Reform London’s capital markets or jeopardise global status, review chief warns July 25, 2022 London is at risk of losing its status as a premier global stock market if it does not act fast to reform rules, the author of a review into London’s capital markets has warned.
Week ahead: Banks to report amid high inflation and interest rate fears July 25, 2022 Customer behaviour and cost control are set to be top of the in-tray for the major banks as they update investors over the next week. Barclays, Lloyds and NatWest are all set to update the markets in a bumper week for the sector. Although priorities will vary slightly, there will be significant focus on whether [...]
Barclays takes stake in crypto firm Copper July 24, 2022 Barclays is snapping up a stake in the crypto firm advised by former chancellor Lord Hammond in a fresh funding round, according to reports today.
Exclusive: UK financial dealmaking slumps in value as recessionary fears take hold July 21, 2022 The volume of deals in the UK’s financial services sector rose to a seven-year high in the first half of the year but a looming recession and economic uncertainty caused the value of transactions to plunge, new figures have revealed.
Joules: Margins continue to be under pressure as shoppers seek out sale items July 19, 2022 Prestige retailer Joules has said discount-hungry consumers have intensified pressures on margins while expecting yearly profit to surpass expectations. The clothing and lifestyle brand admitted gross margins had “remained under significant pressure” after “consumer appetite” was focused on marked down products. Shoppers have been hunting for reductions amid monster hikes in energy and fuel bills, [...]
War for talent swells new starter City pay packets July 18, 2022 Pay packets in the Square Mile are bulging as banks, insurers and brokers try to outbid each other to lure top talent amid a tight jobs market, reveals a new survey released today. Finance workers that switch employers received an average 25 per cent pay bump in the three months to June, according to recruiter [...]
Binance’s Yi He: “My talent has always been trying to challenge myself” July 15, 2022 In a rare interview, Crypto AM meets Yi He - the Binance co-founder who likes to keep out of the spotlight but wants to push CEO CZ to be more public.
Solar tech specialist Naked Energy targets £10m funding round to power Stateside dreams July 14, 2022 Naked Energy has opened its Series B funding round - targeting £10m-plus to fund its Stateside expansion plans and to fund its products.
Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market July 14, 2022 Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset management market, according to reports today.
City frets over steeper Bank of England rate rise after GDP boost in May July 13, 2022 A better than expected assessment of the UK economy was not enough to push London’s top indexes higher today. The capital’s premier FTSE 100 index dropped 0.74 per cent to 7,156.37 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.76 per cent to [...]