11th October 2021

How brands are primed to thrive in a post-Covid world

Brands and retailers alike have emerged from a highly challenging period carrying valuable lessons, having repeatedly adapted digital and selling strategies over the past 18 months.

Written by: Vladi Shlesman

Website: Business Reporter

TruckLabs Raises $15M in Series A Funding

The round was co-led by returning investors Calibrate Ventures, Autotech Ventures, and Uncork Capital.

Website: FINSMES

4th October 2021

UCL professor resigns from Science Museum board over oil and gas cash

Professor of Climate Science Chris Rapley CBE resigned this weekend from the Science Museum’s Advisory Board over the issue of fossil fuel sponsorship and the museum’s willingness to accept money from major oil and gas companies, including Shell.

Written by: Michiel Willems

Website: City AM

Monzo abandons U.S. banking licence bid

The bank said it was still committed to growing its U.S. venture – which it launched in 2019 – and would invest further in Britain.

Written by: Lain Withers

Website: Reuters

13th August 2021

CBI chief warns government against more corporate tax hikes

In a speech addressing the Alliance Manchester Business School on Monday, Tony Danker, director general of the CBI, also called for an end to business tax hikes and incentives to encourage businesses to invest.

Written by: Angelique Ruzicka

Website: Capital.com

Dutch court rules Uber drivers are employees in fresh blow to firm

Dutch labour union FNV took Uber to court in December, saying that taxi drivers and Uber shared a labour agreement and Uber drivers often earned less than the minimum wage.

Written by: Frank Prenesti

Website: Sharecast.com

6th August 2021

Asia’s race to net-zero carbon: $12.4 trillion and counting

We look at the different forms of transport that will play a part in a net-zero carbon future and how they offer very different opportunities and costs.

Written by: Robert Carnell

Website: ING

Successful digital transformations need a focus on customer experience

Capturing your customers’ complete truth is essential if you expect to be fully informed by whatever insights they give you.

Written by: Ross Wainwright

Website: Business Reporter

30th August 2021

Issa brothers may open 300 Asda convenience stores at petrol stations

The billionaire Issa brothers are planning to synergise their two-decade-old fuel retail business with the grocery vertical they recently entered.

Website: Eastern Eye

Whoop Raises $200M in Series F Funding at $3.6 Billion Valuation

The round, which brought the valuation at $3.6 Billion, was led by SoftBank Vision Fund 2 with participation from IVP, Cavu Ventures, Thursday Ventures, GP Bullhound, Accomplice, NextView Ventures and Animal Capital. 

Website: FINSMES

23rd August 2021

UK rejects industry demand for EU truck driver visa

It comes after two of the UK’s largest business groups, Logistics UK and British Retail Consortium (BRC) penned a letter to the Department for Business, Energy and Industrial Strategy urging them to take action.

Written by: Patrick Dunne

Website: Retail Sector

Banking industry takes further steps to protect access to cash

The group (also known as CAG) was formed earlier this year and is chaired by Natalie Ceeney, author of the Access to Cash Review. 

Website: UK Finance

16th August 2021

Oil Prices Fall as Traders Fear Chinese Economic Slowdown

The data are a concern for commodity traders because China is the world’s largest importer of oil and a huge consumer of other raw materials such as copper.

Written by: Amrith Ramkumar

Website: The Wall Street Journal

CCD closure could lead to £100m losses, says Provident

Sub-prime lender Provident Financial has recorded a statutory loss before tax increase of more than £10m in the first six months of 2021 – going from £28.1m to £44.2m.

Website: Credit Strategy

9th August 2021

Investment bank Jefferies raises pay for analysts

The new pay scale, reported earlier in the day by the Wall Street Journal, has been in effect since July 1 and follows similar moves by major Wall Street firms. 

Written by: Niket Nishant

Website: Reuters

UN Report Issues “Code Red” On Climate Change

Every region faces increasing changes as climate change is intensifying rapidly, the report said.

