Sunak piles pressure on private sector to invest in war-torn Ukraine economy June 19, 2023 The Prime Minister Rishi Sunak is set to pile pressure on UK firms to invest in the Ukrainian war effort this week as Kyiv mounts its own charm offensive on the private sector globally.
F1 star Bottas among big name investors to back wine investment firm Cult Wines June 19, 2023 F1 driver Valtteri Bottas and the former chair of Moet-Hennessy are among the names to have backed a fresh £1.7m funding injection in wine investment firm Cult Wines, the firm announced today. Cult Wines, founded in London in 2007, announced today the seed fundraising round was led by Christophe Navarre, the former Moet-Hennessy chief and chairman [...]
Exclusive: Home REIT shareholder calls for FCA probe into ‘misleading’ statements June 19, 2023 The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City PM can reveal.
London investors failing to ‘step up’ in fight for IPOs, says WE Soda chief June 18, 2023 The boss of WE Soda has taken aim at the “commitment” of London and European investors today after the soda ash maker ditched its listing plans last week due to the meagre valuation mooted by the market.
Could private equity be low-cost air travel’s unlikely saviour? June 15, 2023 Air fares for passengers in Europe have spiked 23 per cent over the last year, propelled by lack of competitiveness in the sector and issues regarding the supply of new aircraft from major manufacturers Boeing and Airbus. In what were well-publicised comments at the time, budget airline Ryanair’s CEO Michael O’Leary proclaimed in August that [...]
‘US investors back themselves’: Why WE Soda will be heading to New York after snubbing London June 15, 2023 London was dealt a fresh blow yesterday when soda ash firm WE Soda revealed it had scrapped its plans to float in London just one week after making the announcement.
Odey Asset Management set to be broken up in the wake of sexual assault allegations June 15, 2023 Beleaguered hedge fund Odey Asset Management is set to be broken up after being hit by an exodus of investors in the wake of sexual assault allegations against its founder Crispin Odey.
Revolut hit with 40 per cent valuation write down amid banking licence woes June 15, 2023 Revolut’s value has plunged by nearly 40 per cent over the past year as it struggles to win a banking licence and fails to provide full “visibility” on its accounts, according to a major investor in the firm. London-based Revolut, run by Russian-British founder Nik Storonsky, bagged a $33bn valuation at the peak of the [...]
Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
MPs quiz City watchdog over handling of Crispin Odey claims June 14, 2023 A group of MPs has called for the Financial Conduct Authority to reveal the depths of its previous probes into Crispin Odey today as the scandal surrounding the financier deepens this week.
