Wise co-founder Taavet Hinrikus launches €250m venture platform Plural June 28, 2022 The co-founder of London listed fintech giant Wise has launched a new €250m venture platform today alongside a host of tech entrepreneurs, as they look to spur growth among early stage tech firms across Europe.
Jupiter boss Andrew Formica to step down after ‘extremely challenging’ period June 28, 2022 The boss of Jupiter Fund Management Andrew Formica has announced he will retire as CEO later this year after a turbulent period at the helm of the London-listed investor. Formica, who joined the firm from Janus Henderson in 2019, will step down as chief executive and director on 1 October and hand over the reins to [...]
Wise profit leaps as news of fintech chief’s FCA tax probe settles June 28, 2022 Fintech giant Wise today revealed profits hit £371.9m last year on the back of a surge in revenues and customer growth. The London-listed fintech said gross profit rose 43 per cent on 2021 levels while revenues topped £559.9m, up a third on last year. Customer numbers meanwhile hit 4.6m in the last quarter of 2022 [...]
The lack of board diversity is deterring investors as the gender gap could take 100 years to close June 27, 2022 A lack of diversity in Europe’s top financial services boardrooms is deterring investors from backing firms, new research has revealed.
Withdrawing investor tax breaks could choke off start-up investment, VC bodies warn MPs June 27, 2022 Venture capital bodies have today warned MPs that the withdrawal of tax incentives for investors could choke off the flow of capital into UK start-ups and restrict the growth of the country's tech sector.
Polar Capital sees profits plunge amid market turbulence June 27, 2022 London asset manager Polar Capital reported a plunge in profits today after market turbulence saw its performance fees fall nearly 80 per cent.
Martin Gilbert calls on City to champion older workers June 27, 2022 Asset management veteran Martin Gilbert has called on City firms to champion older workers amid a slide in the amount of over-55s working in UK.
CareTech set for £870m takeover by co-founders June 27, 2022 Social care provider CareTech is set to be taken private in an £870m deal spearheaded by its co-founders, the brothers Haroon and Farouq Sheikh. AIM-listed CareTech, which provides residential care to children, young people and adults, said today it had agreed to a deal by Amalfi Bidco that will see shareholders pocket 750p per share. [...]
Centrica withdraws from Bulb auction as bidding deadline approaches June 26, 2022 British Gas owner Centrica has withdrawn from the auction to snap up collapsed energy provider Bulb in a blow to government’s efforts to find a buyer for the firm.
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
