More bad news for London’s AIM: Secondary funding tanks by a third September 25, 2024 Secondary funding on London’s Alternative Investment Market (AIM) has dropped 33 per cent in the last year alone, as more bad news piles on the junior market. While IPOs have dried up on AIM, secondary funding hasn’t fared much better: Only £1.2bn was brought in through secondary fundraisings over the last year to 31 August, [...]
Regulator confirms U-turn on maximum amount banks must refund fraud victims September 25, 2024 The UK’s payments regulator has confirmed an last-minute U-turn on the maximum amount banks and fintechs will have to reimburse fraud victims under a new regime, after heavy industry lobbying and pressure from ministers.
Schroders launches first ‘retail’ LTAF with private equity focus September 25, 2024 Schroders has launched the UK’s first ever retail-focused Long-Term Asset Fund (LTAF), as the investment vehicle finally starts to become available to the wider market. The LTAF, which will be available to wealth managers with retail clients, is the first LTAF Schroders has launched not targeted at pension schemes, charities, or institutional investors. James Lowe, [...]
Bank’s Megan Greene calls for ‘steady-as-she goes’ approach to cutting interest rates September 25, 2024 Megan Greene, one of the Monetary Policy Committee's (MPC) more hawkish members, said a "gradual approach" to lowering borrowing costs was "appropriate" given the balance of risks facing the economy.
Asos to cut 200 jobs at head office as it battles cheaper fast fashion rivals September 25, 2024 Asos is planning to chop 200 roles from its head office as it looks to restructure its business in the face of mounting difficulties post-pandemic due to intense competition from cheaper rivals, according to reports. Asos said that current set-up was “no longer suitable for today’s business priorities and context… We need to move faster [...]
Unions vote to condemn government’s winter fuel payments cuts September 25, 2024 Unions have voted to condemn the government’s decision to means test pensioners’ winter fuel payments, in a blow to No10 as the Labour conference came to a close. A non-binding motion brought by Unite and the Communication Workers Union (CWU) was backed by delegates in a vote on Wednesday morning in the main hall in [...]
Sainsbury’s to sell ATM machines after exiting core banking business September 25, 2024 Sainsbury’s has agreed to sell its ATM machines to operator Notemachine three months after offloading most of its banking business to Natwest.
Prime property in London ticks down amid Starmer ‘plans to penalise wealth’ September 25, 2024 Demand for prime property ticked down in the third quarter of the year as buyers returned to ‘wait-and-see’ mode ahead of the Autumn budget. The prime property market has been up and down this year; buyers held back ahead of the July election but returned to the market over summer. Now they nervously await potential [...]
Sick Brits to be helped back to work by ‘crack teams’ of doctors, Streeting says September 25, 2024 Sick Brits are set to be helped “back to health and back to work” by “crack teams of top clinicians”, Wes Streeting has announced in a bid to tackle rising economic inactivity. The health secretary today pledged reforms created by surgeons would be rolled out in hospitals across the UK “to treat more patients and [...]
Funding Circle co-founder to step down from lender’s board September 25, 2024 The co-founder and former chief executive of small business lender Funding Circle has said he will step down from the company's board next month.
