Adyen shares plunge as costs squeeze profit margins August 18, 2022 Shares in Dutch payments giant Adyen plunged this morning after it reported its profit margins were squeezed by a jump in travel and event costs in the first half of the year, at it notched a 37 per cent surge in revenue.
Marex hails record year as market volatility boosts profits to £49m August 18, 2022 London-based broking and trading firm Marex hailed a record set of results today as wild swings in commodity markets helped boost profits by 70 per cent.
AO World swings to £37m loss as costs skyrocket August 18, 2022 Online electrical retailer AO World revealed it had swung to a £37m loss in the year to March as costs skyrocketed and pandemic-induced boom in sales dropped off.
Made.com confirms emergency measures to bolster balance sheet August 18, 2022 Furniture firm Made.com confirmed it is mulling a capital raise to shore up its balance sheet today as it grapples with a plummeting share price and soaring costs.
Norway’s sovereign wealth fund notches record $174bn loss August 17, 2022 Norway's sovereign wealth fund, the worlds’ largest, made a record loss of 1.68 trillion Norwegian crowns ($174bn) in the first half of the year as its investments were rocked by fears of a global recession and rampant inflation.
Citco funds swing into positive as manager sentiment ticks upward August 17, 2022 Hedge fund giant Citco saw performance in its funds swing back into positive territory in July after a sustained slide for much of this year, the firm revealed today.
London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
London venture firm looks to scoop £83m for new climate fund August 17, 2022 A new venture vehicle has launched in London today with the aim of scooping up €100m (£83m) to pump into early-stage climate tech firms.
Funding Circle founder bags £22.5m for new payments startup August 17, 2022 The payments app founded by Funding Circle entrepreneur Samir Desai has bagged a £22.5m funding injection today as it looks to strip hidden fees out of online payments.
Bargain Hunt: After Ted Baker, foreign buyers set to continue swoop on cheap London-listed firms August 17, 2022 Lawyers expect further corporate raids on the capital’s listed businesses after Ted Baker became the latest to be picked off by foreign, private firms.
