A key survey of private equity funds has found most managers are bullish for the year ahead despite the challenges facing the sector. In a study from Carne Group, which …
Investing
Kwasi Kwarteng: Mini-budget chancellor to quit as an MP
Kwasi Kwarteng, the chancellor during the infamous Liz Truss mini-budget, is to quit as an MP at the next election. The former Conservative chancellor took to social media to announce …
Hopes of lower interest rates fuels optimism in the construction sector
UK construction companies have said they’re increasingly hopeful that the downturn which has hit the sector over the past year or so is coming to an end. According to S&P’s …
Police ‘not able to progress’ with 11 out of 12 CBI misconduct claims
The City of London Police has said it is “not able to progress further criminally” with 11 out of 12 allegations of serious misconduct made against the Confederation of British …
Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs
Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year. In a trading update this morning, the London-listed …
Springfield: London-listed property developer inks £15m affordable housing deal
Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland …
FTSE 100 live: Strong BP results powers London markets higher
London’s FTSE 100 posted strong gains on Tuesday morning as a bumper buyback announcement from BP sent the capital’s premier index higher. The FTSE 100 index rose 0.71 per cent …
Fintech investment in crisis but London remains ‘European capital’
UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and …
Augmentum leads fresh £4m investment round in London insurtech Artificial Labs
London insurtech Artificial Labs has received a £4m shot in the arm from Europe’s leading publicly listed fintech fund Augmentum. The fresh round of funding will help Artificial to build on …
BP promises bumper share buyback as new boss hails profit beat
UK oil giant BP has emerged from the last few months of instability with a set of results beating analyst forecasts, despite a halve in profits from the year prior. …