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.
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.