Crypto venture capital backing tumbles again as market ‘winter’ spooks investors May 12, 2023 The amount of cash invested into crypto companies globally tumbled sharply again in the first quarter of the year as investors continue to flee the market amid a deep ‘crypto winter’, new data has revealed.
Schroders boss: Asset management must ‘come to the party and embrace risk’ to revive London markets May 12, 2023 The asset management sector needs to “come to the party” and “embrace risk” in order to revive London’s floundering status as an international financial centre, the chief of Schroders said today, in a rallying cry for sweeping change in the City.
THG shares tumble after bosses shut down Apollo takeover talks May 12, 2023 Retail group THG has shut down takeover talks with Apollo after its board deemed the US buyout giant had tabled “inadequate valuations” for the firm.
Revolut finance chief quits for ‘personal reasons’ May 11, 2023 The finance chief of Revolut has quit the firm, he announced today, adding to the woes of the company as it struggles to earn a UK banking licence.
Softbank’s Vision Funds book record £31bn loss – but Alibaba sale helps cushion the blow May 11, 2023 Japanese investment giant Softbank continued to shed cash from its storied Vision Funds in the three months to March even as a slew of asset sales and tech rebound helped narrow losses across the firm.
Home REIT bidder slams ‘lack of engagement’ as deal deadline looms May 11, 2023 The potential bidder for beleaguered social housing investor Home REIT has slammed a “lack of engagement” from the firm as it called for a further extension to a deadline for any potential takeover.
Man Group: London Hedge fund chief to retire with president set to take the reins May 11, 2023 The boss of London hedge fund firm Man Group, Luke Ellis, has announced he will step down later this year when the firm’s chief operating officer will step into the top role.
‘I’m sick of the UK bashing – it’s an incredible place to start a business’ – why PrimaryBid chief Anand Sambasivan is still bullish on London May 11, 2023 The chief of fintech PrimaryBid tells Charlie Conchie why he's bullish on London's prospects despite a capital markets downturn
Liontrust faces battle with GAM investors over ‘unfair’ £96m takeover swoop May 10, 2023 London-listed fund manager Liontrust is facing a battle with a group of GAM shareholders and a potential challenge from regulators after it swooped to takeover the Zurich-based asset manager last week.
Abrdn braced for AGM climate protests over ‘toxic bond’ ties to beleaguered Adani Group May 10, 2023 Asset manager Abrdn is set to face disruption at its annual general meeting today as climate protestors take aim at its provision of debt financing to what they call “fossil fuel expansionists”.