London widens lead over New York in green finance rankings October 24, 2024 London has kept its title as the world’s top centre for green finance for a third year, according to an influential think tank, as New York fell further down the rankings.
Building societies demand a say on government’s industrial strategy October 23, 2024 A group of Britain’s biggest building societies and mutuals have demanded a seat on the council shaping the government’s industrial strategy as ministers prepare to unveil a team of executives to oversee the plans. In a letter to business secretary Jonathan Reynolds, seen by City AM, a group of four trade groups including the Association [...]
Government pledge to make UK “top destination for women’s sport investment” October 23, 2024 The government has today pledged to make the United Kingdom a “top destination for women’s sport investment”. Investment minister Poppy Gustafsson, formerly of Darktrace, has launched the Women’s Sport Investment Accelerator scheme to bring together 20 leagues and teams with investors to boost commercial activity in women’s sport. The participating sports include football, cricket, rugby, [...]
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
Microsoft launches AI ‘agents’ to woo investors ahead of earnings October 21, 2024 Microsoft has launched a suite of artificial intelligence-powered ‘agents’ geared towards businesses, as the tech giant continues to build out its suite of AI products in a bid to stay ahead of the competition and woo investors. At its AI Tour event in London on Monday, Microsoft boss Satya Nadella introduced the autonomous agents, which [...]
Lendinvest taps Barclays, HSBC and BNP for £300m financing October 21, 2024 Lendinvest has renewed a £300m financing deal with Barclays, HSBC and France’s BNP Paribas as the property fintech looks to return to profitability. The AIM-listed firm said the revolving warehouse financing agreement, shared equally between the three banks, had been extended for an additional three years on what it called improved terms. LendInvest said the [...]
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
Barclays: Government must do more to to help green finance October 17, 2024 Barclays has urged the UK government to prioritise three core actions to accelerate its transition and green finance efforts. As part of a report released alongside the Transition Finance Market Review, the bank warned that the country’s path to decarbonisation requires urgent policy and regulatory changes. Today’s report urged the importance of a national transition [...]
Labour must iron out the kinks in its industrial strategy October 15, 2024 Labour's draft industrial strategy is a good start, but there are a few tensions that need to be resolved, Chris Dorrell writes
Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears October 14, 2024 Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]