Blackrock set for layoffs as asset management industry adjusts to downturn January 10, 2024 Blackrock is set to cut around three per cent of its global workforce this year as it adjusts to shifts in the global asset management sector.
Irish ‘unicorn’ rules out London IPO after spat with FTSE 100 private equity firm January 10, 2024 An Irish tech ‘unicorn’ has ruled out a potential London IPO after a bitter spat with FTSE 100 private equity giant Intermediate Capital Group (ICG), which holds a ten per cent stake in the firm, City A.M. has learned.
Cheap London firms in crosshairs of trigger-happy activist investors in 2024 January 10, 2024 Activist investors are circling the London Stock Exchange this year in a bid to capitalise on the “significant valuation gap” facing UK firms, a new report has claimed.
Chancellor meets with City grandees over London’s listings crisis January 9, 2024 Chancellor Jeremy Hunt held talks with top City chiefs on Tuesday as part of the government's efforts to attract more listings to the London Stock Exchange.
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.