Fund managers double down on defensive positions as inflation soars May 22, 2022 Investors are boosting cash holdings and piling into real estate this year as they look to stave off the worst impacts of soaring inflation and market volatility sparked by Russia’s invasion of Ukraine.
Weekend exclusive: Despite record fine of £160m for JPMorgan, City managers still have WhatsApp ‘blind spot’ May 22, 2022 The majority of financial institutions fail to monitor their employee’s WhatsApp conversations, according to new research shared exclusively with Morning Wire today. A new poll of almost 100 City players, including investment banks, brokers, and investment managers, found that just 14 per cent actively carry out effective supervision or surveillance over the world’s most popular [...]
‘Live by the sword, die by the sword’: Chinese plot to take control of Congolese lithium mine could crash Australian firm’s shares May 20, 2022 A plot by a coalition of powerful Chinese battery manufacturers, to take control of the world’s biggest lithium mine, threatens to crash the share price of Australian miner AVZ Minerals, a mysterious short seller has said. AVZ Minerals could lose control over the Manano lithium mine in the Democratic Republic of Congo (DRC) and be [...]
FCA gives greenlight to River and Mercantile takeover by Gilbert’s AssetCo May 19, 2022 The FCA has given the greenlight today to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.
Invest more to help ease cost of living crunch, Sunak tells business chiefs May 19, 2022 The chancellor Rishi Sunak has called on businesses to ramp up investment in training and innovation to help alleviate a cost of living squeeze, in a speech to the country’s top business chiefs last night.
Activist shareholder group slams $68tn climate initiative for ‘lack of ambition and progress’ May 19, 2022 Activist shareholder group ShareAction has slammed the world’s largest climate investor initiative today claiming it has “failed to deliver any meaningful progress” on reducing corporate emissions.
London-based Lightrock looks to fuel Latin American growth with new $300m fund May 18, 2022 London private equity firm Lightrock unveiled a fresh $300m Latin America fund today as it looks to spur growth in ‘purpose-driven’ entrepreneurs across the region.
Ninety One reports record profits after £5bn inflows May 18, 2022 London-listed asset manager Ninety One reported record profits today after notching up £5bn inflows in the past year, despite a slowdown in the final quarter sparked by soaring inflation and war in Ukraine.
Morgan Stanley throws weight behind Thought Machine in $160m funding round May 18, 2022 Morgan Stanley has thrown its weight behind London fintech Thought Machine in a $160m funding round announced today, as the London-based cloud banking firm gears up for international expansion.
Crypto tokens and crypto coins: what drives performance? May 18, 2022 | City Talk Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: both talent and money are flooding into the digital currency market. Almost every day brings a fresh announcement about software developers from Google or financiers from JPMorgan joining crypto start-ups. Indeed, while the total market [...]