DWF shares surge 40 per cent amid takeover talks with private equity firm July 10, 2023 Shares in legal services outfit DWF rocketed today after the firm revealed it was in talks with London-based Inflexion Private Equity Partners regarding a possible buyout. In a statement to the London Stock Exchange, DWF said it was in talks for a deal worth about £342m. Shares in DWF soared as much as 40 per [...]
Plus500 cashes in on global growth push as profits rise July 10, 2023 Fintech trading platform Plus500 said today it was reaping the rewards of its global growth push as the firm reported a boost in profits and revenues in the first half of the year. The London-listed Israeli firm said revenues jumped 15 per cent to $368.5m in the first six months of the year while its [...]
UK fintech funding tumbles as interest rates dampen investors’ appetite July 10, 2023 Funding for the UK’s fintech sector cratered in the first half of the year as further interest rate hikes and economic volatility continue to weigh on investors’ appetite for the market, according to new data.
‘Job one – take on Vanguard’: Abrdn targets DIY investor dominance with new growth push July 6, 2023 Asset manager Abrdn said it is looking to take on US investment giant Vanguard today as it kicks off a growth drive in its personal wealth division.
Former UBS banker convicted of Libor rigging wins chance for court appeal July 6, 2023 The former UBS banker convicted of Libor rigging in the UK will see his conviction referred to the Court of Appeal in a major development in his campaign to prove his innocence.
Asset managers exposed to liquidity risk, FCA warns July 6, 2023 The City’s asset managers have left “gaps” in their liquidity management and could be exposed in the event of a run from investors, the Financial Conduct Authority has warned.
Dame Jayne-Anne Gadhia: Menopause, Richard Branson and carving out a path for women’s success in the City July 6, 2023 Dame Jayne-Anne Gadhia speaks with City A.M. on Richard Branson, the menopause and carving out a path for women's success in the City
FCA investigation asks if Crispin Odey was ‘fit and proper’ to work in financial services July 5, 2023 The Financial Conduct Authority has today confirmed it launched probes into disgraced fund manager Crispin Odey in mid-2021 to determine whether he was a “fit and proper person” to be working in financial services.
FCA rips up trading tape in post-Brexit rules overhaul July 5, 2023 The FCA has tabled a slew of reforms to City rules to try and keep the capital competitive
London IPO market shows ‘green shoots of recovery’ after barren start to the year July 5, 2023 The amount of cash raised on the London Stock Exchange has begun to creep upwards this year as the “green shoots of recovery” begin to appear after a barren period on the market, new data shows.
