Half of women in private equity considering leaving industry, survey says February 25, 2019 Half of women working in private equity would consider leaving the industry compared to 22 per cent of men, new research into diversity in the workplace has found. When asked whether they are considering leaving their firm in the next two years, 33 per cent of women said they were, however, only 19 per cent of [...]
How will the EU act after Brexit? February 21, 2019 | City Talk Britain's planned departure from the EU exposes many issues. A key one is the economic path the UK will choose. Less commonly asked is what will the rest of the EU do. Perhaps this should figure more in the debate. Last year, President Macron suggested the EU move towards a core, built on closer political [...]
HSBC, Goldman and Lord Fink back City fintech firm Bud February 4, 2019 Fintech startup Bud has closed a $20m (£15.3m) funding round from investors such as HSBC, Goldman Sachs and former Man Group boss Lord Stanley Fink. Other investors included Investec’s INVC fund, ANZ Bank, the corporate venture arm of Banco Sabadell and 9 Yards, the venture capital firm which lists former chancellor George Osborne among its [...]
London listings in slowest start since 2010 as Brexit worries dampen market January 30, 2019 London’s IPO market has got off to its slowest start since the financial crisis this year as the looming Brexit date dents investor confidence. London Stock Exchange (LSE) data, shows that in the year to 29 January just £680,000 has been raised in London initial public offerings (IPOs). By 29 January 2018 £40m had been [...]
Number of funds generating top returns plunges in torrid investment environment January 22, 2019 The number of funds generating top returns plunged in the fourth quarter during a torrid investment environment. Only six of the 1108 funds analysed achieved consistent top quartile returns in the fourth quarter of last year, representing 0.54 per cent, down from 19 funds in the previous quarter, according to BMO Global Asset Management. Read [...]
Davos: Investec banking chief warns stopping Brexit would ‘corrupt democracy’ January 22, 2019 Stopping Brexit would “corrupt democracy”, the chief of banking giant Investec has warned. Hendrik du Toit, joint chief executive of the UK-listed bank, insisted Britain must leave the EU regardless of what people in the financial sector think about the decision. Read more: At Davos, Huawei calls for speedy resolution to case of detained CFO [...]
Mifid II launched one year ago and financial brokers are embracing the opportunity January 10, 2019 A year ago, the Markets in Financial Instruments Directive II, commonly referred to as Mifid II, came into force. Arguably the most ambitious and wide-sweeping regulatory reform of the financial services industry in the last decade, it was touted as the death knell of sell-side equity research. Mifid II’s aim was to enhance transparency and [...]
Vita Mojo shakes things up with a £10m series A fundraise, backed by Investec November 28, 2018 Healthy food-focused restaurant chain Vita Mojo has raised £10m in a series A fundraising round led by Investec Bank, as it heads for expansion. The firm said it is now "coming out of stealth mode" to help other businesses with its technology, having already signed up a few major customers such as Virgin Active, Chilango and Wokit. [...]
For a rainy day: Monzo customers can now earn interest on their savings November 1, 2018 Fintech challenger bank Monzo is launching its first interest-earning savings pot. Customers will be able to create so-called savings pots within their Monzo account that will earn interest at one per cent per year, paid monthly, on savings of £1,000 and above. Customers can open up to 10 savings pots and can take money out [...]
M’s man Martin squashes the beef at Gaucho October 23, 2018 The boss of Gaucho has declared the days of London suits going out and “eating a kilo of steak” are over, as the restaurant chain prepares to rebound out of administration with a fresh, millennial-friendly look. Martin Williams, founder and chief executive of M Restaurants, is back in the saddle at Gaucho after leaving in [...]