Hipgnosis ramps up legal action against founder as strains deepen February 26, 2024 Hignosis Songs Fund has ramped up legal action against its founder Merck Mercuriadis today in a bid to secure protection from a lawsuit which alleges he stole the idea for the company.
Days of ‘eye-popping’ gains are over for Berkshire Hathaway, Buffett writes February 25, 2024 Warren Buffett warned that the days of "eye-popping" gains for Berkshire Hathaway are over given its huge size and the dearth of attractive investment opportunities.
Standard Chartered chief pockets bumper pay packet as London bosses call for more cash February 23, 2024 The boss of Standard Chartered pocketed a bumper pay rise last year as his total paypacket swelled to £7.8m.
City of London Investment Group reports drop in profit as investments struggle February 23, 2024 The City of London Investment Group (CLIG) announced its 2023 half-year results as for the first time, the group reported in US dollars.
Gilts opened up to retail investors as Treasury seeks new sources of demand February 22, 2024 The changes will allow retail investors to participate in the auctions for the first time, meaning investors can benefit from the slightly discounted prices attached to new bonds.
Lombard Odier called in to build £5bn ESG fund for UK pension savers February 22, 2024 One of the UK’s biggest pension schemes has called in Lombard Odier to build a £5bn ESG fund to pump into companies tackling climate and social issues.
London Stock Exchange is proving a boon, says newly floated funds group Amicorp February 22, 2024 We're loving our London listing, says newly floated funds group
Treasury slams City reform critics as ‘inconsistent’ despite lack of progress February 21, 2024 The Treasury has hit back at suggestions its landmark package of City reform is a “damp squib” today, describing the claims as “inconsistent” and claiming it is moving as fast as it can.
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.