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 [...]
Molten Ventures’ tech bets pay off as portfolio value leaps almost 30 per cent to £1.35bn November 29, 2021 Molten Ventures, formerly Draper Esprit, has seen a 27 per cent jump in its portfolio value to £1.35bn in the last six months, the London-listed tech venture capital firm said this morning. In its first interim results since floating on London’s main market in July, the firm said the value of its tech investments had [...]
UK ‘impact’ startups gain £2bn firepower in 2021, driven by climate tech sector November 29, 2021 Impact startups in the UK – defined as those founded to actively build solutions to the United Nations’ Sustainable Development Goals – have raked in £2bn in investment this year, according to a new Dealroom analysis. As investors grow increasingly wary of corporate greenwashing, so-called “impact investing” in companies that are founded to generate positive [...]
UK VC fund performance spiked this year – and so did competition for deals November 26, 2021 UK venture capital performance increased sharply in the last year, as the value of funds’ investment picks appreciated almost in line with those of the US, according to research by British Business Bank (BBB) published today. VC funds have seen their total value to paid-in (TVPI) multiple – the metric used to track the value [...]
Hambro Perks looks to be first out of the gate with £150m London SPAC listing November 23, 2021 VC firm Hambro Perks has today announced it is targeting a listing of up to £150m in London via a special purpose acquisition vehicle (SPAC), in what could make it the first out of the gate since the City watchdog overhauled blank-cheque listing rules. Hambro Perks Acquisition Company – the name of the SPAC – [...]