Hot in the city: why investors should care about soaring temperatures August 23, 2022 | City Talk As heatwaves become more frequent, city centre buildings will need to adapt. For investors in global cities, keeping a close eye on weather data will become vital. As investors in global cities, we have been using planetary-scale environmental geospatial data since 2019. We have been continuously investigating and mining datasets more commonly found in academic [...]
Ackman’s Pershing Square Holdings falls to loss in ‘challenging’ year August 22, 2022 Shares in Bill Ackman’s London-listed Pershing Square Holdings fell today after the firm revealed its investments slid in value by 26 per cent in a “challenging” first half of the year.
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 [...]