WANdisco: Crisis-hit tech firm calls in tech stalwart Stephen Kelly to steady the ship July 26, 2023 WANdisco has announced tech stalwart Stephen Kelly will stay on as its permanent chief today after the firm was readmitted to trading yesterday following a fraud scandal. The firm has been mired in crisis since revealing in April that over $115m in sales bookings would be written off its results due to “potentially fraudulent irregularities” [...]
City watchdogs risk ‘watering down’ London rules in red tape bonfire, FTSE bosses warn July 25, 2023 City watchdogs are at risk of “watering down” standards in the capital as the government throws its weight behind with a slew of reforms to the listings regime and capital markets, FTSE bosses have warned.
GAM takeover: Rebel shareholders urge regulator to block ‘deceptive’ claims as Liontrust spat erupts July 25, 2023 A group of rebel GAM shareholders trying to block the firm’s takeover by Liontrust has called on Swiss regulators to step in and prevent “deceptive” and “misleading information” being spread about its own offer.
Bridgepoint hopes for deals rebound later this year as sluggish exit market hits income July 25, 2023 Private equity giant Bridgepoint said it was betting on a rebound in dealmaking in the second half of the year today after its investment income slumped in the first six months amid lingering volatility and a sluggish exit market.
FTSE 100 firms shutting out DIY investors with corporate mumbo-jumbo, investment platform warns July 24, 2023 Top UK bosses are shutting out amateur investors from the market by using corporate waffle and overly technical language in their shareholder communication, a top investment platform has warned.
Wave of pension mergers looms as Hunt presses on with reform July 24, 2023 A wave of consolidation is coming in the UK’s pension sector as bigger master trusts guzzle up smaller peers and the government throws its weight behind reform, a top UK pension chief has predicted.
Atom Bank swings to first profit as juicy rates tempt in savers July 24, 2023 Atom Bank has notched its first full year of operating profit today after jacking up its savings rates and nearly doubling its customer base over the past year.
Liontrust waives key GAM offer term after spat with rebel shareholders July 24, 2023 Liontrust Asset Management has backed down on a key condition of its offer for Swiss rival GAM today after facing from a rival group of shareholders on its offer.
City firms feel the pinch as FCA ramps up action July 20, 2023 The Financial Conduct Authority has tightened the screws on City firms over the past 12 months as it shut off nearly 30 per cent more companies than the previous year.
CVC raises €26bn for record-breaking buyout fund July 20, 2023 Buyout giant CVC has raised a record-breaking $26bn for its latest fund making it the single biggest buyout vehicle in history.
