EU set to overhaul listing rules as competition for tech IPOs intensifies July 5, 2022 The European Union is looking to overhaul listing rules to allow founders to retain more control after going public, in a bid to tempt more tech firms into floating in the bloc.
Saga on track for profits as pandemic recovery continues July 5, 2022 Over-50s specialist Saga said it was on track to return to profits today as it continues its recovery from a pandemic slump.
Exclusive: ‘Veganuary’ founder launches new £30m vegan venture fund July 5, 2022 The co-founder of the ‘Veganuary’ initiative has launched a new £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products.
Young’s reports bumper sales but cost of living slowdown looms July 5, 2022 Young’s Brewery chair Stephen Goodyear said the firm had made a bumper start to the new financial year today but warned that a looming cost of living crunch could temper sales growth in the months to come. At the firm’s annual general meeting today, Stephen Goodyear, Chairman of Young’s, is set to tell shareholders that [...]
Exclusive: ‘Government must give clarity on Venture Capital Trusts’ or risk jeopardising start-up growth, says industry chief July 5, 2022 The government risks jeopardising funding for early-stage UK startups if it fails to provide clarity on the future of the venture capital trust (VCT) regime, an industry chief has warned today.
Augmentum Fintech pulls back on fresh investment as ‘price correction’ looms July 4, 2022 Fintech venture vehicle Augmentum reported a “strong performance” in its portfolio last year but said it had pulled back on fresh investments in the past six months amid a rout in global tech firms.
Greenwashing creates ‘false confidence’ in climate fight, environment chief warns July 4, 2022 Rampant greenwashing is creating a "false confidence" in the fight against climate change and threatening to to derail efforts to hit net zero targets, the chief of the UK’s environment agency will warn today.
Manufacturing Technology Centre rolls out four day week after trial boosts productivity July 4, 2022 Coventry-based firm the Manufacturing Technology Centre has rolled out a four day working week for staff after a trial period was found to have boosted productivity. The organisation, which aims to build technologies developed in academia, said that after conducting a two-year trial of flexible working with more than 600 of its staff, it would [...]
Tesco kicks off £150m share buyback programme July 4, 2022 Tesco announced today it will kick off a £150m share buyback programme as bosses look to put excess cash back in shareholders' pockets.
‘Principle driven’ approach is slowing down regulators, Revolut boss says June 30, 2022 The boss of fintech giant Revolut said UK regulators were bogged down by a “principle driven” approach today as he called for a stricter “rules-based” model to be adopted by watchdogs. Speaking at the CityUK summit today, Nikolay Storonsky said the firm had chosen to set up shop in the UK in 2015 due to [...]
