doceo Watch List July 5, 2022 Discount Watch: 9 That’s the number of trusts whose discounts hit 52-week highs over the last seven days – an improvement on last week’s 14. Of the nine, three make an appearance for the second consecutive week: UK investor Diverse Income Trust (DIVI); Baillie Gifford European Growth (BGEU); and European big box investor Tritax EuroBox (EBOX). Sector-wise, property and private equity [...]
HgCapital and a dash of HG Sauce July 5, 2022 Inflation on the up; recession threat rising; markets in the land of the bears – just three of the issues confronting the private equity sector today. Standard operating procedure for investors in private equity investment trusts when faced with such a backdrop? Assume heavy NAV markdowns, a dearth of realisations and significant widening of discounts. [...]
Delivery mayhem: Unite confirms Royal Mail manager strike from 20 July July 5, 2022 Over 2,000 Royal Mail managers will strike later this month as the battle over job and pay cuts continue to haunt the company. The Unite trade union said this afternoon that industrial action would immediately impact the postal and parcel service in the UK, with strikes set to take place between 20 July to 22 [...]
Take part in Maggie’s London Night Hike July 5, 2022 | Sponsored see London like you’ve never seen it before – all whilst shining a light to help people with cancer Maggie’s Barts is encouraging people to walk 10 or 20 miles on 30th September – head out after dark, pass iconic landmarks and support your local Maggie’s centre at St. Bartholomew’s Hospital. On the hike you’ll [...]
Price of Bitcoin is up, but struggling to reach $20,000 July 5, 2022 The price of Bitcoin (BTC) is up over the past 24 hours this morning, but has struggled to convincingly break through the $20k mark.
The next 75 years: will generalists or specialists prevail? July 5, 2022 | City Talk To generalise or specialise? From the vantage point of 1947, when four financial analyst societies joined forces to create the federation now known as CFA Institute, that question may have had a different answer than it does for investment professionals today. Concentrated in New York and London, finance was hardly the world-spanning sector of 2022. [...]
MADE hires fresh Chief Customer Officer just months after it slashed 2022 expectations July 5, 2022 Lifestyle brand Made.com has appointed its first ever Chief Customer Officer Dan Elton as it tries to ride its ongoing difficulties. The role will involve leading MADE’s Marketing, Digital and Customer Experience teams, as well as accelerating MADE’s growth in mainland Europe. It comes after MADE slashed its 2022 expectations back in May, with both [...]
European golf chiefs disappointed as LIV stars including Poulter win Scottish Open ban appeal July 5, 2022 European golf chief Keith Pelley says he is “disappointed” after attempts to ban players who have joined the rival LIV Golf series from this week’s Scottish Open were thwarted. English Ryder Cup hero Ian Poulter, who is among the stars to have signed up to the new big-money, Saudi-backed circuit, and 15 other players won [...]
Quiz returns to profit for full year as the party season makes a comeback July 5, 2022 Quiz returned to annual profit this morning thanks to recovering party plans and end of lockdown measures. The British company posted underlying pre-tax profits of £788,000 for the year to March 31 following losses of £9.6m the previous year. It comes after the company reported strong online growth, with a 66 per cent increase in [...]
After EU passes crypto rules, lawyers ask whether the UK will follow suit July 4, 2022 The EU’s landmark Markets in Crypto-Assets (MiCA) regulation, decided last week, will be the world’s first regulatory framework for crypto and could serve as a “benchmark” for the UK’s own legislation, according to legal experts. The MiCA regulation, which will come into force at the end of 2023, will apply to crypto-asset issuers and service [...]