Written by: Tsvetana Paraskova 

Website: Oilprice.com

2nd August 2021

HSBC first-half profits more than double to £7.8bn as economies rebound from pandemic

HSBC bounces back from a weak performance last year and exceeds analysts’ expectations, leading to an uptick in the bank’s shares in early trading.

Website: Sky News

Amazon slapped with €746m fine marking largest GDPR penalty in history

The fine, first reported by Bloomberg, was disclosed in Amazon’s recent quarterly earnings report and has been strongly contested by the retailer.

Website: Charged

Written By: Ben Stevens

26th July 2021

Zopa hires JPMorgan to advise on £100 million funding round

Investors who have been approached about the raise told Sky News that Zopa was targeting a post-money valuation in excess of £500m.

Website: Finextra

Heathrow’s Pandemic Losses Near £3 Billion

Back in 2019, the London airport saw four million passengers through its door in just 18 days. Now the airport has warned that its passenger numbers for 2021 could come in even lower.

Website: FinanceMonthly

19th July 2021

UK SMEs brace for rise in employee costs

As today marks ’Freedom Day’, employers expect to face a flurry of extra costs such as an increase in employee salaries and expenses.

Written by: Jade Burke

Website: Reward Strategy

HSBC reopens all branches and offices in England from today

In contrast to their counterparts, HSBC has been conservative about asking employees to return to the office.

Written by: Papa Kuranchie

Website: City A.M.

12th July 2021

BlackRock in talks to acquire IGIS Private Equity for ESG investment

IGIS Asset Management confirmed Monday that negotiations are underway with BlackRock, the world’s largest asset manager, to acquire IGIS Private Equity (IGIS PE), which specialises in investments in eco-friendly infrastructure.

Website: Private Equity insights

Helium One Global sees further helium gas shows in Tai-1 well

The Tanzanian well encountered significant and unexpected gas shows in a zone above its primary target, prior to a drilling set-back which will now require a sidetrack to be drilled.

Written by: Jamie Ashcroft

Website: Proactive investors

5th July 2021

Promoting Digital Growth Through a Hands-on Approach to Data & Analytics 

By now it has become clear that all businesses should embrace data to make their organisation as efficient and profitable as possible.

Written by: Polly Jean Harrison

Website: The FinTech Times

Betting and Gaming Council calls on Government to establish a gambling ombudsman

The move comes as ministers continue the Gambling Review, which was launched last December, with ministers expected to produce a White Paper at the end of this year.

Website: Politics Home

28th June 2021

Binance banned in City watchdog crackdown on major cryptocurrency exchange

The financial regulator has banned one of the world’s largest cryptocurrency exchanges from operating in the UK, but has not outlined its reasons for doing so.

Website: Sky news

Auditors for Greensill Capital and Gupta lender face investigation

PwC and Saffery Champness will be investigated by the accountancy watchdog over their roles in auditing Greensill and Wyelands Bank’s accounts.

Website: LBC

21st June 2021

Goldman Sachs bats off competitors with first UK transaction bank

The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division.

Written by: Millie Turner

Website: City A.M.

KKR invests $625m to buy controlling stake in Vini Cosmetics

KKR has invested $625 million to acquire the stake in the group that is led by Darshan and Dipam Patel and Sequoia Capital.

Website: Private Equity Insights

14th June 2021

The AI and automation revolution in financial services

Firms are taking stock of the impact of Covid-19, and many look set to drive up investment in these technologies.

Written by: Caroline Winch

Website: UK Finance

Financials, energy stocks boost FTSE 100 ahead of reopening decision

London’s FTSE 100 index climbed on Monday, helped by gains in heavyweight financials and energy stocks, while investors awaited the government’s decision.

Website: Reuters

7th June 2021

‘Britcoin’: Bank of England seeks views on economic impact

There was much excitement when, in April, the chancellor, Rishi Sunak, announced the launch of a new taskforce between the Treasury and the Bank of England to co-ordinate exploratory work on a potential central bank digital currency.

