Nutmeg co-founder Nick Hungerford dies aged 43 July 11, 2023 Co-founder of investment app Nutmeg, Nick Hungerford, has died at the age of 43 having been diagnosed with a rare form of bone cancer in 2019. “We are deeply saddened to share the news of Nick’s death,” his charity said in a statement today. “In loving memory of our founder, our work to make sure [...]
Computacenter: Profit down by a third on ‘weak demand’ for UK tech July 26, 2024 London-based tech company Computacenter announced a drop in profit before tax by a third for the first half of the year on weaker than expected demand in the UK industry. The £2.97bn firm, which helps businesses set up and manage their computer systems and software efficiently, expected its profit before tax for the half year ended 30 June [...]
As Morgan Stanley commits to Canary Wharf is the hub turning a corner? April 3, 2024 Morgan Stanley has agreed to stay in Canary Wharf for another 14 years, in a welcomed boost for the east-London banking district following a string of high profile departures.
FCA appoints interim retail banking boss after shake-up at payments regulator June 18, 2024 The Financial Conduct Authority (FCA) has appointed an interim retail banking boss after parachuting in its director to lead the payments watchdog amid industry backlash over new fraud refund rules.
Lenders jostle for a slice of the ‘innovation economy’ after SVB’s collapse November 5, 2023 A number of banks are stepping up their operations to take a chunk of the UK's fast-growing 'innovation economy', prompted by the implosion of Silicon Valley Bank (SVB) earlier this year.
Klarna in discussions with big US banks on potential New York IPO July 17, 2024 Klarna has approached a number of top Wall Street banks about a possible New York listing which could come as soon the first half of next year, according to reports.
London Stock Exchange bolsters top team with deputy chief for reform offensive September 11, 2023 The London Stock Exchange has promoted its head of primary markets to deputy chief executive today as it looks to push ahead with a reform offensive this year.
Investors split on Japan strategy as end to negative rates looks increasingly likely December 28, 2023 With a shift in policy looking likely, investors are split about how best to secure returns.
Global financial markets settle into ‘yo-yo pattern’ after Monday’s meltdown August 8, 2024 Financial markets remain jittery after a massive sell-off on Monday as analysts identify a "yo-yo pattern" of volatility across the world.
IFS: Reeves tweaking debt rule won’t change fiscal fundamentals August 7, 2024 The Chancellor has inherited a very difficult fiscal position, with many public services in need of funding boosts while both the tax burden and national debt stand at their highest level for many decades.