Nick Train: We ‘acknowledge and apologise’ for our poor performance May 28, 2024 Nick Train, manager of one of the largest funds in the UK, has apologised for his poor investment performance, blaming the "malaise gripping the UK equity market".
Cryptocurrency lands on the London Stock Exchange May 28, 2024 A series of product providers have received approval to launch crypto products on the London Stock Exchange.
ETF Ponzi funds: How market bubbles are born every day May 28, 2024 'Ponzi funds' chasing a small number of stocks are inflating asset prices by as much as $500m every day, a new paper has revealed.
Shelved Natwest share sale could give much-needed stock market boost, broker says May 28, 2024 The government's decision to shelve plans to offer part of its remaining stake in Natwest to retail investors has brought past privatisation schemes back into focus.
Intermediate Capital: Shares hit all-time high as asset manager’s profit more than doubles May 28, 2024 Asset manager Intermediate Capital has raised its dividend for the 14th year in a row on the back of bumper annual earnings.
Would Labour’s plans for a British sovereign wealth fund work? May 28, 2024 While we don’t know the details of a Labour manifesto yet, we do have one solid commitment from them: a sovereign wealth fund. “The National Wealth Fund will be a crucial tool in our armoury towards bringing about growth,” shadow chancellor Rachel Reeves has said. Senior City figures have been calling for the establishment of [...]
Softbank to invest $9bn in pivot to AI May 27, 2024 Japanese tech company Softbank is to invest almost $9bn in artificial intelligence, as it pivots away from its traditional venture capital model of investing. Softbank became known globally for its flagship Vision Fund, investing in pie in the sky companies which occasionally translated to a massive win. Most famously, the company invested a staggering total [...]
Why buy-now pay-later firms are still waiting for regulation three years on May 27, 2024 As officials from the Treasury and Financial Conduct Authority sat down with a buy-now pay-later (BNPL) boss to chat through their impending regulatory clampdown last year, frustration boiled over.
Meet the fund managers: Finding bonds in emerging markets May 27, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Victoria Harling, head of emerging market corporate debt at Ninety One.
Cazoo, Getir and Peloton: The Covid high-flyers that came crashing down to earth May 25, 2024 In early 2021, Cazoo, Getir and Peloton were on their way to the moon. All three are now collapsing - where did it all go wrong?