The European Commission (EC) has revised down its GDP growth predictions for the bloc, acknowledging the high cost of living, weak external demand and monetary tightening. In its Autumn 2023 Economic Outlook, the EC expected economic activity would gradually recover but that GDP growth would be 0.6% in both the EU and the European area.…
First Sentier Investors has received all regulatory approvals to form a strategic partnership with boutique European alternative credit manager AlbaCore Capital Group, the asset manager announced. Mark Steinberg, CEO of First Sentier Investors, said that the completion of the group’s majority investment into a strategic partnership with AlbaCore would diversify the range of investment capabilities…
Energy investment within Europe is set to decline, according to an ING report, as European utilities grow more selective In European Utilities Outlook: More Investment but More Selective in 2024, ING’s head of corporates sector strategy Nadège Tillier noted that investment grew by 10% a year between 2018 and 2022. Despite this, she contended 2024…
Asset manager Robeco has appointed Ana Claver to the role of head of Europe wholesale and Nick King to head up its new ETF platform. Claver (pictured) will oversee the wholesale teams, the firm said, as well as develop and execute strategic plans for the wholesale division in Europe, aligning with Robeco’s overall objectives. Madrid-based…
Green bonds are propelling the worldwide ESG debt market, according to analysis by Bloomberg Intelligence, writes Laura Miller. The resilience of the green bond market in the first nine months of the year saw issuance exceed $505bn – or 48% of total sustainable issuance – up 8% on the same period last year. Social bond…
France has been identified as the second-largest start-up “ecosystem” on the continent. The claim was made in an article on the site Maddyness, which also posited that Paris was set to become a ‘boomtown’ for investment in artificial intelligence (AI). Hugo Borensztein, co-founder and CEO of AI platform Omi, who was interviewed for the piece,…
MEPs have voted to adopt a new voluntary standard over the use of the ‘European Green Bond’ label. According to the European Parliament, the regulation – adopted by 418 votes in favour, with 79 against and 72 abstentions – lays down uniform standards for issuers who wish to use the designation ‘European green bond’ or…
Financial institutions are increasingly embracing a ‘digital revolution’, according to analysis by global fintech group Broadridge. The report, Digital Transformation Enters a New Phase – Here’s What Comes Next, found more than half of participants saying digital transformation was the most-important strategic initiative for their company, with almost three-quarters (71%) suggesting AI had changed how…
Berlin-based firm Upvest has signed a partnership with BlackRock to open up Europe’s investment landscape to retail investors. Upvest said BlackRock had participated in its €30m 2023 funding round alongside existing investors Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures and 10x Capital. The company added that its Investment API helps institutions…
Increasingly tight regulatory regimes around Europe are making the landscape around foreign direct investment (FDI) harder to navigate. That is the view posited by law firm Ashurst in its newly released Foreign Investment in Europe: A World of Opportunity report, looking at the new and various hurdles that have been put in place. “In recent…
Venture capital (VC) money flowing into Europe has “skyrocketed” in recent years, according to Invest Europe, formerly the European Private Equity & Venture Capital Association. The body’s Venture Capital: Fuelling Innovation Report found venture capitalists had invested more than €96bn in almost 27,000 European companies over the last decade, with €18bn of that coming in…
A framework for classifying organisations, funds and indices as sustainable investments – by Laura Miller Clarity AI has launched a sustainable investment index and ETF methodology, which aligns with the Sustainable Finance Disclosure Regulation (SFDR). According to the sustainability technology platform, the methodology will help index and ETF providers build, define and market products falling…
