Glencore pays $1bn settlement to US authorities after admitting bribery in UK court May 24, 2022 Commodity trader Glencore has agreed to pay more than $1bn to US and Brazilian authorities to settle corruption investigations, after indicating it will plea guilty to bribery charges in the UK. Glencore said it will pay a combined sum of $1.06bn to the US Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC), and [...]
Boris Johnson should take a lesson from Emmanuel Macron to boost UK’s economic growth May 23, 2022 Boris Johnson should follow in the footsteps of Emmanuel Macron by ensuring Britain is made a “natural home for investors,” the Centre for Policy Studies (CPS) has said. In launching a new 10-point manifesto to boost Britain’s economic growth, the CPS published new researching showing investors are worried about the UK’s trajectory and concerned about [...]
Sunak poised to give poorest households £5-7.5bn to deal with cost-of-living crunch, Deutsche Bank says May 22, 2022 Deutsche Bank has said it expects the UK’s Chancellor of the Exchequer Rishi Sunak will give £5-7.5bn in support to the UK’s poorest households to help them deal with the UK’s cost-of-living crisis. The chancellor could increase universal credit payments, give money to food banks, and help poor households pay for energy bills, in a [...]
New international development plan focuses on bilateral aid and challenging ‘dependency on malign actors’ May 16, 2022 Britain has launched a new international development programme with a focus on challenging “dependency on malign actors”. Liz Truss made the announcement with a written statement on Monday, saying the new vision would try to address “increasing global challenges”. The plan, launched as Britain continues to oppose Russia’s war in Ukraine, also looks to “provide [...]
Slater Investments slaps down Miami fund’s £482m Randall & Quilter takeover bid May 10, 2022 A major investor in AIM listed insurer Randall & Quilter has rejected a £482m offer to take the company private, after claiming the offer is too low. Slater Investments, which owns a 10 per cent stake in the Bermuda based firm, rejected Brickell’s offer, after slamming the Miami headquartered fund’s offer to pay 175p-per-share. “In [...]
Investment firm HG Capital weathers turbulence of war in Ukraine and the pandemic May 10, 2022 Investment firm HG Capital Trust has weathered pressures of the war in Ukraine and the pandemic, as it reported its revenue up nearly five per cent. The London-listed firm’s share price was up 435.5 points at the end of March, with its net assets up to £2bn. Its top 20, representing almost 80 per cent [...]
UK retail investors hold their nerve despite rising inflation, commodities and Ukraine war raging on May 5, 2022 UK retail investors have remained composed in the face of the Russia-Ukraine conflict, despite significant concerns about future implications of the crisis on the financial markets, international relations, and the environment. Only 14 per cent of investors monitor the conflict between Russia and Ukraine when thinking about their investment strategy. The same number said they [...]
London tech incorporations jump 94 per cent as capital becomes hotspot April 27, 2022 The number of new tech companies incorporated in London jumped 94 per cent in 2021, with the capital becoming a new hotspot for investment.
Exclusive: Sun European’s managing director on private equity deal-making in the City post-pandemic April 21, 2022 Time for City A.M. to catch up with investment veteran and City insider Mark Corbidge, managing director and a member of Sun European’s Investment Committee.
Government refuses to disclose eight ‘Golden visa’ oligarchs in UK April 11, 2022 The government has refused to name eight sanctioned oligarchs who bought so-called ‘golden visas’ to live in the UK, under a now scrapped scheme. Priti Patel has been urged to reveal the identities of the individuals and publish a report on the programme, which was shelved in February as Russia invaded Ukraine. The ‘tier one [...]