Goldman Sachs-backed Petershill’s fee earnings hit by dealmaking slump March 26, 2024 Petershill Partners has posted a drop in earnings from its partner firms' fees amid a "challenging external backdrop" as higher interest rates stifled dealmaking last year.
British investors buck trend and pour more money into UK equities March 26, 2024 UK investors have changed their tune on the British stock market, with the number holding UK equities having jumped by 10 per cent over the last three months. In Etoro’s Retail Investor Beat, which surveyed 1,000 UK investors, 80 per cent said they now have cash in UK equities, the highest level in over a [...]
The UK’s biggest ISA pots revealed March 25, 2024 The UK’s biggest ISA pot is worth over £11.6m, according to new data from HMRC revealed in a Freedom of Information request.
Bumper buybacks and ‘attractive’ dividends boost UK’s world-leading shareholder yield March 25, 2024 UK fund managers are seeing a "material boost" from bumper share buybacks, according to broker Hargreaves Lansdown, as investor returns rebound from a pandemic slump.
Baillie Gifford’s Shin Nippon trust had a terrible 2023. Can it fix its problems? March 25, 2024 After a year of abysmal performance, the board of Baillie Gifford’s Shin Nippon trust have pledged to commit to a major tender offer if its problem persists. In the trust’s 2023 results today, the investment trust revealed that the trust’s share price had declined by 20.5 per cent, while net asset value declined by 14.9 [...]
Peel Hunt-backed Retailbook lands £2.5m ahead of expected green light from City regulator March 25, 2024 Investment bank Peel Hunt has announced that Retailbook, the company it founded to give retail investors access to IPOs, has raised £2.5m as it expects imminent authorisation from the City regulator.
Meet the fund managers: Investing in the American dream March 25, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Gary Robinson, fund manager of Baillie Gifford US Growth Trust
What could Elliott’s stake in Scottish Mortgage mean? March 24, 2024 News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
Peel Hunt head: Government ‘obsession with private capital’ caused equity market disaster March 21, 2024 Speaking at the Association of Investment Companies conference today, Hall highlighted "the need to have UK investment in UK assets", describing it as "central to having a healthy economy".
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]