Written by: Ian King

Website: Sky News

G7 agreement means Ireland’s 12.5 per cent corporate tax rate is under threat

After this weekend’s agreement among G7 finance ministers, there is no doubt that the corporate tax issue is now coming to the boil after years of talking.

Written by: Cliff Taylor

Website: The Irish Times

31st May 2021

Generali aims to cement home market leadership with $1.4 billion Cattolica bid

Italy’s biggest insurer Assicurazioni Generali on Monday said it would launch a 1.17 billion euro ($1.4 billion) buyout offer for smaller rival Cattolica to further strengthen its domestic market leadership.

Written by: Gianluca Semeraro

Website: Reuters

US Sets Next Stage For $250bn Bill To Counter China Tech

The Senate sought to pass the bill, which has bipartisan support, last Thursday, but Republicans delayed passage over the time allocated to consider amendments.

Written by: Matthew Broersma

Website: Silicon.co.uk

24th May 2021

Bitcoin’s crash wasn’t about Elon or China – it was about inflation

The risk then is that an asset like bitcoin – which thrives on the money-printing/debasement narrative, but also in an environment in which everyone is enamoured with tech – becomes a lot less appealing.

Written by: John Stepek

Website: MoneyWeek

Six pubs have vanished every week since the pandemic began

Data compiled by real estate adviser Altus Group has revealed that 384 pubs have been demolished or converted for a different use over the past 14 months.

Written by: Henry Goodwin

Website: The London Economic

17th May 2021

Water Companies Pledge Thousands Of Jobs In Green Covid Bounce-Back Plan

Ofwat said it had greenlit £850 million of new investment projects across the country’s water networks.

Written by: August Graham

Website: Pm Today

Food group Granarolo eyes M&A in U.S. after buying British unit

The food group on Monday said it had taken complete control of its British distributor, Granarolo UK, adding this deal would open the way to further M&A activity in the coming months.

Written By: Francesca Landini

Website: Reuters

10th May 2021

UBS’s $40k extra associate bonus raises the bar

Juniors in investment banks are already well paid, but as banks compete ruthlessly to hire and retain junior banking staff, compensation is creeping ever-higher. 

Written by: Sarah Butcher

Website: efinancial Careers

CommBank forms Big Data joint venture

Commonwealth Bank of Australia has formed a joint venture company with data science.

Website: Finextra

3rd May 2021

CFOs Keen to Invest in Digital Transformation To Recover From Covid Pandemic

Eighty per cent of CFOs globally put digital transformation within their list of top priorities. While 71 per cent see investment into this as key to their company’s success.

Website: The FinTech Times

Exxon Earns $2.7B in First Quarter

The figure compares with a loss of $610 million in the first quarter of last year. Results included unfavourable identified items of $31 million, or $0.01 per share assuming dilution.

Written by: Andreas Exarheas

Website: Rigzone.com

26th April 2021

Pearson says its underlying sales came in 5% up in the first quarter

In a recent announcement, the London-based firm said it wanted to reorganise five of its businesses – English, higher education, workforce skills, virtual learning, and assessment and qualifications. 

Written by: Wajeeh Khan

Website: Invezz.com

How 8 start-ups tackle plastic pollution

A new virtual event in May features eight startup companies that will showcase technologies to combat plastic pollution and waste, through innovation.

Website: Waste Management World

19th April 2021

Revolut funding could value company at $10bn

The London-based financial technology startup, chaired by former Standard Life Aberdeen co-CEO Martin Gilbert, is being advised by FT Partners, a US-based fintech-focused investment bank.

Written by: Terry Murden

Website: Daily Business

Citi promotes European investment bank head Drury to lead new tech unit

The head of Citigroup’s investment bank in Europe is relocating to San Francisco to lead a major new push to capitalise on technological disruption.

