Comeback kid: Embattled energy trust seeks to restore London listing after delayed results January 23, 2024 The Asian Energy Impact trust is seeking to restore its London listing after publishing delayed annual and interim results, following months of controversy around the trust. In April, the trust’s shares were suspended after an issue was identified with its 2022 annual results, leading to ‘material uncertainty’ over the fair value of some of its [...]
Abrdn begins cost-cutting push with job losses: Reports January 23, 2024 Asset manager Abrdn is set to cut hundreds of its job as it continues its cost-cutting effort, according to reports.
Leading fund managers: ‘The storm is easing’ – but it’s a fool’s game to second guess the market January 23, 2024 Fund managers at Bailile Gifford said “the storm was easing” on global markets today as the firm’s London-listed US fund narrowed the heavy discount that has plagued firms across the investment trust sector.
Why Whatsapp fines and data fears are reviving the ‘work phone’ January 23, 2024 Regulators have been clamping down on Whatsapp use in financial services - now the work phone may be making a combeack.
Plural launches £342m fund to target new ‘tech titans’ January 23, 2024 Venture platform Plural has launched a second fund aiming to raise €400m (£342.6m) for early stage ‘tech titans’. The firm, which began in June 2022, was founded by Wise co-founder Taavet Hinrikus, along with other entrepreneurs such as Songkick founder Ian Hogarth and angel investor Khaled Heloui. Over the last 18 months, the firm’s original [...]
Rishi Sunak’s former hedge fund sails past peers with £10bn returns January 22, 2024 Rishi Sunak’s former employer The Children’s Investment Fund has raked in the biggest returns of any hedge fund over the past year amid a wider rebound for the industry globally.
Why Rolls-Royce has bucked London Stock Exchange trend after value more than trebles January 22, 2024 Rolls-Royce's valued more than trebled in 2023 and its shares have now recovered to their pre-pandemic level. But how has the iconic brand achieved this success and what could its future hold?
MSCI under fire for ESG ratings ‘biases’ that could cost investors January 22, 2024 A Liberum analyst has hit out at MSCI over its ESG ratings, calling for investors to ignore sustainability ratings from the firm due to “biases” in its ratings methodology that could lose them money. In a Substack blog post this morning, investment strategist Joachim Klement cited a recent paper from Bocconi University that found investors [...]
Accounting watchdog cuts red tape as ministers press regulators for UK growth January 22, 2024 The City’s accounting watchdog has confirmed a newly slimmed down rulebook for companies today as it looks to ease the red tape burden on firms and “support the growth and competitiveness” of the UK.
The activists are coming: Why London-listed firms are worrying about more than just takeovers January 22, 2024 Activist investors are gearing up for an offensive in London, and boardrooms across the City are scrambling to shore up their defences.