Man Group: Hedge fund sees over £8bn gains as it starts off 2024 ‘strongly’ July 26, 2024 Hedge fund Man Group revealed that it generated investment performance of $11.1bn (£8.6bn) over the first six months of 2024, as it started the year off "strongly".
Reform UK’s Habib prepares for activist investor scrap July 25, 2024 Ben Habib is not a man averse to a fight. Five months ago, Reform UK’s then deputy leader was standing atop a battle bus in Wellingborough laying siege to the record of the Tories and shouting up the benefits of lower income tax and the dangers of net-zero. The months since then have not been [...]
FCA spent too long ‘looking in on itself’ says former executive July 24, 2024 The Financial Conduct Authority may be sleepwalking into the next financial scandal after spending too long “looking in on itself”, a former senior official has warned. Speaking on the Following the Rules podcast, ex-regulator Gavin Stewart, former chief risk officer at the FCA and a veteran of its previous incarnation, the Financial Services Authority (FSA), [...]
Home REIT sister fund calls in investment manager to lead rescue effort July 23, 2024 A Home REIT sister fund under investigation by the City regulator has called in a new investment manager to try and save it from collapse and salvage tens of millions of pounds of pension cash, City A.M. can reveal.
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
French media firm Canal+ to list on London Stock Exchange in boost for the City July 22, 2024 French conglomerate Vivendi has confirmed plans to spin off and list its television business Canal+ on the London Stock Exchange today, in what would be another boon to the City’s bourse after signs of a revival in recent months.
London-listed mining group plots copper spree after £223m Turkey deal July 18, 2024 London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m (£223m) today.
Private equity giant 3i makes ‘encouraging start’ on back of star performer Action July 18, 2024 The firm's net asset value (NAV) per share rose four per cent to 2,167p at the end of June, up from 2,085p at the end of March.
‘Strong momentum’ continues at investment platform AJ Bell as inflows jump July 18, 2024 Summersgill also said the firm was "actively engaging" with the new government on its pledge to boost retail investment through simplification of the ISA system.
FTSE 100 chief warns a pension poverty crisis looms without sweeping review July 17, 2024 Millions of Brits risk sleepwalking into an impoverished retirement by failing to stash away enough in their pension pots, the UK’s biggest pensions firm has warned, in a call for a sweeping government review of the pension systems.