Russian miners Evraz and Polymetal set to fall out of FTSE 100 in quarterly shake up March 1, 2022 London listed Russian mining firms Evraz and Polymetal are set to be shuffled out of the FTSE 100 tomorrow in the index’s quarterly review.
Spotlight on SPACs: more risk than opportunity? March 1, 2022 | City Talk It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment. While special purpose acquisition companies (SPACs) have been around for decades, they have attracted unprecedented interest and investment since the first wave of Covid-19. Amid this recent boom, entrepreneur Richard [...]
Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
Man Group profits surge as assets under management hit $148.6bn March 1, 2022 Asset management firm Man Group reported a surge in profits today as its total assets under management (AUM) soared to a new high of $148.6bn.
London small business investment surges past £10bn in 2021 March 1, 2022 Equity investment in to London’s smaller firms surged past £10bn in the first three quarter of 2021 as investors looked to capitalise on the economic recovery of businesses in the capital, fresh data has revealed.
Arm boss pushes through management shake up as firm prepares for IPO February 28, 2022 The new boss of British chipmaker Arm has ordered a management shakeup that will see half of the firm’s top bosses culled as it heads for a major initial public offering (IPO) next year.
Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
London-based Hiro Capital launches €300m fund to target videogames and metaverse tech February 28, 2022 London-based investment firm Hiro Capital has launched a second €300m fund today to target emerging gaming and metaverse technologies, as it looks to capitalise on a wave of so-called ‘Web3’ innovation.
Ukraine crisis: what does it mean for asset allocation? February 28, 2022 | City Talk Russia’s invasion of Ukraine, which is having devastating human consequences, has increased the risk of a stagflation environment – one of slowing economic growth but high inflation. How should investors prepare for this possible scenario? Our analysis reveals which asset classes are likely to outperform if it comes to pass. Our live blog on the Ukraine crisis [...]
Abramovich-owned steelmaker Evraz plunges in value as sanctions spark investor exodus February 28, 2022 Shares in Russian steelmaking giant Evraz plunged over 20 per cent this morning as Western sanctions sent the Russian economy into chaos, with the rouble falling over 28 per cent.