Schroders snaps up stake in digital asset manager in ‘tokenisation’ push July 19, 2022 Asset management giant Schroders announced it had snapped up a minority stake in digital asset manager Forteus today as it explores the potential of offering tokenised funds to investors.
Ministers urged to overhaul regulatory red tape to boost London’s markets July 19, 2022 Ministers are being urged to push through a number of reforms to the UK’s capital markets to allow listed firms to raise fast and cheap cash in London, after a major review of the secondary market regime was published today.
Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
Darktrace hikes profit margin forecast on bumper customer growth July 19, 2022 Cybersecurity giant Darktrace hiked its full-year profit margin forecast to 19.5 per cent today as it said it expected a surge in revenues to $417m for the year to June.
Wise reports jump in revenues as transactions hit £24.4bn July 19, 2022 UK fintech firm Wise said revenues had jumped to £185.9m in the first quarter of the year after a surge in transactions on its platform in the three months to June.
Exclusive: UK fintech funding bucks global slowdown to hit £7.6bn July 19, 2022 Investment into the UK’s fintech sector has jumped ahead of 2021 levels this year despite recessionary fears beginning to drag on funding in the second quarter, new figures have revealed.
Watchdog told of 650 covid breaches by senior City staff July 19, 2022 The UK’s top financial watchdog was notified of nearly 650 covid breaches by the City’s top brass during the pandemic as well as over 100 counts of bullying and racism, new figures have revealed.
Stricter ESG rules needed to stamp out greenwashing, City minister warns July 18, 2022 Sustainable investing needs stricter standards in place or greenwashing will continue to rise, the newly appointed City minister warned today.
Atom Bank set for first year of profit after three quarters in the black July 18, 2022 Digital lender Atom Bank is on track to post its first full year of profits after revealing today it had spent three quarters in the black in the full year to March. The Durham-based bank, founded by chief executive Mark Mullen in 2014, notched underlying pre-tax losses for the year of £2m, a £34m improvement [...]
Deliveroo slashes sales forecast as cost of living bites July 18, 2022 Deliveroo slashed its sales forecasts today as it predicted the rising cost of living would lead to a slowdown in consumer spending this year.
