British Business Bank launches sequel to billion pound Northern Powerhouse fund March 21, 2024 A new fund aiming to invest £660m in companies across the North of England has been launched by the British Business Bank.
Investors shun social media advice for independent financial media after meme stock saga March 20, 2024 42 per cent of investors said they were using social media "significantly less" than they used to for investing
Amsterdam maintains post-Brexit status as Europe’s share trading hub March 19, 2024 Amsterdam maintained its position as the heart of Europe's equity-trading business, a position it has held over London since July 2021.
Pet retailer Jollyes’ former owner Kester Capital sees robust demand for new fund March 19, 2024 Kester Capital's latest fund has closed £50m ahead of target at £200m as the low mid-market private equity firm attracts new blue-chip institutional investors.
Robinhood launches to UK customers March 19, 2024 Robinhood, the trading and investing app made infamous by the Gamestop saga, has launched in the UK today, after two failed attempts. This is the first step outside the US for the firm, after it shot to global infamy in 2021 as the central player in the so-called meme stock frenzy. The brand tried to [...]
Martin Gilbert: Industry must cut failing funds March 18, 2024 Martin Gilbert said the firm saw a clear route into emerging markets "through both acquisition and organic growth."
Bidding war: Urban Logistics pleads for Abrdn Property to accept bid March 18, 2024 Last week, the Abrdn trust confirmed that it would be recommending to shareholders that they vote in favour of a merger with Custodian, as it had originally planned to before a second offer was made.
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