EP: 239 Cheltenham & Hong Kong November 17, 2023 It’s the three-day November meeting at Cheltenham this weekend with the Paddy Power Gold Cup the highlight on Saturday and the Greatwood Hurdle featuring at jumps HQ on Sunday. City AM Racing editor Bill Esdaile previews the best of Cheltenham’s weekend racing action, with Wally Pyrah discussing Sunday’s meeting in Hong Kong. Hosted by Chris [...]
London Stock Exchange: Trade volumes crash by a third in just a year November 17, 2023 The figures come as boss David Schwimmer told The Sunday Times that the firm was more than just the home of the FTSE 100 index.
Can Royal Mail owner IDS turn itself around? November 17, 2023 Royal Mail owner IDS Losses are widening for the group, badly burned by heavy strike action and complaints. Can it turn its fortunes around?
Spotlight on Slater and Gordon work as lawsuit alleges ‘secret commissions’ November 17, 2023 Law firm Slater and Gordon could be forced to pay out more than £500,000 in compensation after several clients sued the firm for being pushed to take out insurance policies because it was allegedly receiving "secret commissions" from the insurer.
Transport for London gets Moody’s upgrade despite funding concerns November 16, 2023 Credit ratings agency Moody's has given TfL's finances a vote of confidence, amid city calls for more funding ahead of the Autumn statement.
Equity funds see largest outflows since mini-budget scare November 16, 2023 Equity funds suffered outflows of £1.20bn in October. It was the sixth consecutive month of selling and the largest since September 2022.
Bitcoin rebounds again as crypto markets surge with Cardano, Solana and Avalanche setting the pace November 16, 2023 Bitcoin has rebounded from yesterday’s drawdown to post 5% gains in the last 24 hours as Cardano, Solana and Avalanche lead the markets.
Allfunds partners with Goldman Sachs and Citigroup to strategise sale amid gauging takeover interest November 16, 2023 The fund distribution platform is looking at Civen, CVC Capital Partners and Permira as potential suitors, according to a report.
Close Brothers to increase hiring and acquisitions after hit to market-facing businesses November 16, 2023 Close Brothers has said "unfavourable market conditions" will hit its asset management and market-making divisions in the first quarter of the 2024 financial year, with the merchant banking group planning to hire more staff and make acquisitions to drive growth.
Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.