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Investment
FCA Cracks Down on Unregulated Share Offers as Odin Pauses Crowd Investments
The Financial Conduct Authority (FCA) is taking action against unregulated firms that facilitate investment deals for private companies without proper regulatory permissions. This move comes as entrepreneurs increasingly turn to online…
Vodafone Three Merger Could Leave Millions Unable to Find Cheaper Mobile Deals
A proposed £15 billion merger between Vodafone and Three UK aims to create the largest mobile phone operator in the country, potentially impacting up to 1 million Three customers who may struggle to find cheaper alternatives, according to…
Ofwat Crackdown on Sewage Failings Could Cost UK Water Sector 2 Billion Pounds in Penalties
The UK's water sector is preparing for potential penalties amounting to £2 billion over the next five years, as the regulator Ofwat intensifies efforts to tackle sewage issues. A recent report from Moody's, a leading ratings agency,…
Rachel Reeves’ charm offensive in New York to boost UK investment
Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month.
The chancellor plans to visit New York early in August to meet with some of America's largest investment firms.
A one-on-one…
Permira wants to sell Evelyn for £1.5 billion pounds.
Evelyn Partners is one of Britain's biggest wealth management firms. The private equity company that owns it, Evelyn Partners PLC, is looking at options to reduce its £1.5 billion investment.
Permira has begun contacting advisers in…
Goldman Sachs boss says that the capital markets are in an early stage of recovery.
Goldman Sachs' chief executive hailed "the early innings of a recovery in capital markets and M&A" after the investment firm announced that its quarterly profit more than doubled from the previous year.
The American Investment Bank,…
Goldman Sachs profits double to $3bn on rebound of deals
Goldman Sachs' profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated.
After a slow two-year period in which…
BlackRock’s Larry Fink highlights the ‘barbell Effect’ as investors return back to…
BlackRock CEO Larry Fink stated on Monday that investors are creating a “barbell effect” in the fixed income markets when they choose low-cost exchange-traded funds and alternative assets over traditional bond funds.
Fink, the world's…
Top tech investor says Nvidia’s market cap could reach $50tn in 10 years.
One of the world's most successful investors in technology said that chipmaker Nvidia may be worth more than $50tn over the next decade. This is greater than the current market value for the entire S&P 500.
James Anderson is best…
Wall Street firms to purchase Envestnet, a wealth management software provider for $4.5bn
Envestnet, which sells specialised software for wealth management, has agreed to get acquired by an American private equity group, and a consortium consisting of traditional asset managers.
The $4.5bn transaction shows how traditional…
FCA to make biggest changes in London Stock Exchange listings since 30 years
City regulators are set to implement the most significant change in listing rules for three decades to attract and retain companies on London's equity markets.
Financial Conduct Authority (FCA) said that loosening the rules governing the…
UK to press for job guarantees in return for Port Talbot Investment
During talks with Indian-owned Tata Steel regarding the future of the Port Talbot site, the UK will insist on "job guarantees" as a return for taxpayer funded investment.
Jonathan Reynolds, the new business secretary of Wales, confirmed…
Investors aiming for rate cuts flood cash into shares
Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before.
Calastone's latest data on funds flows shows that over £11 billion has been invested in equity funds…
Private equity to take over workplace pensions
Legal & General announced a new fund that can handle billions of pounds. This will allow millions of employees to invest their workplace pension savings in illiquid assets.
L&G operates workplace pension schemes, including those…
Alliance and Witan merge to form £5 billion giant
Alliance Trust, one of Britain's oldest and most respected investment trusts, announced a merger with its rival Witan Investment Trust to create a £5-billion giant.
Witan will roll its assets into Alliance in order to create a vehicle…
Volkswagen to invest $5bn in Tesla electric car rival
Volkswagen announced plans to invest $5bn (£3.9bn), or up to 9% of its total revenue, in Rivian's US electric carmaker. This comes as manufacturers are rethinking their strategies due to uncertain demand.
The German automaker said that…
Top investor claims that Britain’s ‘Banana Economy’ is holding it back.
One of Britain's largest infrastructure investors called Britain "a Banana Economy" with the ethos "Build absolutely nothing anywhere (or anyone)". But he said that there was a large amount of capital to change this.
Dominic Veney,…
Why UK private equity firms are ‘encouraged by Labour’s signal on tax crackdown
The UK private equity industry hailed Rachel Reeves, shadow chancellor's suggestion to continue to offer favourable tax treatment for buyout executives investing in their funds as "encouraging".
Labour has promised to raise £565mn per…