosses at Bailie Gifford’s Scottish Mortgage Board Investment Trust admitted the last year had been “painful” today after a 33 per cent plunge in the value of its shares over the 12 months to March.
SPACs are back: Blank-cheque firm raises $550m in London’s biggest IPO this year May 17, 2023 A special purpose acquisition company (SPAC) has bagged $550m in an initial public offering on the London Stock Exchange today in the UK’s biggest listing so far this year.
