Investment banks search for any port in a storm amid City’s dealmaking slump Investment A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
London Stock Exchange hit by double outage, small cap trading paralysed Stocks The London Stock Exchange has resolved an outage that disrupted trading in a large number of smaller stocks for at least 30 minutes on Tuesday morning - the third issue of its kind since October.
Barclays shares drop after Qatar slashes stake Banking Shares in Barclays fell as much as 4.5 per cent in London on Tuesday morning after Qatar's sovereign wealth fund cut its stake in the bank by half.
Premier Milton blames ‘weakening’ UK investment sector for plunge in profits December 5, 2023 Asset manager Premier Milton's profits fell by more than a third in the year ending 30 September as the Square Mile suffers from a drop-off in dealmaking.
Peel Hunt ready for the rebound, boss says as firm slips to small loss December 5, 2023 Investment bank Peel Hunt has swung to a pretax loss as a prolonged period of subdued capital markets activity continues to take its toll.
Saudi-owned Champions League, obesity crisis and EU wealth tax: Danish bank’s ‘outrageous’ 2024 predictions December 5, 2023 Saxo Bank has published the latest in an annual series of "outrageous predictions" for next year, including a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two per cent EU wealth tax.
Just 100,000 Brits pay a quarter of all income and capital gains tax December 4, 2023 Britain’s top 100,000 taxpayers paid almost a quarter (24 per cent) of all income and capital gains tax in 2021/22, despite making up just 0.3 per cent of taxpayers, according to data obtained by retail investment group Wealth Club.
Oxford Biomedica inks deal to provide ‘footprint’ in EU market December 4, 2023 Gene and cell therapy firm Oxford Biomedica has reached a deal with Institut Mérieux to acquire ABL Europe in exchange for a 3.3 per cent stake in the London-listed company as it looks to ramp-up manufacturing.
Why are small firms at a disadvantage for funding? December 4, 2023 SMEs continue to face funding difficulties, with research suggesting a large number of small businesses have never secured external funding.
Starling bets on tech to boost growth as much-anticipated IPO looms December 4, 2023 Starling Bank hopes to make technology an "increasingly significant part" of its business model as it ramps-up international expansion ahead of an IPO, the chief of the group's software-as-a-service (SaaS) business has told City A.M.
