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 [...]
‘ESG inflation’ running rampant, FCA director warns June 30, 2022 The ESG chief of the UK’s top financial watchdog said that “ESG inflation” was running rampant today as the regulator looks to clamp down on the use of the label in investment data and ratings.
Dealmakers ready to reignite M&A push this year, survey finds June 30, 2022 Dealmakers have signalled they are ready to shake off market jitters and restart a deals push in the next 12 months, after rampant inflation put a stop to last year’s deals frenzy, a new survey has found.
Chrysalis shares plunge amid tech sell-off frenzy June 30, 2022 Asset manager Chrysalis saw its share price plunge in the first half of the year after its tech heavy portfolio was battered by soaring inflation and a sharp fall in valuations.
UK financial services roars back after pandemic slowdown June 30, 2022 The UK’s financial and professional services sector roared back to growth last year after a pandemic induced contraction in 2020, a new report has revealed.
