Sir Michael Moritz on triathlon, dangerous investments and Fergie November 26, 2024 Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]
Behind the bid: Dovid Efune’s shot at The Telegraph hangs in the balance November 26, 2024 As he took to the stage in New York to address the Algemeiner Journal’s annual gala last year, Dovid Efune was in a resolute mood. Fewer than two weeks had passed since the October 7 massacre, and the Jewish newspaper’s executive chairman – and owner of the New York Sun – opened his speech with [...]
Very Group: Loss widens at Nadhim Zahawi-led Littlewoods owner November 25, 2024 The Very Group, which is chaired by former Chancellor Nadhim Zahawi, lost more in the first quarter of its new financial year than it did in its last 12 months, it has been revealed. The Liverpool-headquartered group, which is owned by the billionaire Barclay family, has reported a pre-tax loss of £22.9m for the 13 [...]
Barclays fined over ‘reckless’ failure to disclose Qatar links November 25, 2024 The Financial Conduct Authority (FCA) has hit Barclays with a £40m fine today for failing to disclose ties with certain Qatari investors as it scrambled to avert a government bailout during the financial crisis. In a statement today, the City watchdog said the FTSE 100 lender’s conduct through during a capital raise in 2008 was [...]
Barclays and Aviva help raise £250m to support female entrepreneurs November 25, 2024 The Invest in Women Taskforce has secured over £250m from investors, including Barclays, Morgan Stanley and Aviva, to fund the support of female entrepreneurs. The Taskforce was set up to boost investment in female-led companies and improve access to funding for entrepreneurs. The £250m fund, which was announced today, will be deployed via female investment [...]
Shoppers warned to be wary of social media scams this Black Friday November 24, 2024 Fraud is set to reach an all-time high this Black Friday, with online social media scams the most likely place for fraud to occur, according to new data. UK shoppers are expected to spend £9.14bn over the four-day Black Friday weekend – a 4.5 per cent increase on last year, according to Globaldata. But fraud [...]
Gerry Grimstone: ‘Climate change is the best investment opportunity since the Industrial Revolution’ November 14, 2024 Former investment minister and chairman of Gemcorp Capital, Gerry Grimstone, speaks to Eliot Wilson about the transformative potential of net zero and why private capital is indispensable to growth Gerry Grimstone, who turned 75 this summer, is steeped in private enterprise. He was a director of the venerable London investment house Schroders, chairman of Standard [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
The Notebook: Retail investing lessons from some of Britain’s top performers November 12, 2024 Looking to diversify your portfolio? Interactive Investor's Camilla Esmund lays out her no-nonsense guide to retail investing in today's Notebook.
Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.