London needs a new financial services story – and it should be crypto, says former chancellor Hammond April 6, 2023 Back in 2017, a word association for then-Chancellor Philip Hammond may have conjured up the likes of staid and steady over innovative and adventurous. Theresa May’s right hand man oversaw a turbulent period for the country but he was the last man in Number 11 to stick to the Office for Budget Responsibility’s forecasts. While [...]
‘Come to London’: FCA eyes up capital markets reform with 12 month plan to woo world listings back to the City April 5, 2023 The Financial Conduct Authority has laid out plans to “make the UK a more attractive place for business” today after a flurry of firms have ditched the UK in favour of foreign markets in recent months.
Home REIT: Embattled social housing investor looks to offload properties and ‘stabilise’ portfolio April 5, 2023 Scandal stricken social housing investor Home REIT said it is looking to offload some properties today as it scrambles to raise cash and “stabilise” its portfolio ahead of the appointment of a new investment adviser. In a statement this morning, bosses said the former FTSE 250 firm “continues to explore all available options” as it [...]
London fintech Clearbank triples revenues to £58m as firms flee to BOE-backed safety April 4, 2023 London fintech Clearbank has revealed its revenues tripled to £58m last year as financial firms rushed to the firm amid market turmoil and sharp rate hikes.
Railsr picks former blockchain boss as new CEO after emergency sale April 4, 2023 City fintech firm Railsr has appointed a former blockchain boss as its new chief executive as it looks to steady the ship with three senior appointments after it was saved from the brink of bankruptcy last month.
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.
