As seen on TV: We get some tips on investing in film memorabilia September 12, 2018 I wasn't expecting to, but I grinned excitedly when I saw – with my very own eyes – two of the wand boxes from the first Harry Potter film. Maybe that’s just my inner fangirl shining through, but it’s that emotional reaction that has made the film memorabilia industry so huge. It’s that rare glimpse [...]
Private equity group Abraaj closes London office as cost-cutting continues September 11, 2018 Dubai-headquartered private equity giant Abraaj is closing its London office as part of cost-cutting measures ahead of the sale of its fund management unit. Liquidator PwC confirmed the closure of the company's Mayfair base and said it is part of normal money saving activities during an insolvency process. Read more: TGI Friday’s private equity owner Electra ends buyout talks The [...]
Six warning signs for fund investors September 11, 2018 | City Talk Knowing when to avoid or sell a fund can be tricky. Rob Morgan highlights some of the warning signs Charles Stanley’s Collectives Research Team look out for and how they spot them. Fund manager change This is probably the most obvious warning sign, but it doesn’t necessarily make the fund a ‘sell’. Many funds [...]
Family-owned businesses ‘outperform’ peers in all sectors September 10, 2018 Family-owned businesses outperform their peers across all regions and sectors, and deliver stronger revenue growth and higher profitability, according to new data published today. A longer-term outlook, less of a reliance on external funding and investing more in research and development are all contributing factors to the success of family or founder-owned firms. Read more: [...]
The winners of the 2018 Wealth & Money Management Awards September 10, 2018 | Sponsored Imperium Investments have received two awards at the 2018 Wealth & Money Management Awards. The company received the title of Best Wealth Management Firm – South-East England. They also received the Award for Excellence in Social Impact Initiatives. Returning for the 5th consecutive year, the 2018 Wealth & Money Management Awards are dedicated to rewarding [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
Activist hedge fund Elliott demands restructure at Hyundai Motor Group September 7, 2018 Activist hedge fund Elliott Management has made proposals to restructure Hyundai Motor Group (HMG), after forcing the car manufacturer to abandon its plans. Elliott, which holds $1.5bn (£1.16bn) of shares in the group, has called on Hyundai to install a committee to steer restructuring plans and discuss shareholder returns and board makeup. Read more: UK [...]
Does your child have a forgotten £1,000 nest egg? September 7, 2018 | City Talk Child Trust Funds (CTFs) were once a popular way to save for children. They were introduced in April 2005 to encourage long-term saving and give all children a financial boost by the time they reached 18. The government sent vouchers to parents of between £250 and £500 to give accounts a head start, and family [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 | City Talk As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]