3i Group: Dutch supermarket Action continues strong performance June 27, 2024 3i Group, the country's largest investment trust, has reported its main holding Action has "continued to perform strongly".
Regional REIT launches £110.5m capital raising to stave off bankruptcy June 27, 2024 Regional REIT has laid out plans to raise around £110.5m from a new share offer.
Labour candidate’s failed FX firm held £2.7m for company embroiled in bribery scandal June 27, 2024 The collapsed foreign exchange (FX) firm owned by Labour candidate and former deputy mayor of London, Rajesh Agrawal, was holding millions of pounds in cash for a Maltese company linked with a bribery scheme, City A.M. can reveal.
City slams FCA’s £90,000 rebrand plans as a ‘total waste of money’ June 26, 2024 News that the Financial Conduct Authority (FCA) has committed almost £90,000 to a “brand refresh” has left the Square Mile fuming, with one City figure describing it as a “total waste of money”.
FCA under pressure to block Shein listing over forced labour concerns June 26, 2024 The Financial Conduct Authority is under pressure to block the listing of fast-fashion giant Shein due to concerns over the company’s alleged use of forced labour in its supply chains.
Where next for Liontrust? June 26, 2024 Liontrust's annual results this morning were disappointing, as the asset manager reported it had fallen into the red.
Apax Global Alpha launches ‘flexible’ capital allocation framework and kicks off buyback June 26, 2024 Private equity investment trust Apax Global Alpha has unveiled a new capital allocation framework and kicked off a share buyback programme to take advantage of "wide discounts", also announcing the retirement of its long-serving chair.
Alliance Trust and Witan Investment Trust agree to merge in sector’s largest deal to date June 26, 2024 Two massive investment trusts have agreed to the largest merger from the sector ever, as Witan investment trust is set to be rolled into Alliance trust.
Liontrust falls into red as performance fee revenue collapses June 26, 2024 Liontrust fell into the red this year after investors pulled over £6bn from its funds, up from the already brutal £4.8bn the year before.
Phoenix Group to explore potential sale of Sunlife June 26, 2024 Phoenix Group, the UK’s largest long-term savings and retirement business, has revealed that it will explore a possible sale of its Sunlife business.