Credit Suisse hires new finance chief in boardroom shake-up August 22, 2022 Embattled Swiss lender Credit Suisse has hired Deutsche Bank’s Dixit Joshi as finance chief and promoted Francesca McDonagh to chief operating officer as it looks to reset after a string of crises.
Invesco launches metaverse fund to tap into ‘£1.4tn opportunity’ August 22, 2022 Investment management firm Invesco has launched a new fund dedicated to metaverse-related equities today as it looks to tap into a “£1.4tn boost to the economy”, the firm said.
Chrysalis portfolio slides 23 per cent as Klarna plunges in value August 22, 2022 Prolific tech investor Chrysalis Investments said the value of its portfolio had plunged 22.8 in the second quarter of the year as its stakes in firms including Klarna and Starling tumbled in value.
Buffett’s Berkshire Hathaway gets greenlight to buy 50 per cent of Occidental Petroleum August 21, 2022 Warren Buffett’s investment giant Berkshire Hathaway has got the go ahead from a US energy regulator to buy up to 50 per cent of oil firm Occidental Petroleum.
‘Dry powder’ falls as rising interest rates choke off cheap cash for investors August 21, 2022 The amount of cash being sat on by private market investors has tumbled this year as central bankers roll out more aggressive rate hikes and choke off a stream of cheap cash.
BlackRock warns US greenwashing rules could confuse investors August 21, 2022 The world’s biggest asset manager BlackRock has warned a US watchdog that planned rules to clampdown on “greenwashing” risk confusing investors and could force firms to disclose company information publicly.
SoftBank shed Alibaba stake to show finances were ‘rock solid’ August 21, 2022 Japanese investment giant SoftBank shed a major chunk of its stake in Alibaba to show investors its finances were “rock solid” in the wake of a $23bn loss in the second quarter, its finance chief has said.
Best ETFs for an environment with rising interest rates August 19, 2022 | City Talk On 4th August, the Bank of England raised interest rates by an outsize 0.50% – the largest single increase since 1995, taking the Bank Rate to 1.75%. This follows on from the Fed’s second 0.75% rate hike on 27th July, as Central Banks try to rein in inflation. Whether or not interest rate rises will [...]
AGM attendance soars as shareholders press for change on ESG August 19, 2022 The number of shareholders attending annual general meetings has soared in the past year as shareholders look to hold bosses to account on issues like environmental, social and governance (ESG) and pay issues. Investors going to annual meetings has jumped 134 per cent in the past 12 months, according to data from over 4,700 global [...]
Adyen shares plunge as costs squeeze profit margins August 18, 2022 Shares in Dutch payments giant Adyen plunged this morning after it reported its profit margins were squeezed by a jump in travel and event costs in the first half of the year, at it notched a 37 per cent surge in revenue.