Softbank-backed blank cheque firm eyes $200m stock market float January 29, 2021 A blank cheque firm backed by a top Softbank executive is looking to raise as much as $200m (£146m) in an initial public offering. LDH Growth Corp I, led by Softbank chief operating officer Marcelo Claure and controlled by an affiliate of the Japanese conglomerate, today said it planned to sell 20m shares units of [...]
Hargreaves Lansdown and the Share Centre acquire £1.5bn of JP Morgan assets April 9, 2019 Hargreaves Lansdown and the Share Centre have agreed to buy £1.5bn in assets from JP Morgan Asset Management as the firm shifts its focus from direct-to-consumer to fund management. Read more: JP Morgan plans to cut hundreds of asset and wealth management jobs Hargreaves Lansdown has acquired up to 33,000 of JP Morgan’s retail managed fund [...]
Natwest winds down online lending platform Esme March 12, 2021 Natwest’s foray into the fintech world has come to an abrupt end with the closure of its standalone SME lending platform Esme Loans. Esme launched in 2017 offering loans between £5,000 and £150,000 for small business customers. The terms were usually between between one and five years and backed by personal guarantees. Now the platform [...]
Straight from the horse’s mouth: Why Extinction Rebellion are disrupting your commute September 7, 2021 In response to Eliot Wilson’s piece in CityAM last week, ‘What does Extinction Rebellion actually want?’ Extinction Rebellion protests always divide opinion. In the heat of frustration at another delay to your journey, it’s always tempting to come out against. Like Eliot Wilson in last Tuesday’s City AM, you may dismiss XR activists as trustafarians [...]
Suitors circle Sanjeev Gupta’s GFG as Greensill nears collapse March 7, 2021 Sanjeev Gupta’s GFG Alliance is said to be on the brink of a potential fire sale as embattled finance firm Greensill, its main source of funding, nears collapse. Rivals are eyeing up key assets from GFG’s Liberty Steel arm amid expectations that Gupta could start selling off parts of his business in an attempt to [...]
Haydn Hammond – when bankers go crypto November 8, 2021 Crypto AM writer Jillian Godsil interviews banker-turned-crypto enthusiast Haydn Hammond.
Deliveroo appoints Next boss Simon Wolfson to board January 19, 2021 Deliveroo has appointed Next chief executive Lord Simon Wolfson to its board as a non-executive director. Wolfson, who has led the high street fashion chain since 2001, took up the role this week. It comes as the food delivery platform gears up for what could be the largest initial public offering of the year. Deliveroo [...]
Vanguard and BlackRock uncovered as largest investors in coal industry February 25, 2021 The US mutual fund company Vanguard has been named the world’s largest institutional investor in the coal industry, with holdings of almost $86 bn, according to research carried out by Rainforest Action Network, Urgewald and 28 other NGO partners. The investor is closely followed by BlackRock, which has invested over $84bn in the coal industry [...]
Deliveroo appoints new chair ahead of rumoured public listing November 25, 2020 Takeaway delivery app Deliveroo has appointed Claudia Arney as the company’s first chair, as the business heads for change in 2021. The move comes as Deliveroo prepares to pursue a rumoured public listing in the coming months. Arney has worked in executive roles primarily focused on building digital businesses including at Pearson, The Financial Times, [...]
Goldman Sachs to shift $60bn of assets to Germany ahead of Brexit November 7, 2020 Goldman Sachs is set to shift as much as $60bn (£45.5bn) of assets to Germany, as the banking giant becomes the latest City stalwart to beef up EU operations ahead of Brexit. The Wall Street bank, which has previously warned that a “difficult” Brexit would impact its investment plans in the UK, will shift between [...]