FTSE: Analysts most bullish on UK stocks since before Brexit as London ‘potentially undervalued’ January 29, 2024 Analysts are the most bullish on UK stocks in at least eight years, according to new analysis, as the market’s recent underperformance has made shares cheaper.
Private credit lenders might be storing up future problems, Bank of England official warns January 29, 2024 Foulger said some of the actions to support borrowers "delay or mask" vulnerabilities rather than addressing underlying issues.
Troubled investment trust D9 confirms ‘managed wind down’ after debt and share woes January 29, 2024 Digital 9 Infrastructure (D9) has confirmed it is winding down the company after it bought too many companies and struggled with the debt.
Start-up backlash: Treasury looks to soften controversial rule change after fury from investors January 26, 2024 The City minister is set to meet top start-up groups next week to discuss softening its controversial investing rule changes, after a backlash from the industry and pressure from another government department.
Victoria Scholar: Women and youngsters the biggest winners amongst retail traders January 26, 2024 Victoria Scholar on the winners and losers amongst traders, Premier Foods' mince pie success, and much more
Takeover failure: UK’s Elementis rejects US private equity bid January 25, 2024 US private equity firm KPS Capital Partners has been rejected in its takeover offer for UK-listed chemical company Elementis. Elementis rejected a 160p per share takeover, with Reuters reporting that the firm’s board wanted around 180p. The firm is currently trading on 139p per share. Elementis has been under pressure for months from its shareholders [...]
Liontrust starts search for new chair following GAM fiasco January 25, 2024 Liontrust has begun to search for a new chair following its failure to purchase Swiss asset manager GAM last year. Alastair Barbour, who has sat on the firm’s board for 13 years and has been chair of the asset manager since September 2019, is set to be replaced. Sky News reported that Liontrust had been [...]
ESG Backlash: Investors are pulling more cash from sustainable funds than they’re putting in January 25, 2024 Sustainable funds saw their first net redemptions ever in the last quarter of 2023, according to a report from Morningstar, as further questions are asked over the value of ‘ESG’. Environmental, social and governance- focused funds experienced $2.5bn (£1.96bn) of outflows, as US investors pulled a record $5bn from sustainable funds, while European investors still [...]
Lloyds Bank private equity arm exits London-based tech firm January 25, 2024 Lloyds Bank’s private equity arm LDC has exited its investment in London-based cloud and digital services provider Kerv after three years in the firm. As part of the transaction, Bridgepoint Development Capital has invested in Kerv for a majority shareholding and LDC has reinvested £30m to support the continued growth of the business. Within the [...]
IG Group shares down: ‘Unexciting markets’ cause 21 per cent profit drop January 25, 2024 IG Group experienced a 21 per cent drop in adjusted profits before tax in the second half of 2023, which acting CEO Charlie Rozes credited to “unexciting markets” for its clients. The group’s share price fell 9.5 per cent on open this morning, before recovering slightly. Speaking to City A.M, Rozes said that he thought [...]