Hipgnosis warns of overcharging issues after inflating its value March 18, 2024 The board of the embattled investment trust Hipgnosis Songs Fund has reduced its estimated operative net asset value (NAV) by 7.6 per cent after admitting it had mistakenly double counted accrued revenue. The error inflated the trust’s operative NAV from $1.995bn to $2.103bn, and the trust’s board has laid the blame for the mistake at [...]
FCA: Cum-ex trader hit with £5.95m fine for ‘sham’ trading scheme March 18, 2024 The Financial Conduct Authority has slapped a so-called cum-ex trader with a £5.95m fine and banned him from working in financial services today for his role orchestrating a “sham” trading scheme.
Blackrock to face round two with activist investor as anti-ESG pressure builds March 17, 2024 Blackrock is facing a second round with activist investor Bluebell over ESG
Three graphs that show the health of the London Stock Exchange March 16, 2024 The London Stock Exchange has been rocked by exits and a slump in listings over the past year.
Think you can beat the market? Most active managers can’t March 15, 2024 Only 17 per cent of actively managed equity funds beat the index over the last decade, new research revealed.
Could Glencore really ditch the so-called ‘home of mining’ the London Stock Exchange? March 15, 2024 Activist investor Tribeca sent jitters through the City yesterday with the claim that London had lost its lustre for the likes of Glencore - but could it leave?
Who will win the Abrdn property trust bidding war? March 14, 2024 The bidding war over the Abrdn Property Income Trust has reached new heights between Custodian Property Income REIT and Urban Logistics REIT.
GCP Asset Backed Income proposes shuttering trust March 14, 2024 The debt-focused trust's merger with GCP Infrastructure fell through in September after a "significant minority" of the trust's shareholders said they did not support it, leading to a strategic review.
Bridgepoint reports ‘robust’ investment returns despite tough market conditions March 14, 2024 Private equity firm Bridgepoint has posted an 11.5 per cent rise in underlying pretax profit despite "more challenging, but improving, market conditions".
IG Group posts rise in revenue despite lowest market volatility in over five years March 14, 2024 Online trading platform IG Group has posted an increase in revenue in the third quarter despite seeing the lowest level of market volatility in more than five years.