Hargreaves Lansdown chief on spats with the founder, his time at the top and the power of retail investors February 23, 2023 At times of turbulence, retail investors are entirely rational creatures. At least, that’s the view of Chris Hill, the outgoing boss of Britain’s largest retail investment and savings platform, Hargreaves Lansdown. Hill – who has been at the helm of the retail giant since 2016 and is preparing to step down in November – was [...]
Amigo struggling to raise £45m survival cash as it swings to hefty loss February 23, 2023 Beleaguered lending shop Amigo said it was yet to secure the £45m funding it needed for survival today as it swung to a hefty loss in the nine months to the end of December. The controversial Bournemouth-based firm has been struggling to restart lending again in full after being punished by regulators for dishing out [...]
Top UK investment body slams FCA for moving too fast on greenwashing rules February 22, 2023 A top investment body has slammed the UK’s financial services regulator for moving too fast on environmental, social and governance (ESG) rules today, claiming it risked “dislocating” a major section of the sector. Officials at the Financial Conduct Authority (FCA) announced plans in October to clampdown on the labelling of ESG financial products in a [...]
FTX collapse: UK investors report losses of nearly £2m to police February 22, 2023 The amount of recorded cash lost by UK investors in the collapse of crypto exchange FTX swelled to nearly £2m this month as burnt traders turn to the police in the hope of recovering their money, a freedom of information request reveals.
UK will become ‘innovation wasteland’ if Hunt pushes through R&D tax relief cuts, FSB warns February 22, 2023 The UK will become an “innovation wasteland” if the government pushes ahead with plans to slash research and development (R&D) tax relief, the Federation of Small Businesses (FSB) has warned. The UK’s largest business group urged ministers today to reverse plans to gut the R&D tax relief scheme, announced by Chancellor Jeremy Hunt in November, [...]
Growing ‘valley of death’ funding gap could scupper UK tech ambitions, industry bosses warn February 22, 2023 A growing ‘valley of death’ funding gap facing the UK’s tech sector could scupper the government’s Silicon Valley ambitions as firms struggle to raise cash and fuel growth, tech investors have warned. Venture capital funding into the UK faltered last year amid a global slowdown as soaring inflation and market volatility caused investors to pull [...]
Credit Suisse shares plunge to fresh lows as chair faces investigation February 21, 2023 Shares in beleaguered lender Credit Suisse plunged to fresh lows today after it was revealed that chair Axel Lehmann is under investigation from Swiss regulators over potentially misleading claims made to the media last year.
FCA in ‘advanced’ talks over £306m redress for Woodford investors burnt by fund’s collapse February 20, 2023 The Financial Conduct Authority said it is in talks to strike a deal with the manager of Neil Woodford’s collapsed investment fund today to ensure burnt investors can get redress after it collapsed in 2019.
Post Brexit overhaul planned by FCA to secure the UK’s status as an international hub for asset management February 20, 2023 The Financial Conduct Authority is looking to overhaul rules governing the asset management industry in a bid to keep the UK attractive to international money managers after Brexit, the regulator announced today.
A REIT mess: Home REIT execs to be grilled on takeover approach and shoddy housing at AGM February 20, 2023 Beleaguered housing investor Home REIT is set to be grilled by investors today over the state of its finances, its dilapidated property portfolio and the suitability of a recent takeover approach from a firm with links to its former investment advisor. The troubled former FTSE 250 firm is due to face shareholders at its annual [...]
