3i Infrastructure ‘delighted’ as investment portfolio delivers £157m return November 8, 2018 British infrastructure investment fund 3i today hailed a rise in net asset value per share today as its portfolio delivered a return of £157m. The figures The fund's total return rose to £157m for the six months to September, up from £121m for the same period last year. This represents a 9.3 per cent return on its opening [...]
Game Digital narrows losses as it chases high margins with e-sports venture November 8, 2018 Game Digital narrowed its losses but still saw sales fall in its full year results published today. The figures Revenue came in flat ar £782.3m in the year to the end of July, while the video game retailer made a loss before tax of £7.4m, 26 per cent better than 2017's £10m, as the retailer bumped up cash [...]
How emerging markets have changed over the past 20 years November 8, 2018 | City Talk The transformation of emerging markets has been remarkable. The countries and companies that dominated 20 years ago have changed dramatically, influenced by the major geopolitical, economic and demographic changes that have taken place over this time. Navigating these changes can be complex, but these developments underline the importance of taking a flexible, active approach and [...]
Asset managers call for greater transparency in the bond market November 6, 2018 Asset management firms have called for increased clarity in the bond market, saying that the poor availability of data is undermining transparency in the sector, according to the industry body. Investment Association members have called for the industry to improve the availability of data by developing an electronic system which would provide real time data [...]
Shocktober: Seven charts that tell the story of the stock market’s worst month in six years November 6, 2018 | City Talk World stock markets fell 7.4 per cent in October as investors fretted about issues such as US-China trade tensions, European political uncertainty and the end of quantitative easing. The sell-off made it the worst monthly performance for stocks globally in the last six years and it’s the tenth worst in the last decade, as measured by the [...]
The Cryptoassets Taskforce Reports – Missing the Point November 6, 2018 Let me take you back 20 years to 1998 and the days when modems sang to us. In most of the boardrooms around the land those even considering the matter where trying to figure out what use this web thing might be to them, as another smart tech salesperson packed away their gear hopeful of [...]
Ex-CEO returns to troubled stockbroker Cenkos 18 months after he left November 5, 2018 Former chief executive of City stockbroker Cenkos Securities, Jim Durkin, has returned to the company just 18 months after stepping down. Shares were up by two per cent after the announcement that Durkin, who stepped down in May after five years in the role and was replaced by former Bank of England economist Anthony Hotson, [...]
How has the US stock market performed around midterm elections? November 2, 2018 | City Talk After a torrid October for stock markets, there is concern among investors that the US equity market could yet have further to fall, with a combination of macroeconomic factors and political tensions clouding the outlook. The latest political event on the agenda is the US mid term elections, which could define the remainder of Donald [...]
Asset manager Janus Henderson revenue loss driven by performance fee drop November 1, 2018 A decline in UK and European fund performance drove a revenue drop at asset management firm Janus Henderson in the third quarter. Revenue fell from $477.7m (£369.7m) in the second quarter to $468.9 between July and September this year following a dip fees after several large European equity strategies, absolute return products and mutual funds performed [...]
Carpetright remains under pressure as store closures mean like-for-like sales ‘remain negative’ November 1, 2018 Low sales have forced British retailer Carpetright to close 67 stores in the first half of the year, it said today. The FTSE 250 firm closed those that failed to reach sale targets, with six further retail sites expected to shut shop by the end of 2018, the company told investors today. Carpetright did not share sales [...]