Darktrace: Cybersecurity giant warns of slowdown as new customers cut back spending April 13, 2023 Cybersecurity firm Darktrace warned of a looming slowdown in sales today as tricky economic conditions and rising costs “pose challenges to winning new customers”.
‘There’s a real opportunity here’: Fintech chief Janine Hirt on why London remains the place to be April 13, 2023 The INnovate Finance boss speaks with City AM on why the next chapter will be crucial for the UK's fintech sector
De La Rue warns of ‘significant uncertainty’ as demand for cash dries up April 12, 2023 Storied banknote-maker De La Rue said profits would slump below expectations today and warned of a “significant degree of uncertainty” as it struggles to cope with a downturn in cash usage.
UK takeover bids tumbled amid banking crisis fears – as private equity firms smell bargains April 12, 2023 Takeover attempts in the UK tumbled sharply in the first three months of the year as fears of a global banking crisis roiled markets and spooked the City’s dealmakers.
Klarna and Zilch sound the alarm on planned BNPL rules as key consultation closes April 11, 2023 Klarna and Zilch have sounded the alarm over the scope of planned buy-now pay-later (BNPL) rules today as ministers close a key consultation before bringing the sector into regulation later this year. The government has been sounding out the industry for its input on proposed rules after first laying out plans to clampdown on firms [...]
Is a crypto bull market coming? Bitcoin roars past $30k as investors bet on end to rate hikes April 11, 2023 Bitcoin has roared past the $30,000 dollar mark for the first time since June last year as investors pour into crypto in a bet on the end of rising interest rates.
New investment trust plots £100m IPO in boost for London April 11, 2023 A new investment trust has revealed plans for a £100m float on the London Stock Exchange today in a boost to the capital’s markets after a barren start to the year. Ashoka WhiteOak Emerging Markets Trust announced this morning that it would list a new investment vehicle that to back quoted firms that provide exposure [...]
Sluggish progress on open banking regulation has left consumers ‘at risk’ April 7, 2023 Sluggish progress on open banking regulation has left consumers “unduly at risk” and regulators need to urgently ramp up protection measures, a group of experts has warned. Open banking, which was rolled out by regulators in 2017 to force high street lenders to open customers’ data to trusted third-party firms, has been consistently touted by [...]
As Russia’s war in Ukraine rages on, venture investors are looking to cash in on ‘defence tech’ April 7, 2023 Russia's invasion of Ukraine brought a sharp close to a decade-long venture capital funding frenzy last year, as soaring inflation, rapid rate hikes and tumbling valuations caused investors to hurriedly tuck away their cheque books.
FCA shuts down Wealthtek over ‘serious regulatory issues’ April 6, 2023 The City watchdog has moved to shut down financial advisor Wealthtek and police have arrested one individual after “serious regulatory and operational issues” were uncovered at the firm.
