Appetite for investment trusts has fallen to the lowest level in a decade. Could this be the beginning of the end for the sector? February 20, 2024 In trust expert Winterflood's annual survey of its clients last week, it found that expected demand for the investment vehicles had fallen to the lowest level since the questionnaire began 12 years ago.
Plus500 plotting deals spree as it readies £138m payout to shareholders February 20, 2024 Retail trading platform Plus500 topped market expectations and announced plans to put $175m back in shareholders pockets today despite a squeeze on revenues and profits over the past year.
Who owns investment companies? Data reveals institutional dominance February 19, 2024 Institutions hold half of all the shares in investment companies by value, or £89bn of the holdings, according to new data from the Association of Investment Companies (AIC). Analysing £177bn of shareholdings, or 87 per cent of the industry’s total market cap, the data revealed that wealth managers hold 25 per cent of all shares, [...]
London Stock Exchange boss set for multi-million-pound pay rise despite listings slump February 19, 2024 The boss of the London Stock Exchange Group is in line for a multi-million pound pay rise despite a drop off in fresh listings and fears over the future of its flagship bourse, according to reports
Abrdn logistics trust delays dividend amid potential takeover February 19, 2024 The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, the trust’s board said it had received a number of “broad ranging preliminary, indicative non-binding proposals” to purchase or merge the trust. It added that [...]
Hunt must ‘roll out the red carpet’ for firms looking to IPO, City group warns February 19, 2024 The government needs to “roll out the red carpet” for companies mulling an IPO to solve the listings drought, a top City body has warned.
UK political disruption threatens £100bn infrastructure boost, insurers say February 19, 2024 Public sector bodies must given greater powers to ease the impact of "short-term political disruption” if top investors are to pump up to £100bn into UK infrastructure projects, a new report has warned.
Deloitte set to shrink UK deals unit after profitability review February 18, 2024 Consultancy firm Deloitte is set to downsize its UK deals unit following a profitability review.
Expect more real estate investment trust mergers as the age of the ‘big box behemoth’ dawns February 18, 2024 News about real estate investment trusts (REITs) merging with each other have rapidly emerged this year, as the sector looks to embrace economies of scale.
How are AI hedgies finding the next Nvidia and what are they betting big on? February 16, 2024 As Nvidia becomes Wall Street’s third most valuable company, where else are hedgies looking to place their AI related bets?