London markets ‘completely throttled’ by regulation, says former exchange chief November 8, 2022 The UK’s equity market has been “taxed to death” and “completely throttled” by fiscal policies and regulation, the former chief of the London Stock Exchange Group has claimed, as he warned the Capital was in danger of losing its status as a global financial services hub.
Evelyn Partners assets tumble £4bn amid market volatility November 7, 2022 Wealth manager and financial services group Evelyn Partners reported a slump in its assets to £52bn today as it became the latest money manager to reveal the damage wreaked by market volatility in the third quarter of the year.
UK short positions fall as investors pile into bets against consumer firms November 7, 2022 The total number of short positions in UK companies slid in October as investors piled into bets against consumer firms across Europe amid a squeeze on shoppers’ spending power, new data has revealed.
London’s investor pool too shallow to tempt growing firms, say top chairs November 7, 2022 Chairs at some of London’s top firms have slammed a dearth of investors in London and cast doubt on the appeal of the Capital as a hub for growing firms, in a new report surveying the City’s top executives.
Exclusive: FCA threatens buy-now pay-later firms with jail time using financial promotion ‘loophole’ November 7, 2022 The City watchdog has written to buy-now pay-later chiefs warning they could face up to two years in jail if they fail to fall in line with financial promotion rules, as it uses a “loophole” to clampdown on the products despite not directly regulating them, Morning Wire can reveal.
UK private equity deals slump as firms hold out for bargains November 7, 2022 The number of private equity deals closed in the UK has slumped 20 per cent in the past year as firms sit on cash reserves in anticipation of tumbling valuations, according to new research.
Top investors call on government to boost female climate fight as Cop27 begins November 7, 2022 A group of top investors including Aviva and Legal & General Investment Management have called on governments to ramp up climate action today by enshrining the role of women within the fight against climate change.
Global food prices drop to lowest levels since invasion of Ukraine November 5, 2022 Global food prices have fallen to their lowest levels since Russia’s invasion of Ukraine, UN data shows. Food prices have fallen back down to levels last seen at the start of 2022, before Russia’s February invasion of the breadbasket of Europe caused food prices to surge, data from the United Nation’s Food and Agriculture Organization [...]
Exclusive: Brexit bites into London’s FX trading as Singapore and New York seize City’s derivatives share November 5, 2022 London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit. According to new findings shared exclusively with Morning Wire today, a study by the Bank of International Settlements (BIS) found that while the UK remains the leading hub for currencies and interest rate derivatives trading, [...]
Deloitte rejigs half of UK top team to nurture ‘next generation’ November 3, 2022 Deloitte has axed half its UK top team in an unexpected leadership overhaul today as it looks to nurture younger executives to take over from chief executive Richard Houston in 2027.