Written by: Paul Clarke

Website: Financial News

12th April 2021

Canada scraps export permits for drone technology to Turkey, complains to Ankara

Canada on Monday scrapped export permits for drone technology to Turkey after concluding that the equipment had been used by Azeri forces fighting Armenia in the enclave of Nagorno-Karabakh, Foreign Minister Marc Garneau said.

Website: Reuters

Government orders independent inquiry into Cameron lobbying

Mr Cameron, who has insisted he hasn’t broken any lobbying rules, did say that he should have contacted ministers through “formal” channels.

Written by: Helia Ebrahimi

Website: Channel4

5th April 2021

Deliveroo IPO dubbed “worst in London’s history” as billions wiped off its value

Deliveroo ended its first day of trading down 26 per cent at £2.87 per share, giving it a market capitalisation of £5.6 billion.

Website: Charged Retail

Credit Suisse ousts top execs and scraps bonuses amid Archegos and Greensill fallout

Chief risk and compliance officer Lara Warner will relinquish her role effective immediately, while investment bank CEO Brian Chin will step down from the executive board by the end of the month. 

Written by: Kristen McGachey

Website: Portfolio Advisor

29th March 2021

Shares in City firms Credit Suisse and Nomura plunge as they warn of heavy losses after hedge fund fire sale

Japanese bank Nomura and Switzerland’s Credit Suisse, have warned they face heavy losses after US hedge fund Archegos Capital reportedly defaulted

Written by: Camilla Canocchi

Website: Thisismoney.co.uk

Suez Canal: Ship causing logjam ‘could soon be refloated’ vessel’s owner says as US offers help

At a press conference on Friday, the president of Shoei Kisen, Yukito Higaki told local media that 10 tugboats had been deployed to dredge the banks and canal bottom.

Written by: Suban Abdulla

Website: Yahoo Finance

22nd March 2021

State Street makes senior appointment in alternatives business

State Street has a strong history of innovation in the alternatives industry and is committed to supporting alternatives clients with best-in-class expertise, processes and technology.

Website: HedgeWeek

Hedge Funds Kicked Off 2021 With $49 Billion Sale of Treasuries

The Cayman Islands, seen as a proxy for hedge funds and other leveraged accounts, dumped $49 billion of U.S. sovereign bonds.

Written by: Stephen Spratt

Website: BNN Bloomberg

15th March 2021

Top German companies pension liabilities topped €407bn at end of 2020

German companies listed on the DAX 30 has pension liabilities of €407bn at the end of 2020, up from €389.9bn at the end of 2019, according to Mercer.

Written by: Natalie Tuck

Website: European Pensions

Credit Suisse bonuses skewed away from high earners

While UBS and DB paid bumper-payouts to their highest earners and best performers, Credit Suisse cut bonuses for everyone, but cut bonuses and total compensation for its highest earners the most. 

Written by: Sarah Butcher

Website: efinancial careers

8th March 2021

Deliveroo app users, riders to get slice of London IPO pie

Deliveroo, the holding company of Roofoods Ltd, on Thursday last week had said it picked London for a potential listing, set to be the biggest in a flurry of initial public offerings.

Website: London South East

Xero makes second acquisition in eight months with Planday

Danish staff rota software provider Planday, which claims more than 350,000 employee users across Europe and the UK, is selling up to the fintech for €183.5 million.

Written by: Ruby Hinchliffe

Website: FinTech Futures

1st March 2021

Walmart recruits Goldman Sachs’ consumer head to run fintech startup

The news of Ismail’s departure was reported by Bloomberg on Sunday. He is taking one of his top lieutenants, David Stark, with him to the new venture.

Website: Finextra

Bank of Ireland to close 103 branches in Ireland and NI

Bank of Ireland said there will be no compulsory redundancies as a result of today’s decision to close branches nationwide.

Website: RTE

22nd February 2021

All Bar One owner reveals cash burn of £30m to £35m a month

The dire warning came as the company announced the formal launch of a £351 million fundraising exercise to prop up its balance sheet, calling it “critical for the continued operation of the group

Written by: Simon Neville

Website: AOL.

