Molten Ventures: Private equity portfolio slumps five per cent July 29, 2024 Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may be on the horizon.
Miraval mystery: The Jersey trust at heart of Brad Pitt wine war July 29, 2024 Brad Pitt has demanded to know who he is in business with after half of his hip wine brand Chateau Miraval, sold by his former partner Angelina Jolie to exiled Russian billionaire Yuri Shefler, ended up in a secretive Jersey trust.
Sadiq Khan reveals stance on selling loss-making London Stadium to West Ham United July 29, 2024 The former Olympic Stadium has become a financial millstone for the London Legacy Development Corporation.
Evri to create 9,000 jobs in hiring spree following Apollo takeover July 29, 2024 The UK's largest parcel delivery company unveiled the plans just a week after it was taken over by Apollo Global Management in a £2.7bn deal.
C-suite executives list tax certainty as a priority from Reeves, survey finds July 29, 2024 Clarity on tax is the number most important thing bosses want from the new government, a survey of C suite execs has found.
Exclusive: Abrdn backs property recovery with UK to ‘lead the way’ July 29, 2024 Asset manager Abrdn has moved its view of property from an underweight position to neutral as it argued the UK is leading the way on a global recovery, City A.M. can reveal.
Rothschild-backed private equity fund racks up £225m in funding July 29, 2024 An Edmond de Rothschild-backed fund run by Kennet has raised 266 million euros (£225m) to invest in software-as-a-service (SaaS) companies.
Job vacancies plunge as summer hiring slump arrives early July 29, 2024 UK jobs vacancies fell by almost 20 per cent year-on-year in June to 852,703, to their the lowest levels since March 2021.
City hails ‘critically important’ reform as FCA looks to revive IPO market July 29, 2024 Leading City figures have hailed the Financial Conduct Authority's shake-up of the UK's prospectus regime and listings rules, calling the red tape-slashing proposals "critically important" if the UK is to become "match fit".
UK finance chiefs gear up for growth as sentiment soars July 29, 2024 Chief financial officers of some of the largest UK companies have seen expectations about the prospects of their own business shoot up.