The era of steady growth and inflation is over, BlackRock warns July 11, 2022 The world’s biggest asset manager BlackRock said today the era of steady growth and inflation was over as it revealed it had slashed its exposure to developed market equities and was bracing for extended period inflation and volatility.
Klarna valuation plummets to $6.7bn in new funding round July 11, 2022 Buy-now pay-later giant Klarna announced its valuation had plunged to $6.7bn after its latest funding round today, down from $45.6bn last year, as it becomes the latest firm to be rocked by a global tech downturn. Klarna, which provides both a consumer credit product and retail banking services in some jurisdictions, said today it had [...]
Climate reporting a ‘burden’ for pension funds but the only way forward, says Opperman July 11, 2022 Newly reappointed pensions minister Guy Opperman said today that new climate reporting measures for pension funds were a “challenge” and “burden” for fund managers but it was clear it was now the only way to clean up investment. Opperman, who resigned and was reappointed to his role last week, said that becoming the first country [...]
Landmark £1bn boost for Francis Crick Institute to strengthen UK’s future as ‘a science superpower’ July 11, 2022 In what is seen as a landmark investment in UK science, several of the UK’s largest health bodies have come together to unveil £1bn in funding for the Francis Crick Institute. The Medical Research Council (MRC), Cancer Research UK (CRUK) and Wellcome said the funding for the biomedical research centre was an investment in helping [...]
London Stock Exchange Group backs new fintech funding review as venture cash dries up July 11, 2022 The London Stock Exchange Group has thrown its weight behind a new review of the fintech funding landscape today as venture cash dries up and valuations plunge in the face of a looming recession.
Software giant Atlassian leaves UK in setback for the City’s tech hopes July 10, 2022 Australian software giant Atlassian is quitting the UK and shifting to the US in a fresh blow to London’s ambitions to establish itself as a global tech hub.
Savings rates still too low to tempt regular investors to move more money into cash July 8, 2022 Regular UK investors believe savings rates are still not high enough to tempt them to move more money into cash. Just 35% say they have put more of their investments into cash accounts since the Bank of England started hiking the base rate in December last year with five increases taking it from 0.1% to [...]
HSBC responsible investment chief quits over climate comments controversy July 7, 2022 The global head of responsible investing at HSBC Asset Management revealed he had resigned today after sparking a furore in May with a speech that played down the risk of climate change and slammed “shrill, partisan” climate warnings.
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Former Skyscanner chief becomes Scotland’s very first chief entrepreneur officer July 7, 2022 Mark Logan, a former Skyscanner chief operating officer, has been appointed as Scotland’s first chief entrepreneurial officer. The two-year post will mean Mr Logan will be a senior adviser to the start-up nation programme, which was set up to deliver the entrepreneurial recommendations in the Government’s recent 10-year economic strategy. The appointment was announced by [...]
