Terry Smith: ‘More than usually challenging’ 2023 hits stockpicker’s flagship fund January 9, 2024 LEGENDARY City stockpicker Terry Smith’s flagship equity fund underperformed global stock markets last year but analysts said punters wouldn’t be too ‘miffed.’
Jupiter shares crash to earth as top manager leaves and outflows accelerate January 9, 2024 Shares in London asset manager Jupiter cratered today after it revealed one of its veteran managers would be leaving the firm and outflows accelerated faster than expected towards the end of the year. In a trading update this morning, the London fund house said long-time manager Ben Whitmore, who has been with Jupiter since 2006, [...]
UK equity funds clock third straight year of outflows as investors continue to snub London January 9, 2024 UK equity funds have clocked their 31st consecutive month of net selling and third straight year of net outflows as investors snub the struggling London Stock Exchange for European and US markets.
ESG-focused Impax grows assets despite almost £1bn in outflows January 9, 2024 In a statement to the market, the firm reported that total AUM climbed to £39.1bn at 30 December, up from £37.4bn at the end of September.
No point in a ‘perfect’ stock market if no one’s using it, City figure hits back at Carson Block January 9, 2024 There is no point in having a “theoretically perfect” stock market if no one uses it, a top capital markets figure has hit back at Carson Block.
Government should take ‘direct action’ to block firms floating outside London, City broker claims January 8, 2024 The government should grant itself powers to step in and block some companies from floating overseas or force them into dual listings in London, a top City broker has said.
US firms set to pounce on City’s low valuations as London M&A rebounds January 8, 2024 UK takeover activity is expected to pick up in 2024 as US giants look to snap up their British peers, according to investment bank Peel Hunt, after the market struggled with a dearth of dealmaking last year.
CMC Markets soars 26 per cent after raising income guidance as volatility pulls traders back to its platforms January 8, 2024 CMC Markets has raised its full-year operating income guidance after noting better market conditions.
Exclusive: Treasury urged to call emergency meeting to solve London’s listings crisis January 8, 2024 The Treasury is faced calls to convene an emergency meeting of top City institutions to try and stem the flood of firms away from London’s public markets, City A.M. can reveal.
CMA is like an ‘aggressive chihuaha’, says Elon Musk confidant January 5, 2024 Britain’s competition watchdog is acting like a small “chihuauha” in its “aggressive” interventions against UK deals, one of Silicon Valley’s most high profile tech founders has claimed.