Six Nations stakeholder CVC hires Goldman to plot £11bn IPO December 5, 2021 London-based private equity giant CVC Capital Partners is reportedly working with Goldman Sachs to prepare to follow in Bridgepoint’s footsteps with a blockbuster stock market listing. CVC, which boasts Six Nations rugby and RAC among its portfolio, is working with the bank on a potential float that could value it at up to £11bn, the [...]
Triple whammy: SoftBank shares slide 3.5 per cent after rocky 24 hours for Didi, Arm and Grab investments December 3, 2021 Shares in Japanese conglomerate Softbank sank as much as 3.5 per cent today after three of its high-profile investments Didi, Arm and Grab were hit with setbacks in the last 24 hours. The investment giant’s shares dropped as low as 5,423 yen ($47.89) today, before settling slightly higher, but with losses of 23 per cent [...]
Abrdn ramps up digital push and seals the £1.5bn deal for Interactive Investor December 2, 2021 FTSE 100 asset manager abrdn has finalised its £1.5bn takeover of Interactive Investor, the UK’s second-largest fund supermarket, in its third major digital investment this year. In a deal that adds Interactive Investor’s over 400,000 customers and assets under administration of around £55bn to its portfolio, abdrn will acquire 100 per cent of the platform’s [...]
What are bull and bear markets? December 1, 2021 | City Talk TLDR Bull market 👍 Bear market 👎 The terms “bull” and “bear” can be used to describe the behaviour and condition of financial markets or individual assets, reflecting substantial trends of 20% either upwards or downwards respectively, typically over a sustained period of time. They are also terms that reflect the sentiment of investors. Investors being [...]
The long view: Cathie Wood’s ARK nabs 1m Twitter shares as Dorsey steps down December 1, 2021 Cathie Wood, the well-known U.S. investor and founder of ARK Investment Management, loaded up on 1m Twitter shares on Tuesday as the social media giant’s stocks hit a 12-month low in the wake of founder Jack Dorsey’s decision to step down as CEO. AEK Investment Management, which already has one of the biggest shareholdings in [...]
Peel Hunt revenue and profit sink from pandemic highs in its maiden results December 1, 2021 Peel Hunt, the London broker for mid and small-cap companies, said its revenue dropped by almost a quarter in the six months to 28 September, immediately prior to its £280m listing on London’s AIM market at the end of that month. Revenue sank 23.4 per cent to £71.4m, down from £93.2m in the same period [...]
Getting schooled in risk: The lessons of poker November 30, 2021 | City Talk Getting rich slowly in the markets is an achievable goal. Just find the risks that everyone else irrationally hates right now. That’s the one that is available at the right price and will yield good returns. Now, while it’s simple, it’s not easy. Winning the gold medal in the 100 metres is simple – just [...]
DX Group shares regain some ground after activist fund Gatemore builds stake and demands seat on board November 29, 2021 AIM-listed delivery company DX Group’s shares jumped as much as 13 per cent today after activist fund Gatemore Capital Management sent a letter to the company announcing it had built a substantial stake and requested a seat on its board. In a letter to DX Group’s board members this morning, Gatemore said it had accumulated [...]
Lord Sainsbury’s family office plots £253m investment into private equity funds November 29, 2021 Lord David Sainsbury, the great grandson of Sainsbury’s founder, plans to bet big on private equity funds through his family office Innotech Advisers, according to a UK registry filing. The London-based firm, which has stepped away from public markets to invest in private companies – predominantly through loans and participation in limited partnerships with independent [...]
AJ Bell wades into commission-free retail investing space and plots launch of new app ‘Dodl’ November 29, 2021 AJ Bell has today announced it is wading into the crowded low-cost retail investing space with the planned launch of a new “easy to use” app called Dodl, to sit alongside its existing consumer platform Youinvest. In an effort to compete with the lowest cost investment platforms in the market and attract first-time investors, Dodl [...]