Tech Nation lines up potential buyers for assets as closure looms February 12, 2023 Start-up group Tech Nation has reportedly lined up a host of potential bidders for its assets as it prepares to permanently close its doors at the end of March.
London-based Osmosis wins $4.5bn ESG mandate from Dutch pension fund February 12, 2023 London-based asset manager Osmosis has won a $4.5bn sustainable investment mandate from a top Dutch pension fund looking to slash the environmental impact of its investment portfolio.
Share price plunges for Ladbrokes owner Entain as MGM boss quashes takeover speculation February 9, 2023 Shares in gambling group Entain plunged this morning after the boss of potential suitor MGM quashed talks of a possible takeover. The FTSE 100 Ladbrokes owner and US resort giant MGM currently operate a US joint venture BetMGM, which has seen bumper growth and is expected to start delivering profits later this year. The bumper [...]
How crisis has become the norm for the UK’s small businesses, Tide chief February 9, 2023 Economic crises have rocked the UK’s smaller firms over the past three years – now they’re becoming par for the course, boss of small business banking firm Tide tells City.A.M.’s Charlie Conchie Small business banking has played a strangely starring role in the national drama of the past three years. When Covid first began to [...]
Bank of London maintains $1.1bn valuation with fresh funding injection February 8, 2023 Fintech clearing bank the Bank of London revealed it had bagged a fresh $40m funding injection today as it gears up for full operations after winning its full banking licence last month.
Ashmore profits plunge by half to £53.8m as spooked investors pull out of emerging markets February 8, 2023 Ashmore’s profits plunged during the first six months of its financial year, with the emerging markets asset manager blaming extreme market turbulence for investors’ decision to pull their cash. The London-listed asset manager notched up pre-tax profits of £53.8m in the six months to the end of December, a fall of 54 per cent on [...]
Arm revenues jump to £620m as Softbank gears up to float UK chipmaker February 7, 2023 British chipmaker Arm said revenues had surged 28 per cent in the past quarter as its parent company Softbank gears up for a much anticipated float at the end of this year. In a trading update on its third quarter trading the Cambridge-headquartered firm said revenues had topped $746m (£620) after its partner firms shipped [...]
New innovation department could be a ‘gear change’ for tech growth, industry chiefs say February 7, 2023 The creation of a new government department for technology and innovation could be a “gear change” for the growth in the UK’s tech sector and represents a “significant” boost for UK innovation, tech chiefs said today.
SoftBank’s Vision Fund loses £4.6bn as tech rout continues February 7, 2023 Japanese investment giant Softbank swung into the red between October and December, driven down by heavy losses at its flagship Vision Fund. Softbank’s Vision Fund suffered the brunt of a global tech rout that has shaved billions from the value of the world’s largest tech firms. Vision Fund booked a loss on its investments of 730.4bn [...]
Chris Woolard on BNPL, regulatory run-ins and getting financial rulemaking right February 2, 2023 The regulatory veteran wants a rulebook for the 21st century, but getting it right might trump speed, Charlie Conchie writes. Urgent. That was the word used by the former-interim chief of the City watchdog Chris Woolard when he gave his verdict on regulation of buy-now pay-later services in a landmark review two years ago today. [...]