EU agreed to pay €870 million for supply of AstraZeneca vaccines by June, contract shows

The publication of the contract, signed on 27 August, 2020, unveils confidential details about the price and the timetable for deliveries agreed by AstraZeneca.

Written by: Reuters

Website: eureporter

15th February 2021

Big Four boss tells consultants to stop whining about hours.

Hedge funds now hiring from Reddit instead of Harvard.

Written by: Daniel Davis

Website: efinancialcareers

Ubben seeks $8 billion for new hedge fund amid talks with Exxon – sources

This would be the first fund Ubben has amassed since he launched his new firm, Inclusive Capital Partners, last summer. 

Written by: Svea Herbst-Bayliss

Website: Reuters

8th February 2021

24 Year-Old Founder of Hedge Funds Pleads Guilty of a $90M Crypto Scam

An Australian man, founder of two multi-million crypto funds in New York, pleaded guilty on a crypto scam charge. The Ponzi scheme used a trading algorithm, taking advantage of price differences.

Written by:  Zhelyazko Zhelyazkov

Website: Cryptopotato

The Real Reason Robinhood Froze GME Buying – and Why It Matters

Congress and regulators, who always seem to be late to the party, are making more noise than ever

Written by: Shah Gilani CIS

Website: Money Morning

1st February 2021

A Hedge Fund Bet In Favor Of GameStop And Made Away With $700M In Reddit-Fueled Rally

“When it started its march, we thought, something’s percolating here,” said Mashaal — adding, “But we had no idea how crazy this thing was going to get.”

Website: Yahoo Finance

Hedge Fund Superstar Pierre Andurand Sets His Sights On Clean Energy After 154% Gain

Last February, commodities trader Pierre Andurand was sitting at a dinner in London with some of the oil market’s biggest players. It was International Petroleum week.

Website: Forbes

25th January 2021

The inefficiency of Bitcoin for hedge funds and their managers 

As more hedge funds pile into cryptocurrencies, market inefficiencies and price dispersion are bringing fresh arbitrage opportunities for managers.

Written by: Hugh Leask
Website: Hedgeweek

Gibraltar extends its guidelines for digital asset exchanges 

As warnings intensify about the need for regulation of digital assets across the UK and Europe, Gibraltar is adding to its already regulated digital ledger technology (DLT) framework.

Website: Hedgeweek

18th January 2021

Blackstone appoints former university chief as head of its Alternative Asset Management 

Blackstone Group, the world’s biggest hedge fund investor, is bringing in a former endowment chief at Brown University as the co-head of its Blackstone Alternative Asset Management unit.

Written by: Svea Herbst-Bayliss
Website: Reuters

Asian Hedge Funds buy Chinese sanctioned telecommunications 

Asia hedge funds including Long Corridor Asset Management bought shares of sanctioned Chinese telecommunications operators, trading against a market sell-off.

Written by: Bloombers
Website: SCMP

11th January 2021

Covid-19 creates new credit opportunity and strategy for Marathon 

New York-based Marathon Asset Management is zeroing in on a broad range of special situations opportunities arising from the coronavirus pandemic fallout with the launch of a new distressed strategy.

Written by: Hugh Leask
Website: Hedgeweek

Former Sloane Robinson CIO resettles in Kepler, along with familiar faces

The team join Kepler at an exciting time for the business and will be responsible for managing the KLS Emerging Markets Fund that was originally launched in partnership with Sloane Robinson in 2017. 

Website: Hedgeweek

4th January 2021

Is oil volatility the new income for hedge funds? 

Most of the funds’ gains came in March (up 63.5%) and April when energy prices collapsed amid the covid lockdowns. That made it not only the best performing commodity fund, but also one of the year’s best-performing hedge funds across all products and sectors.

Written by: ZeroHedge
Website: Oilprice.com

CTA’s end 2020 in spectacular style as managed future hedge funds 

Trend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector.

Written by: Hugh Leask
Website: Hedgeweek