New Klarna valuation drives £117m payout to Jupiter Asset Management January 28, 2022 Managers and two stockpickers at Jupiter Asset Management reportedly received a £117m payout after giving Klarna an inflated valuation.
Paragon Banking Group sees ‘strong’ start to the year amid lending surge January 28, 2022 Paragon Banking Group saw lending surge in the latest quarter, with the challenger bank praising a "strong" performance.
Treasury Committee chair joins chorus of MPs urging government to ditch national insurance hike January 27, 2022 The chair of an influential group of cross-party MPs that scrutinise the government’s spending plans has joined the chorus of policy makers calling for the national insurance hike to be scrapped. Tory MP Mel Stride, who chairs the Treasury Committee, urged the government to cancel the looming 1.25 percentage point national insurance rise to ease [...]
London markets mixed as banks soar on looming rate hikes January 27, 2022 London markets were a mixed bag today despite banks surging on the prospect of the global economy lurching into a period of higher interest rates. The capital’s premier FTSE 100 index closed 1.13 per cent higher at 7,554.31 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, [...]
Exclusive: Fireblocks valuation climbs to $8bn in $550m funding round January 27, 2022 Digital asset custodian Fireblocks has scored a bumper $8bn valuation following a $550m series E funding round.
US economy smashes Wall Street expectations as GDP accelerates at quickest pace since 1980s January 27, 2022 The US economy is powering faster than Wall Street can keep up with as the recovery across the pond continues to gather momentum. Stateside GDP growth came in at 6.9 per cent in the final three months of last year, the US Commerce Department said today. Experts had been pencilling in a 5.5 per cent [...]
Plan B curbs sweep away retail sales as Brits shun high streets January 27, 2022 Plan B curbs that swept Brits away from the high street and offices throttled UK retailers this month, reveals a closely watched survey published today. The re-emergence of restrictions on daily life that dragged on throughout January hit high street sales, according to research carried out by the UK’s largest business group, the Confederation of [...]
Young investors plan to go all in on crypto despite crash fears January 27, 2022 Young investors plan to pour more of their savings into digital assets this year despite worries about a crypto market crash. Approximately 56 per cent of investors between the ages of 18 and 34 have plans to increase their holdings in digital assets in 2022 despite many expressing concern about a crypto market crash, according [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Facebook scraps crypto ambitions with $200m sale of Diem assets January 27, 2022 Facebook's digital currency venture Diem is reportedly winding down and selling off its tech to California-based Silvergate Capital.
