‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
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
Osborne-chaired Lingotto fund builds stake in Ocado amid Amazon takeover rumours June 26, 2023 The investment fund chaired by former chancellor George Osborne has built a up stake in retail tech firm Ocado, new company filings revealed today.
Scottish Mortgage bosses set for shareholder grilling after ‘painful’ year June 26, 2023 Bosses at Scottish Mortgage Investment Trust are set to face down shareholders tomorrow after a “painful” year in which it has been rocked by a boardroom spat and a plunge in its share price.
Blackrock and Mastercard fuel crypto confidence as Bitcoin climbs above $31,000 June 26, 2023 Bitcoin has climbed to its highest level in over a year in recent days as top financial firms including Blackrock doubled down on their commitment to crypto.
Cineworld to file for administration and suspend London listing in restructuring overhaul June 26, 2023 Cineworld is set to file for administration and suspend trading on the London Stock Exchange next month as part of a major bankruptcy restructuring plan, the firm revealed today.
Bank shares slump: Barclays, HSBC, NatWest and Lloyds down as investors fret over loan defaults June 23, 2023 Shares in Britain’s big banks have tumbled again today as investors fret over the impact of rising interest rates and the prospect of loan defaults on the horizon.
