Molten Ventures poised to slash investment by half after profits jump to £301m June 13, 2022 London-listed venture capital firm Molten Ventures reported a surge in the value of its portfolio in the last 12 months but warned today it was braced for a slowdown in the year ahead as inflation begins to bite.
London retains crown as Europe’s top city for foreign financial services investment June 13, 2022 London has retained its crown as Europe’s most attractive city for foreign financial services investment as investors shrug off Brexit concerns and continue to pump cash into the capital, a new survey has revealed.
UK tech investment hits £12.4bn as private firms buck volatility June 12, 2022 The amount of cash pumped into British tech firms surged beyond that of China in the first five months of the year as private British tech firms bucked the volatility that has rocked publicly listed tech stocks.
HSBC could be in line for £22bn boost from break-up, researchers claim June 12, 2022 HSBC is missing out on £22bn of shareholder returns by not spinning off its Asian operation as a separate business, according to new research commissioned by the major investor pushing for a breakup of the bank.
Klarna boss questions Apple competitive practices after buy-now pay-later move June 12, 2022 The boss of fintech giant Klarna has questioned the competitive practices of Apple after the tech behemoth announced it would push into the buy-now pay-later space this week.
Weekend read: The SPAC bubble is bursting, argues Syz Bank’s investment chief June 11, 2022 With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception. As a reminder, a SPAC, or Special Purpose Acquisition Company, is a company with no operational activity – an empty shell – that raises funds on the stock market with the sole objective of making an acquisition or acquisitions. [...]
Terry Smith’s buy-and-hold investment fund ditches stake in Starbucks June 10, 2022 Terry Smith’s flagship investment fund has ditched its stake in Starbucks, after the firm picked up a stake in the Seattle firm after its share price dropped at the start of the pandemic. The buy-and-hold investment fund, started by the star fund manager nicknamed “the English Warren Buffett,” has now sold off its stake [...]
Private healthcare giant Mediclinic rejects £3.4bn offer from consortium June 9, 2022 Private hospital operator Mediclinic has rejected a £3.4bn takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. In an update on the London Stock Exchange, the Mediclinic board confirmed that it received an unsolicited and conditional proposal from a consortium on 26 May 2022. The consortium consisted of South African investment firm [...]
Apollo and Reliance Industries join forces to make binding bid of up to £6bn for chemist Boots June 9, 2022 Private equity firm Apollo and Indian conglomerate Reliance Industries have made a binding bid for high street chemist Boots, it has been reported. According to the Financial Times, the offer values the company at between £5bn and £6bn, two sources familiar with the deal told the newspaper. US owner Walgreens Boots Alliance had been looking [...]
Moscow will cover Russian oil tankers hit by UK and EU insurance ban, Putin ally says June 8, 2022 Vladimir Putin’s right-hand man has said Moscow will cover Russian oil tankers to ensure they are able to continue making deliveries, if they are unable to get insurance due to Western sanctions. Speaking via messenger platform Telegram, former Russian president and key Putin ally Dmitry Medvedev said the Kremlin will cover uninsured ships, through assurances [...]