AJ Bell shares tumble as inflows fall to under £1bn despite rise in customers January 19, 2023 Shares in trading firm AJ Bell slumped today as the firm said the flow of cash onto its platform dipped in the final three months of the year despite a rise in customers. In a trading update on the the first quarter of its financial year, the FTSE 250 firm said that inflows onto its [...]
Top investors hit back at FTSE 100 firms after claims of governance ‘box ticking’ January 18, 2023 A group of top investors has looked to shift blame onto FTSE 100 chiefs for a breakdown in the relationship between firms and their major shareholders today, after top chairs criticised investors’ approach to corporate governance last year. The Investor Forum, which represents investors holding more than £800bn worth of UK equities, has written to [...]
UK ‘cleantech’ firms set for funding boost amid net zero drive, KPMG predicts January 18, 2023 Venture capital investors are turning their gaze towards the UK’s so-called cleantech sector this year as net zero targets move closer, analysts from KPMG have predicted. Last year, global venture investment slumped by almost a third last year as soaring inflation and sharp rate hikes caused investors to turn off the taps following a funding [...]
WH Smith revenues boosted by return of rail and air travellers January 18, 2023 WH Smith said revenues had surged in the first few months of its financial year today as its airport and train station-based shops reaped the rewards of a rebound in travel. In a trading update today on the 20 weeks to the 14th January, the book and stationery stalwart said that revenues ramped up 40 [...]
Asset managers show signs of rebound as assets tick up and outflows slow January 18, 2023 London-listed asset managers Liontrust and Rathbones showed signs of a rebound today as assets under management ticked upwards and the volume of investors pulling their cash from funds began to slow. London’s big money managers have suffered a torrid 12 months as markets descended into turmoil in the wake of war in Ukraine and soaring [...]
The fintech bubble may have burst, but these investment bankers are bullish January 17, 2023 Slashed valuations, mass layoffs, a funding drought and shuttered IPO market. For most, 2022 won’t be remembered as a stellar vintage for the fintech sector. But it wasn’t all doom and gloom, according to new analysis from investment bank Peel Hunt. A new note from the firm today says the spectacular bursting of the fintech [...]
LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]
Joseph Pinto joins M&G as asset manager adapts to meet evolving client needs January 17, 2023 M&G has appointed industry veteran Joseph Pinto as chief of its asset management arm today amid a period of change at the top for the FTSE-100 investor.
Wise: Money transfer firm hikes guidance as interest rates push up profits January 17, 2023 Money transfer firm Wise hiked its guidance for the full year today as rising interest rates cause a surge in the amount of cash it is making on its customer deposits.
Revolut builds ‘CultureLab’ to shake off workplace criticism January 16, 2023 Revolut is putting together an internal “CultureLab” to oversee its staff’s behaviour as it looks to win over regulators and address its reputation as a cut-throat workplace. The $33bn fintech firm has been beset by criticism over its poor corporate culture leading to a wave of staff exits over the past two years, including in [...]
