Why pension funds might not be to blame for the UK’s capital market decline March 21, 2023 Pension funds have taken on an interesting new role in the City psyche over the past year. Once just guardians of the country’s retirement cash, they have morphed into punch bags on which to unleash frustration at the UK’s capital market decline. A sort of anti-growth coalition unwilling to back home-reared equities and believe in [...]
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
DEBATE: Should the London Stock Exchange cut its hours to improve work-life balance for traders? November 8, 2019 Should the London Stock Exchange cut its hours to improve work-life balance for traders? Galina Dimitrova, director of investment and capital markets at the Investment Association, says YES. Trading hours in the UK are 8am to 4:30pm GMT — some of the longest in the world. That doesn’t sound like a long day, but traders [...]
Polymetal weighs up Russian demerger after Ukraine invasion March 29, 2022 Polymetal International has confirmed it is "evaluating various options that could maximise shareholder value following a difficult trading period.
Hong Kong’s bid for London Stock Exchange whips up a storm September 11, 2019 A blockbuster plan to merge the London Stock Exchange with its Hong Kong counterpart faces an uphill battle after being met with scepticism from politicians and investors alike today. Read more: Hong Kong bourse proposes merger with LSE Hong Kong Exchanges and Clearing (HKEX) shocked the City this morning after revealing a surprise £32bn bid [...]
Top business disasters of 2023: City A.M. reflects on the biggest corporate mishaps of the year December 30, 2023 Here at City A.M., we’re taking some time to reflect on some of the biggest c*ck-ups in business in the last 12 months.
‘Pension funds need to invest in UK growth’: former innovation minister Sam Gyimah on the future of UK tech March 9, 2023 Speak with most tech and innovation figures in the UK currently and you will hear a similar gripe: institutional investors are not pulling their weight. Investment into the UK’s tech sector, as with most of the world, has tumbled in the past year and brought into sharp relief a funding gap that they argue is [...]
Studio Retail Group preparing to call in administrators in blow for largest shareholder Mike Ashley’s Fraser Group February 14, 2022 Online value retailer Studio Retail Group, whose largest shareholder is Mike Ashley’s Frasers Group, is posed to call in administrators. The Accrington-based firm said it had not been able to reach agreement with its UK lenders for additional funding it needed. Studio Retail had requested a short-term loan of £25m to fund surplus stockholding which [...]
Wise profit leaps as news of fintech chief’s FCA tax probe settles June 28, 2022 Fintech giant Wise today revealed profits hit £371.9m last year on the back of a surge in revenues and customer growth. The London-listed fintech said gross profit rose 43 per cent on 2021 levels while revenues topped £559.9m, up a third on last year. Customer numbers meanwhile hit 4.6m in the last quarter of 2022 [...]
Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.