Asda tycoons’ private jets flew to the Caribbean 50 times, data reveals April 22, 2024 The private jets of Asda's billionaire owners, the Issa brothers, flew between London and the Caribbean more than 50 times over a two-and-a-half-year period, City A.M. can reveal.
Hipgnosis would back Blackstone bid if it makes firm offer as bidding war heats up April 21, 2024 The board of Hipgnosis has said it would recommend a bid from private equity giant Blackstone to its shareholders if the company makes a firm offer.
Takeover battle looms for Hipgnosis as Blackstone makes bid April 20, 2024 A takeover battle has begun brewing for Hipgnosis Songs Fund, after Blackstone revealed today it would be making a rival bid.
Why City of London firms are plotting a revolt against the FCA April 20, 2024 City firms are plotting a revolt against the regulator and calling on top trade bodies to intervene after the Financial Conduct Authority revealed plans to name and shame the firms it is investigating last month.
Redx boss scooped up shares after revealing London Stock Exchange exit April 19, 2024 The boss of pharma firm Redx has scooped up hundreds of thousands of shares in the company after its share price collapsed on the news it would scrap its listing on the London Stock Exchange.
Mondi pulls out of DS Smith bidding war in win for US buyer April 19, 2024 Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.
Man Group: World’s largest publicly listed hedge fund’s assets swell to new record April 19, 2024 The world’s largest publicly listed hedge fund group updated its shareholders with a trading statement
Badenoch accuses FCA of ‘overreach’ with diversity rules April 18, 2024 Kemi Badenoch has accused the Financial Conduct Authority of regulatory “overreach” on diversity and inclusion after the watchdog outlined plans to boost representation in the City.
Cathie Wood’s ARK expands to Europe despite poor performance April 18, 2024 Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. “These funds managed to lose value for shareholders even [...]
The newest finfluencer in town: Neil Woodford April 18, 2024 The former Woodford Equity Income fund manager launched a new blog yesterday called Woodford Views, aiming to "shed some light" on what led to his firm's collapse.