Odey Asset Management pushes to restructure funds July 1, 2023 Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him.
FTSE 100 close: London markets end week higher after boost from US GDP June 30, 2023 London markets closed the week higher on Friday after revised US growth figures showed the world’s largest economy was performing better than expected. The capital’s premier FTSE 100 index rose 0.91 per cent to 7,538.36 while the midcap FTSE 250 climbed 0.90 per cent to 18,434.23. Investors were buoyed by stronger than expected growth in [...]
FTSE 100 close: Interest rate jitters drag down Persimmon and Taylor Wimpey June 29, 2023 London’s FTSE 100 slipped today as investors fretted over central banks keeping interest rates higher for longer. The capital’s premier index dropped 0.38 per cent to 7,471.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.77 per cent to 18,270.73 points. Losses in [...]
London Stock Exchange chief slams pension schemes over attempt to block City reform June 29, 2023 The chief of the London Stock Exchange has hit back at a group of top pension funds today after they warned that reforms to boost the appeal of London risked “watering down” investor protections.
CAB Payments chief: Why we’re listing in London June 29, 2023 Bhairav Trivedi, the chief of Sutton-based money transfer firm CAB Payments, tells Charlie Conchie why he's listing in London
FTSE 100 close: Tumbling pound boosts London index as Ocado slides June 28, 2023 London’s FTSE 100 sprang higher today, aided by the pound clocking a dreadful day. The capital’s premier index jumped 0.52 per cent to 7,500.50 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, leapt 1.98 per cent to 18,412.81 points. Early advances in the City [...]
FCA risks ‘watering down’ investor protection in bid to revive London, 10 top pension funds warn June 28, 2023 The Financial Conduct Authority risks “watering down” investor protections in its push to revive the appeal of London’s markets, a group of top pension has claimed today.
FTSE 100 close: Asia stock surge lifts London index as Wise soars 16 per cent June 27, 2023 London’s FTSE 100 regained ground today, taking its lead from a decent overnight session in Asia that was aided by Chinese lawmakers signalling economic support measures are on the way. The capital’s premier index jumped 0.11 per cent to 7,461.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
‘Recession warnings flashing red’: HSBC Asset Management warns investors to batten down the hatches June 27, 2023 Stock markets are “out of sync” with blaring recession warnings flashing across Western economies and investors should brace for a turbulent period ahead, HSBC Asset Management has warned today.
Odey suspends flagship hedge fund after redemption pressure – reports June 27, 2023 Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday.