Kroo kicks off £70m fundraise as it targets profitability September 11, 2023 Digital bank Kroo is looking to raise a fresh round of cash from investors as it targets a swing to profit in the coming months, the firm announced today.
Baroness Morrissey: Give twice as many new funds to female managers September 11, 2023 Money managers in the city are under fire for a lacklustre record on gender equality today after a new report found progress in hiring female fund chiefs has stalled. Former chair of AJ Bell, Baroness Morrissey, has today urged firms to shift female representation up the agenda after a new report found that just 12.1 [...]
Qatari’s £4bn climate tech plans shows UK’s appeal – but there’s more to do, think tank warns September 11, 2023 A £4bn Qatari splurge on UK climate tech could boost the UK’s green ambitions, but Sunak must get the policy right, a think tank has warned.
Firms must up pension payments to defuse ticking ‘time bomb’, City veteran warns September 10, 2023 A “pensions time bomb” is set to explode in the UK if firms do not ramp up their contributions to pension pots, a top investor has warned.
Blackrock rejected Glencore green plans despite chief’s pull away from ESG September 10, 2023 Blackrock has slammed “inconsistencies” in the climate policy of mining giant Glencore and voted against the firm’s green strategy at its annual general meeting earlier this year, according to new filings.
Friend or foe? Why short sellers are in the headlines again September 9, 2023 Short sellers can call out fraud and malfeasance but many want a firmer regulatory watch over their activities
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
City PM opens the London Stock Exchange September 6, 2023 Speaking at Paternoster Square, City PM founder and managing director Lawson Muncaster said the morning was "a real sign of the progress we've made since the pandemic".
Want pension cash in the stock market? Then back my reforms, says research review chief September 6, 2023 Calls have been growing for more pension cash to flow into UK listed firms, after two decades of sharp de-equitisation in which pension cash has fled the market.
Land of milk and honey? Why New York may not be a panacea for UK firms September 6, 2023 When second-hand car platform Cazoo announced a shift onto the public markets in 2021, it looked from most angles to be a true-blue British success story. Just three years after its foundation, this Amazon of old cars would debut on the stock market and pocket its founder Alex Chesterman the multi-million dollar payday most entrepreneurs dream of. [...]
