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.
200 Post Offices vanished within last wo years as two branches close for good every week January 28, 2022 New research shared with City A.M. this morning shows that more than 200 Post Offices have closed in the last two years, the equivalent of two a week. The study also found that 1,291 Post Offices are currently deemed “temporarily closed”, but more than half of these have been shut for more than two years, [...]
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.
St James’ Place boosts inflows by £4.69bn in latest quarter January 27, 2022 Wealth manager St James' Place has beaten expectations, ending the year with a record £154bn of assets under management.
Omicron pushing US Fed into action January 26, 2022 | City Talk Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
M&G snaps up stake in wealth manager Moneyfarm January 26, 2022 Investment firm M&G has taken a stake in digital wealth manager Moneyfarm after leading a £44.1m funding round.
Credit Suisse beats investment banker in London court as £66m espionage case is thrown out January 26, 2022 A former Credit Suisse banker’s £66m lawsuit was rejected yesterday afternoon as a London court found that the banking giant was under no obligation to protect its former employee from the risk of criminal charges while he was working in Romania. Vadim Benyatov had demanded $89m, or nearly £66m, in lost earnings after a court [...]
Much-talked about £6m lawsuit by The Wolseley owner against insurance giant AXA starts in court January 26, 2022 A much-talked about lawsuit by the owner of The Wolseley and a range of other upmarket restaurants around London against insurance giant AXA has started in London’s High Court. Corbin & King is brining the £6m lawsuit to AXA Insurance over Covid-related losses, in a trial that could have wider ramifications for other UK businesses [...]
