London’s litigation financiers primed to profit on global downturn, Therium chief says Legal sector London’s litigation funders are in a prime position to capitalise on the global economic downturn, the founder of one the UK’s top lawsuit financiers told City A.M. The economic slump threatens to stretch in-house legal budgets and drive an uptick in legal battles, Therium founder Neil Purslow said, which could force companies and litigants turn [...]
RBG Holdings shares plummet after professional services firm fires chief executive professional services Shares in RBG Holdings today plummeted by more than nine per cent after the troubled professional services group said it had fired its chief executive. The AIM-listed professional services conglomerate said in a statement that its board has “lost confidence” in chief executive Nicola Foulston as it stated her “employment contract has been terminated with [...]
Gateley chief says truce in legal sector pay war will boost firm’s expansion plans Law firms An easing of the pay war between law firms has already begun to benefit Gateley’s balance sheet as the listed law firm’s chief executive outlined his expansion plans to City A.M. Gateley boss Rod Waldie said the “whole sector is benefiting” from the calming of the legal sector pay war that has seen lawyers’ salaries [...]
Ince settles former executives’ claims with £15,000 payouts each September 28, 2022 Ince has paid two of its former executives £15,000 each to settle a series of cases arising from the listed law firm’s decision to remove them from their posts. The maritime specialist law firm, which is listed on London’s AIM, said it has paid former chief executive Adrian Biles, and former finance chief, John Biles [...]
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Essex fire extinguisher seller seeks to raise £3m on London’s AIM June 14, 2022 A British fire safety company, that first started selling its product on Amazon, is seeking to raise £3m by listing on London’s AIM. Essex-based fire safety firm Lifesafe Technologies is planning to float on London’s alternative market after it first began selling its “5-in-1” fire extinguisher on Amazon in August 2021. The company’s lightweight fire [...]
Exclusive: Real estate and crypto top list of UK investors’ alternative asset picks September 9, 2021 In the current climate of low interest rates and high valuations, UK investors are looking for new ways to get returns in less liquid areas that are relatively cushioned from yo-yoing equity and bond markets. This mood music has pushed almost half (43 per cent) of UK investors to consider alternative assets to make their [...]
Surging DeFi adoption driven by experienced traders August 24, 2021 New data from Chainalysis has revealed that DeFi adoption is being driven by experienced traders looking for new high value opportunities. The company’s Global DeFi Adoption Index found that high-income countries were leading the way for grassroots DeFi adoption. The US topped the index with China and the UK also making it into the top [...]
Pandemic crackdown: Serious Fraud Office reports hit highest level in four years July 6, 2021 The number of fraud reports made to the Serious Fraud Office jumped to its highest level in four years during the pandemic. Fraud reports increased to 998 in the twelve months up to the end of March, a 13 per cent increase from last year’s 882 reports, according to Confirmation, part of Thomas Reuters. The [...]
Will ESG turn Bitcoin into a digital ‘stranded asset’ or monetary MySpace? (Part II) April 13, 2021 | City Talk In this second instalment of a two-part piece, Ben Ashby, Derek Usher and Gerard Fox explain why environmental, social and governance (ESG) factors will undermine Bitcoin’s eye-catching rise, here focusing on the ‘S’ and ‘G’. We at Good Governance Capital (GGC) are enormously enthusiastic and supportive of innovation and competition in finance. As former mainstream [...]