London AI firm Quantexa becomes first ‘unicorn’ of 2023 after $129m funding boost April 4, 2023 London-based artificial intelligence (AI) start-up Quantexa has become the first new British ‘unicorn’ of the year today after closing a $129m funding round at a valuation of $1.8bn.
‘Never a better time to expand’: Kids’ finance firm GoHenry snapped up by saving app Acorns April 3, 2023 British kids finance firm GoHenry has been snapped up by US investing app Acorns in a deal which will see its financial education tools rolled out to millions of new customers in the US.
Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.
Former Quilter boss Paul Feeney joins Skerritts to lead acquisition push April 3, 2023 The former boss of FTSE250 investor Quilter has been appointed chief executive of Brighton-based wealth manager Skerritts as it looks to ramp up its growth following a flurry of acquisitions in the past two years.
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]
Can the government’s green finance plans really get investment flowing? March 31, 2023 The government’s delayed plans to boost investment into the country’s net zero transition have divided opinion in the City today, with campaign groups and firms warring over whether the plans go far enough in their scale and ambition. Among the measures announced are a number of reviews and policy consultations designed to kick on the [...]
Rolls Royce shake up: BP exec appointed CFO as part of transformation programme March 31, 2023 Engineering giant Rolls-Royce has appointed BP exec Helen McCabe as its new finance chief as part of a “transformation programme” which was launched by chief executive Tufan Erginbilgic back in February. In a statement Rolls Royce Helen McCabe, currently senior vice president for finance in the customer and products division at BP, will be joining [...]
How backing solar farms and forests got Gresham House profits growing March 30, 2023 Big bets on solar, property and forests have got profits growing at alternative asset manager Gresham House as the London-listed investor revealed a 35 per cent surge in earnings in the past year.
FCA boss pledges to review listing rules to avoid another Arm snub March 29, 2023 The chief of the Financial Conduct Authority has pledged to review the UK's listing rules after several British firms ditched the City and opted for New York listings.
‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]