CMC Markets: Upgraded guidance remains but firm to shed 200 jobs February 5, 2024 The platform issued an update to markets this morning about a bid to "drive efficiencies and control costs", by cutting around 17 per cent of its headcount.
China and climate funds were the biggest losers of January as tech stays strong February 2, 2024 China funds were the worst performing category of any fund in January, while the strength of the tech sector continued to shine. Throughout last month, the average China fund lost 9.2 per cent of its value, followed by UK index linked gilt funds, which lost 5.9 per cent, and Latin American funds, which lost 4.4 [...]
Private equity giant 3i Group boasts strong results thanks to Dutch discount retailer February 1, 2024 Infrastructure giant 3i Group boasted of a "good result" for the last quarter of 2023, thanks in large part to its largest holding, Dutch discount retailer Action.
That’s one in the bag! UK foodtech scale-up lists in… London February 1, 2024 Low-sodium salt manufacturer Microsalt will make its debut on the London Stock Exchange’s AIM market this morning using the ticker SALT.
Cashing out: UK investors were ‘most negative’ last year with exodus from equities January 31, 2024 UK investors were the “most negative” of any country in 2023, withdrawing $1.8bn (£1.4bn) from equity funds throughout the year. Globally, the value of mutual funds rose to $10.7trn throughout 2023, largely due to surging asset prices, undoing the damage done by mass withdrawals in 2021, data from Calastone’s Global Fund Flows report revealed. The [...]
Private investors bail out of UK gilts after mini-budget chaos January 31, 2024 Ownership of UK government bonds (gilts) by private investors have fallen to their lowest level since 1996, dropping 44 per cent in less than three years, according to data from the Office of National Statistics. After peaking in December 2012, ownership of private gilts has been in terminal decline since September 2021. Now, only £3bn [...]
Pay floodgates set to open after trade body gives OK to hikes – report January 30, 2024 Fund management trade body the Investment Association has reportedly written to the chairs of FTSE 350 remuneration committees signalling a change in its position on bosses’ pay packages.
Nvidia ranked second most popular stock by UK retail investors – but who came top? January 30, 2024 US chipmaker Nvidia was the second most popular buy among UK retail investors this month - but what was the most popular stock?
Why one San Fran fintech snubbed Nasdaq for the London Stock Exchange January 30, 2024 Boku is a San-Francisco founded fintech that bucked the trend to float in London in 2017. Charlie Conchie asks its new chief how life has been on the beleaguered London Stock Exchange.
UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’ January 30, 2024 Postings noted that in the Brexit debates "there was probably more debates around fishing quotas than there was around financial services".