St James’s Place posts five per cent profit fall as inflows slow February 27, 2020 Wealth manager St James’s Place posts a fall in full-year operating profit after the pace of inflows of client cash slowed. The figures St James’s Place reported operating profit of £952m, a fall from the £1bn posted in 2018. This was, in part, due to a fall in new business from £852.7m in 2018 to [...]
Which VCTS and EIS I would buy today February 26, 2020 | Sponsored Tax pressure in Britain is at a 50-year high. Higher earners are feeling the squeeze as many traditional avenues of investing tax-efficiently have been blocked – from pension restrictions to the cuts to buy-to-let tax relief. What tax-efficient options are left? Two increasingly popular options for experienced investors are Venture Capital Trusts (VCTs) and the [...]
EIS investing: A leap into the unknown February 26, 2020 For the uninitiated, investing can often feel like an alphabet soup of different acronyms. But knowing what they all mean can open up a whole new world of options for how to put your money to work. As investors prepare for a number of government changes to how they can invest in startups, City A.M. [...]
London venture capital leads Europe as it doubles funding February 26, 2020 London led venture capital deals across Europe last year as it doubled its funding and the amount raised in the UK hit a record high. In 2019, London-based companies more than doubled the amount of venture capital raised from £2.5bn in 2018 to £5.6bn, according to research by Refinitiv. The number of deals increased from [...]
M&G will continue freeze of its flagship property fund February 25, 2020 M&G is continuing the suspension of its £2.5bn property fund despite making good progress in selling some of the fund’s assets. M&G suspended trading in its flagship property fund in December after investors rushed to withdraw their money. The asset manager blamed the unusually high outflows on Brexit-related political uncertainty, which had made it difficult [...]
Prudential faces break up calls from Dan Loeb’s Third Point February 25, 2020 Hedge fund manager Dan Loeb has called for the breakup of insurance company Prudential after taking a near $2bn (£1.5bn) stake. Loeb’s New-York based investment firm Third Point has built a five per cent stake in the insurance firm and is now pushing for it to separate its Asian and US operations. It comes just [...]
Fund supermarket best-buy lists — Are they bogus or a bargain? February 25, 2020 It should go without saying that choosing the right investment can be challenging. For time-strapped everyday investors, combing through the financial records of individual companies to find a share worth buying can seem like a monumental task. Instead, many people prefer to put their money into investment funds run by professional asset managers who do [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
Fund managers snap up luxury brands on coronavirus dip February 23, 2020 Leading fund managers are buying millions of pounds of shares in luxury brands after significant falls triggered by the coronavirus outbreak. Fund manager Nick Train, along with bosses from Rathbone Brothers, Jupiter and BNY Mellon, are taking advantage of the dip according to the Sunday Times. Train, who manages the Lindsell Train UK Equity fund, [...]
Why global cities could be more valuable than high-performing tech stocks February 21, 2020 | City Talk The most successful company strategies over the last few years all have one thing in common – a data-driven operating platform. Companies such as Facebook, Amazon, Netflix and Google (the so-called FANG stocks) are able to create a significant informational advantage when they use data collected from their platforms. The quantity and quality of this [...]