Can Tulip Siddiq get Labour’s City plans blooming? March 23, 2023 Labour's Shadow City minister talks facing off against her opposite number and the struggle for the Square Mile.
Adios Amigo? Lender set to wind down after failing to raise £15m survival cash March 23, 2023 Controversial lender Amigo loans is set to be wound down after failing to raise cash as part of an emergency turnaround plan.
UK ‘unicorn’ creation plummets as tech venture capital dries up March 23, 2023 The creation of so-called unicorns in the UK’s tech sector slowed by more than ten times last year as venture capital dried up and companies reined in their valuations to raise cash, new data has revealed.
Who’s going loco over Credit Suisse’s cocos? Here are the losers of the AT1 bond write-off March 22, 2023 Bond markets were sent into a spin across Europe this week after the move from Swiss regulator Finma to wipe out $17bn of Credit Suisse’s AT1, or coco, bonds, as part of a rescue deal from its rival UBS.
Muddy Waters chief slams EU regulators for short selling ‘overreach’ March 22, 2023 The founder of famed short seller Muddy Waters has slammed European rulemakers for “regulatory overreach” today and said the EU’s anti-short seller position was distorting markets.
L&G boss slams pension funds’ slide away from UK markets March 21, 2023 The chief of Legal & General has slammed a slide in pension funds' equity holdings today as calls grow for the City’s top institutional investors to back the UK stock market.
UK to press ahead with Edinburgh reforms despite banking crisis fears March 21, 2023 The UK government has said it will press ahead with its plans to deregulate the country’s financial services sector, known as the Edinburgh reforms, despite widespread turmoil in the banking industry. “We are continuing to deliver the Edinburgh reforms, which recognise the foundations on which the UK’s success as a financial services hub is built: [...]
Another British tech firm opts for a New York listing as UK’s science superpower dreams fade March 21, 2023 A Cheshire biotech start-up led by a former NHS doctor has floated in New York today after snubbing London’s market due to a dearth of specialised investors. Zura Bio, led by Oxford graduate Dr Someit Sidhu, announced it had merged with special purpose acquisition company (SPAC) JATT acquisition corp this morning in a deal that [...]
Scottish Mortgage Investment Trust chair quits after boardroom bust-up March 21, 2023 The chair of the Scottish Mortgage Investment Trust has stepped down today after a public bust up with one of the firm’s directors over alleged “procedural violations” in its investment practice.
Why pension funds might not be to blame for the UK’s capital market decline March 21, 2023 Pension funds have taken on an interesting new role in the City psyche over the past year. Once just guardians of the country’s retirement cash, they have morphed into punch bags on which to unleash frustration at the UK’s capital market decline. A sort of anti-growth coalition unwilling to back home-reared equities and believe in [...]
