Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
Abrdn poised to offload private equity arm July 20, 2022 FTSE-100 asset manager Abrdn is poised to offload the division that manages its private equity funds as it looks to simplify its structure, according to reports.
Paypoint posts jump in revenues to £29.9m in first quarter July 20, 2022 PayPoint boss Nick Wiles said the firm was building on “strong momentum” today as the payments firm reported a jump in revenues to £29.9m for the first quarter.
FCA poised to take more ‘proactive’ approach despite capacity strains July 19, 2022 The UK’s top financial watchdog said it was preparing to take a more “proactive” approach to identifying new financial threats today as it races to recruit staff this year to meet its growing remit.
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.
