Tesla battery rival Powervault collapses into administration
Powervault, the London-based home battery firm backed by the Mayor's fund, has collapsed. The firm, which raised over £10m, is the latest UK energy tech casualty. Read the full story.
Category : Search result: fund losses
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
Future Fund CEO questioned over $20k hotel stay
Future Fund CEO Raphael Arndt faces parliamentary scrutiny over a $20,000 hotel stay for a staff member on a US 'scoping trip'. Watch the video and read the full report.
Labour's Pension Tax & Investment Mandate Sparks Outcry
Labour faces backlash over a £5bn tax raid on salary sacrifice pensions and new powers to mandate fund investments, with critics warning of a 'war on savers'. Read the full analysis.
Future Fund's £20k Business-Class Hotel Scouting Trip
Australia's Future Fund faces scrutiny after spending £20,000 on a business-class trip for a former assistant to scope US hotels. Read the full investigation into the sovereign wealth fund's expenses.
40% of UK Teens Report Abuse in Intimate Relationships
A new survey of 11,000 teenagers in England and Wales exposes widespread emotional and physical abuse in young relationships, affecting mental health and school attendance. Urgent calls for better education.
Rokos Capital London Partner Departs Amid Fund Losses
Hedge fund Rokos Capital Management sees a key London partner exit following significant losses. Discover the impact on the firm and the wider London financial scene.
Former AssetCo Chief Takes Chair at Keyridge
Veteran fund management executive Campbell Fleming has been named chairman of Keyridge Asset Management, bringing decades of industry experience to the London-based firm. Read more about this strategic leadership move.
Southall fire destroys warehouse, businesses lose thousands
A major fire at a West London business park destroyed a warehouse, causing over £23,600 in losses for local traders. 150 firefighters battled the blaze.
James Joyce and Sylvia Plath's hidden hardship revealed
Newly uncovered Royal Literary Fund case files expose financial struggles of famous authors including James Joyce and Doris Lessing through personal letters and documents.
AI Puts 2.1 Million UK Jobs at Risk, OBR Says
OBR analysis reveals over 2 million jobs in key UK sectors face AI automation. Discover the Treasury's response and the potential impact on the economy.
Deutsche Börse in £5.3bn Allfunds Acquisition Talks
German exchange operator Deutsche Börse is negotiating a potential €6bn takeover of fund platform Allfunds, creating a European investment giant. Discover the implications.
US Broker StoneX Expands Into London Hedge Fund Market
American financial giant StoneX launches ambitious London expansion targeting mid-sized hedge funds with prime brokerage services. Discover how this move shakes up the City.
Emergency Fund Guide: UK Financial Safety Net
Discover why 73% of Brits have under £500 saved and how to build a proper emergency fund covering 3-6 months of essential costs. Expert tips for financial security.
Gambling tax hike could cause UK job losses
Chancellor Rachel Reeves warned that increasing gambling taxes could lead to significant job losses and harm horse racing. The industry contributes £4bn annually in tax. Read the full analysis.
AI Threatens 3 Million UK Jobs by 2035
New research reveals AI could displace 3m low-skilled UK workers by 2035, while boosting demand for professionals. Discover which roles are most at risk.
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Unimetals liquidation puts 650 UK jobs at risk
Unimetals Group, a major UK metals recycler, is on the brink of collapse, threatening 650 jobs just weeks before Christmas. Read the full story on the crisis.
Global Fund faces $6.7bn shortfall threatening disease control
The Global Fund to Fight Aids, TB and Malaria faces a critical $6.7bn funding gap as key donors reduce pledges. This threatens decades of progress against deadly diseases. Urgent action needed.
Two arrested in £20m crypto fraud probe by SFO
The Serious Fraud Office has arrested two men and raided properties in a major investigation into a suspected £20m cryptocurrency fraud linked to Basis Markets. The SFO is urging investors with information to come forward.
Point72 Hires Ex-Bank of America MD Previti
Hedge fund Point72 recruits former Bank of America managing director Michael Previti as macro portfolio manager, strengthening investment team.
Dark Green Fund Launches Hit Record Low in UK
Asset managers are pulling back from dark green fund launches as regulatory uncertainty and high costs bite. Discover why sustainable investment faces headwinds.
Preservation Capital plots £700m investment fund
London-based investment firm Preservation Capital launches ambitious £700 million fund targeting established businesses. Discover their unique investment strategy and market focus.
Landseer AI Fund: 77.3% Return Strategy Revealed
Discover how the Landseer Global AI Fund uses proprietary technology to identify genuine AI investments, delivering 77.3% returns over five years. Learn if it's right for your portfolio.
Tories' £2bn Culture Funding: Why No Recognition?
Former culture commissioner Neil Mendoza questions why Conservative government's massive cultural investments remain unacknowledged by sector. Explore the funding facts.
ExxonMobil shuts Fife plant with loss of 450 jobs
ExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk. Discover the full impact.
SNP: Scotland's £28m fishing fund 'an insult'
SNP minister Mairi Gougeon condemns UK government's £28m fishing allocation for Scotland as 'unacceptable insult'. Holyrood to vote on demanding fair share.
Ex-Point72 Manager Vinay Dhanuka Joins Capula
Former Point72 money manager Vinay Dhanuka moves to London hedge fund Capula, strengthening their investment team. Discover the latest financial sector appointment.
Football Maker's Losses Quadruple After Game Axed
Sports Interactive's pre-tax losses surged to £8.5m after cancelling Football Manager 25. Discover how this strategic move aims to secure the franchise's future.
AI Firms Must Disclose Risks or Face Crisis
Anthropic CEO Dario Amodei warns AI companies must be transparent about risks like job losses and security threats or repeat mistakes of tobacco and opioid industries.
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