Tax-saving venture capital trusts buck start-up investment slump August 23, 2023 Venture Capital Trusts which allow savers to make tax-savvy early-stage investments have bucked a funding slowdown this year and boosted the amount of cash they are pushing into start-ups.
Odey Investments to shutter Brook Global Emerging Markets Fund August 23, 2023 Odey Investments PLC has decided to close the Brook Global Emerging Markets Fund, according to a Tuesday letter to investors seen by Reuters.
Liontrust chief accused of tactics ‘bordering illegality’ in GAM takeover spat August 23, 2023 A rebel group of shareholders trying to block the takeover of asset manager GAM have dramatically accused Liontrust boss John Ions of tactics “bordering illegality”.
Investors worth $10tn shun ‘overvalued’ venture capital funds August 22, 2023 Top investors with more than $10tn in assets under management have said they will shun venture capital funds in the year ahead in a worrying signal as the UK tries to get more cash flowing from big investors into start-ups. In a new survey of 178 top institutional investors by Preqin, some 68 per cent [...]
Complacent or cautious? City grandees divided on Government’s Square Mile cheerleading August 22, 2023 City grandees are divided about the pace and scope of the government’s reforms to capital markets, as pressure grows to boost the UK’s financial hub quickly. Responding to growing concerns around the state of London’s capital markets, the government has launched a slew of reviews designed to reinvigorate the City. City minister Andrew Griffith claimed [...]
‘Clouds are lifting’: UBS looks back to the stock market as recession risks recede August 21, 2023 The “clouds have started to lift” on the global economy and investors are beginning to warm to the idea of backing stocks again, according to a UBS executive.
Klarna going ‘all in on AI’ to fuel super-app push August 21, 2023 Klarna is “going all in on AI” as it looks to push beyond its buy-now pay-later bread and butter and take on banks on cheap lending, its global chief said.
GAM calls on rebel investor to ‘accept the realities’ and back Liontrust takeover August 21, 2023 Swiss asset manager GAM has called on shareholders to “accept the realities” facing the firm today as it issued a rallying cry for investors to back its takeover by London rival Liontrust. Liontrust has faced a wave of resistance from shareholders since launching a £96m takeover swoop for GAM in May, with a group of [...]
Home REIT set for shareholder showdown over ditching homeless focus August 21, 2023 Home REIT is set for a fresh showdown with shareholders today as it looks to ditch its social purpose investment strategy in a bid to restore its rental income and steady the ship.
FTSE 100: London markets slip as investors fret over China and global slump August 17, 2023 The FTSE 100 has slipped lower at the open this morning as investors fret over the impact of inflation and a slowing global economy.