Man Capital buys new Major League Soccer franchise in San Diego for record £400m May 18, 2023 London-based Man Capital has been confirmed as the owner of a new San Diego franchise in Major League Soccer after agreeing a record deal with US football chiefs. The family office of Egyptian billionaire Mohamed Mansour, the Conservative Party senior treasurer, is understood to have paid around $500m (£402m) for the team, who will begin [...]
‘We need to make equities sexy’: Aquis chief Alasdair Haynes talks taking on the London Stock Exchange and boosting the City May 18, 2023 Aquis chief Alasdair Haynes tells Charlie Conchie that 'competitive tension' with the London Stock Exchange would be a good thing for the Square Mile
‘We know this has been painful’: Scottish Mortgage board defends strategy after bruising year May 17, 2023 Bosses at Bailie Gifford’s Scottish Mortgage Board Investment Trust admitted the last year had been “painful” today after a 33 per cent plunge in the value of its shares over the 12 months to March.
Give bosses a pay boost to attract top talent to the UK, says City minister May 16, 2023 The City minister has thrown his weight behind efforts to boost the pay packets of the country’s top bosses today as a debate around pay in the City gathers steam. The compensation of executives at the UK’s top listed firms has been a topic of hot debate in recent weeks as regulators and officials look [...]
Why university spinouts are a battleground in the government’s ‘science and tech superpower’ plans May 16, 2023 Top tech investors and policymakers are looking to boost the flow of cash into a new wave of start-ups coming out of British universities, as ministers lean on the private sector to turn the UK into a “tech and science superpower”. Universities have long been viewed as fertile breeding grounds for tech start-ups by private [...]
Canada grandees lay out vision for UK markets after bruising few months May 15, 2023 A group of Canada grandees are drawing up a “new market model” for the UK’s capital markets after a bruising few months in which the capital has been rocked by negative headlines and a slew of firms heading towards New York.
George Osborne to chair Italian investment firm Lingotto May 15, 2023 Lingotto Investment Management, backed by Italy's Agnelli family, has hired former Chancellor George Osborne and veteran fund manager James Anderson, the firm revealed on Monday.
London pension fintech Smart gears up for deals after $95m funding injection May 15, 2023 London-based pensions fintech firm Smart said it was gearing up for a flurry of dealmaking today as it bagged a $95m funding round from a host of big name backers including New York based outfit Aquiline.
M&G calls bosses back into the office – and they can’t be TWaTs about it May 14, 2023 Investment firm M&G has called on its managers to get back in the office for three days a week in a bid to boost the morale and development of its junior staff - but they won't be allowed to simply swan in on Tuesdays, Wednesdays and Thursdays.
Crypto venture capital backing tumbles again as market ‘winter’ spooks investors May 12, 2023 The amount of cash invested into crypto companies globally tumbled sharply again in the first quarter of the year as investors continue to flee the market amid a deep ‘crypto winter’, new data has revealed.
