Fortress Capital is a Ponzi scheme, administrators claim amid attempt to bankrupt directors July 8, 2024 Administrators of an investment firm that had been backed by celebrities and footballers have labelled it a Ponzi scheme, and will seek to bankrupt its two directors.
Investment trust industry urges Labour to win ‘early success’ on cost disclosure rules July 8, 2024 The investment trust sector has called for the incoming Labour government to scrap "misleading" cost disclosure rules on the sector that it says are hampering its performance.
Signs of life appear for the London Stock Exchange as activity ‘gathering momentum’ July 3, 2024 Having been in the doldrums for several years, sentiment on the London markets is starting to look up.
Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns July 3, 2024 An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.
Labour candidate’s collapsed FX firm set to leave customers £13m out of pocket July 3, 2024 Customers of the collapsed payments firm owned by Labour candidate Rajesh Agrawal are set to recover as little as ten per cent of the £15m they lost when it folded into administration last year, administrators have revealed.
Sajid Javid set to join $42bn investment firm Centricus July 2, 2024 Sajid Javid is set to join asset management and private equity giant Centricus as a partner next week as he exits parliament after the election, the company has announced.
Private fund manager Mercia gears up for boost from Mansion House Compact July 2, 2024 Mercia Asset Management has said it plans to reclassify as a trading company and cease to be an investing company as the firm focuses on its profitable funds under management.
‘The jack is out of the box’: London-listed firms picked off as UK dealmaking springs to life July 1, 2024 A raid on London listed firms has accelerated in the opening months of the year as cashed up corporate buyers take advantage of a perceived valuation gap on London’s markets, new figures have revealed.
Panmure Liberum adds two new units and names top team after merger July 1, 2024 Panmure Liberum has launched two new divisions and confirmed its executive team after the completion of the landmark merger between two of the City's leading brokers.
Apax X sells stake in Spanish real estate platform to private equity firm Cinven July 1, 2024 The Apax X Fund, backed by investment trust Apax Global Alpha (AGA), has sold its minority stake in idealista, a Spanish online real estate classifieds platform, to private equity firm Cinven.