Banking crisis: DIY investors piled into Credit Suisse and Silicon Valley Bank trades during turmoil May 9, 2023 Do-it-yourself investors piled into banking trades in the first quarter of the year as the sector was shaken by the collapse of Silicon Valley Bank and shotgun sale of Credit Suisse to UBS, new data has revealed.
Civitas agrees to ‘undervalued’ £485m takeover following wave of criticism from press and shortseller May 9, 2023 London-listed social housing investor Civitas revealed it had struck an “undervalued” deal to sell itself to a Hong Kong property giant today as it looks to escape a barrage of criticism from short sellers and the media.
Regulator probes Deloitte over audit of fashion firm Joules May 9, 2023 The Financial Reporting Council has opened an investigation into the audit of embattled retailer Joules today after Deloitte signed off its accounts prior to the firm’s collapse last year.
WANdisco set to slash headcount by 30 per cent as fraud fall out continues May 4, 2023 Beleaguered data firm WANdisco said it will slash its headcount by nearly a third today as it scrambles to steady the ship amid an accounting scandal and fraud probe.
Over the line: Liontrust strikes near-£100m deal to snap up Swiss rival May 4, 2023 London-listed asset manager Liontrust is set to buy a rival for £96m this morning as a consolidation of the industry accelerates this year.
“Confidence returns”: Improved Hargreaves Lansdown update suggests clients bullish once more May 4, 2023 "Confidence" has returned, reckon bosses at the retail trading platform, in what could be a good sign for the UK economy at large
Allica Bank’s Richard Davies on navigating crises and plans for business banking domination May 4, 2023 Amid a crowded field of UK challenger banks, Allica's function-over-fashion approach is serving it well, says CEO Richard Davies
London Stock Exchange chief: FCA rule changes won’t stop the City’s decline on their own May 3, 2023 New rule changes designed to boost the appeal of UK capital markets are “just one element” of arresting the City’s decline, the chief of the London Stock Exchange warned today.
As FCA rewrites listing rules, another firm ditches London due to ‘regulatory burden’ May 3, 2023 A London-listing and the associated tangle of regulatory red tape inflict more pain on firms than benefits, an AIM-listed renewables firm said today, as it announced plans to ditch its quoted status in the City.
Embattled Home REIT set to appoint investment adviser this week as field narrows to two May 2, 2023 Scandal-stricken social housing investor Home REIT is set to appoint a new investment manager this week as the field of potential suitors narrows to two, City A.M. has learned.
