De La Rue says ‘signs of recovery’ in cash usage after sharp fall in profits June 29, 2023 Cash printer De La Rue has said it sees “signs of a recovery” in money usage this year after a torrid 12 months in which its profit and revenues have contracted sharply. In its full year results today, the cash maker said revenues had tumbled 6.8 per cent to £349.7m in the year to March [...]
CAB Payments chief: Why we’re listing in London June 29, 2023 Bhairav Trivedi, the chief of Sutton-based money transfer firm CAB Payments, tells Charlie Conchie why he's listing in London
Clearpay jobs at risk as BNPL firm winds down EU business June 28, 2023 Buy-now pay-later giant Clearpay is shutting down its EU operations and could lay off all its European staff, City A.M. can reveal.
FCA risks ‘watering down’ investor protection in bid to revive London, 10 top pension funds warn June 28, 2023 The Financial Conduct Authority risks “watering down” investor protections in its push to revive the appeal of London’s markets, a group of top pension has claimed today.
Is Brexit the real reason for London’s stock market malaise? June 28, 2023 Whether Brexit is to blame for London's market malaise is a topic of debate in the Square Mile.
Odey Asset Management in ‘advanced talks’ to transfer funds to SW Mitchell Capital June 27, 2023 Odey Asset Management (OAM) is in “advanced talks” to transfer funds to rival SW Mitchell Capital as it reels from sexual assault allegation against its founder Crispin Odey. In a letter seen by City A.M., the beleaguered hedge fund wrote to investors saying it was in discussions over the transfer of four of its European [...]
‘Recession warnings flashing red’: HSBC Asset Management warns investors to batten down the hatches June 27, 2023 Stock markets are “out of sync” with blaring recession warnings flashing across Western economies and investors should brace for a turbulent period ahead, HSBC Asset Management has warned today.
Fintech firm CAB Payments eyes £850m price tag in rare London IPO June 27, 2023 Fintech firm CAB Payments has revealed it will look to fetch a price tag of more than £850m next month when it floats in London in a much-anticipated IPO.
Wise shares surge after interest rates push profits up 234 per cent June 27, 2023 Shares in money transfer Wise have rocketed this morning as the firm posted a 234 per cent boost in profits over the past year on the back of rising interest rates. In its full year results today, the London-listed fintech firm said profits had surged from £43.9m in 2022 year to £146.5m in 2023. Wise [...]
Venture capital investors brace for ‘real toughy’ of a year as interest rate pain looms June 27, 2023 Venture capital investors brace for 'real toughy' as interest rate pain looms
