Rathbones partners up with Investec Wealth to create £100bn money manager April 4, 2023 Rathbones has snapped up Investec's wealth arm today in a move which will create one of the UK's top money managers with £100bn assets under management.
London AI firm Quantexa becomes first ‘unicorn’ of 2023 after $129m funding boost April 4, 2023 London-based artificial intelligence (AI) start-up Quantexa has become the first new British ‘unicorn’ of the year today after closing a $129m funding round at a valuation of $1.8bn.
New ‘endorsing body’ set to take on Tech Nation visa programme April 4, 2023 A new body is set to take over management of the feted tech talent visa programme from Tech Nation after the start-up group closed its doors at the end of March, the Home Office has confirmed.
‘Never a better time to expand’: Kids’ finance firm GoHenry snapped up by saving app Acorns April 3, 2023 British kids finance firm GoHenry has been snapped up by US investing app Acorns in a deal which will see its financial education tools rolled out to millions of new customers in the US.
Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.
Former Quilter boss Paul Feeney joins Skerritts to lead acquisition push April 3, 2023 The former boss of FTSE250 investor Quilter has been appointed chief executive of Brighton-based wealth manager Skerritts as it looks to ramp up its growth following a flurry of acquisitions in the past two years.
WANdisco CEO and CFO quit as investigation finds $115m of false sales April 3, 2023 The chief executive and finance boss of troubled tech firm WANdisco have stepped down today after an investigation found that $15m of revenues and $115m of sales last year were completely made up. Sheffield-based WANdisco suspended trading on the London Stock Exchange in March after an internal investigation uncovered “potentially fraudulent irregularities” on its books, [...]
Home REIT: Key tenant slips into arrears as shareholders say it’s getting “worse” April 3, 2023 The boss of Home REIT’s now-bankrupt biggest tenant controlled nearly a quarter of the firm’s rental income via three different companies – none of which have paid rent to the firm, City A.M. can reveal. Gurpaal Judge, the chief of Home REIT’s collapsed biggest tenant Lotus Housing, also ran tenants Redemption and Eden Safe, which [...]
New audit watchdog: FRC set to confirm CEO will move from London to Birmingham March 31, 2023 The CEO of the newly former audit watchdog will be based in Birmingham - a more than hour long train journey away from the country’s auditors, City A.M. understands.
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]
