‘Firefighting every day’ in sector in crisis: Social care providers reject new clients as staff shortages spiral out of control January 13, 2022 New client requests are rejected while existing care packages are handed back as social care providers are overwhelmed by staffing shortages, according to a new survey shared with City PM this morning. Two thirds of home care providers are turning away new requests for care while a fifth are handing back care packages, according to [...]
London growth investor raises €525m for new technology fund January 12, 2022 Sprints Capital has raised €525m for a new technology fund as it looks to tap into high growth tech businesses.
Checkout.com hits $40bn valuation as it raises $1bn for US expansion January 12, 2022 Payments giant Checkout.com has closed a mammoth $1bn funding round as it gears up for a major US expansion, the firm announced today. The funding round values the payments processor at $40bn and places it firmly among Europe’s most valuable fintechs. The latest round was backed by investors including Altimeter, Dragoneer, and the Qatar Investment [...]
Fund manager says Unilever has ‘lost the plot’ with focus on purpose over profit January 12, 2022 Fund manager Terry Smith has accused Unilever of “losing the plot” with its focus on sustainability.
Hedge fund billionaire Alan Howard pockets £56m in bumper earnings January 12, 2022 Hedge fund billionaire Alan Howard earned almost £56m last year as the Brevan Howard hedge fund paid out bumper earnings to employees. The Tory donor and prominent philanthropist is believed to be the highest paid member detailed in Brevan Howard’s recent accounts who received £55.8m in the year to March 2021, The Times reported today. [...]
Crowdcube faces watchdog investigations over failed fast-food firm January 12, 2022 Crowdfunding platform Crowdcube faces a slew of investigations after a group of investors say it failed to verify a company’s business plans.
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Citadel Securities sells $1.15bn stake as it eyes up global expansion January 11, 2022 Electronic trading firm Citadel Securities as the firm reportedly gears up for international expansion.
How natural language processing helps investors January 11, 2022 | City Talk Big Data, artificial intelligence (AI), machine learning, natural language processing (NLP) – for several years, we’ve heard how these technologies will transform investment management. Firms have invested untold capital in research in hopes of converting these trends into added revenue. Yet for many of us, these technologies and what they can bring to the investment [...]
Global tech stocks show signs of recovery after sharp sell-off January 11, 2022 Global tech stocks have shown signs of a rebound following a sharp sell-off in recent days.
