US investors get the jitters as global market confidence plummets July 27, 2022 Investor confidence has plunged this month as rampant inflation and global political uncertainty continues to batter public markets, according to a survey of investor sentiment today.
Visa hails return of travel as revenues fly to £6bn July 27, 2022 Bosses at payments giant Visa hailed the return of travel yesterday as a rebound in summer holidays helped push revenues up 19 per cent in the third quarter of the year.
Mining firms dish out dividends as UK shareholders pocket £37bn July 27, 2022 UK shareholders revelled in £37bn worth of dividends in the second quarter of the year as mining firms, banks and oil giants put bumper profits back in the pockets of investors.
British Business Bank pumps £30m into early-stage venture fund amid investment slowdown July 27, 2022 The state-backed British Business Bank revealed it had pumped £30m into a new early-stage venture fund today as it looks to fill a funding gap for small firms amid a major investment slowdown this year.
FCA reveals major consumer regulation shake-up but delays deadlines after industry protest July 27, 2022 The UK’s top financial watchdog has revealed its plans to tighten protections for consumers today in the biggest package of regulatory reforms to hit the City in a decade.
Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, City A.M. can reveal.
Monzo ‘repeatedly failed customers’ by not sharing data, competition watchdog says July 26, 2022 The competition watchdog has accused Monzo of “repeatedly” failing its customers today after it found the digital lender had failed to share transaction data with people closing down their accounts.
Exclusive: Ministers plan ‘final salary’ pension reform as £1.7tn schemes face liquidity crunch July 26, 2022 Ministers have announced plans to ramp up regulatory scrutiny of ‘final salary’ pension schemes today amid fears that rising interest rates and soaring inflation will leave some schemes facing a liquidity crunch this year.
Consumer Duty set to deliver ‘biggest regulatory overhaul in a decade’ for financial services July 26, 2022 City firms are braced for one of the biggest shake ups of UK financial services regulation in a decade this week as the UK’s top watchdog unveils its new Consumer Duty to ramp up protection of savers and retail investors.
Climate startup Altrustiq bags £15m as investors hunt for greenwashing solution July 25, 2022 London-based climate tech firm Altruistiq has bagged £15m in seed funding today as investors bet on 'carbon accounting' as a solution to the rise of greenwashing.
