Start-ups hit the brakes on hiring as costs soar August 11, 2022 Cash-strapped start-ups are slowing recruitment and ripping out unnecessary costs this year as rising costs batter the bottom line, top investors said today.
Credit Suisse begins High Court claim against SoftBank in $440m dispute August 11, 2022 Credit Suisse is ramping up its legal fight against Japanese investment giant SoftBank as it looks to recoup losses linked to the collapse of supply chain finance firm Greensill Capital.
Profits at M&G plunge to £182m as market turbulence hits August 11, 2022 Investor M&G reported its profits had slumped by nearly half in the first six months of the year after it was rocked by “adverse market movements” and soaring inflation.
SoftBank set to book $34bn gain by slashing Alibaba stake August 10, 2022 Japanese investment giant SoftBank said it would book a $34.1bn gain by cutting its stake in Alibaba today as it looks to shore up its balance book after a bruising first half of the year.
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
Heavy losses could spur move to private for SoftBank, analysts say August 9, 2022 Hefty losses in the portfolio of Japanese investment giant SoftBank could push its chief Masayoshi Son to delist the firm via a management buyout, analysts have suggested.
Taxpayer-backed Pollen on the verge of collapse August 9, 2022 An events start-up backed by the British Business Bank's Future Fund is on the verge of collapse just months after it bagged a $150m funding injection, according to reports today.
Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Abrdn shares plunge after market turmoil sparks £320m loss August 9, 2022 Shares in Abrdn plunged today after the asset manager reported a £320m loss and a sharp slide in assets under administration in the first six months of the year, after a turbulent period on markets.
