Lloyds housing fund snaps up £300m Watkin Jones scheme in London’s Stratford July 29, 2024 A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly £300m.
Ofgem takes steps to improve flexibility of UK’s energy market in clean power push July 29, 2024 Ofgem has pushed ahead with plans to increase the flexibility of the UK's energy market as it becomes more reliant on intermittent sources of energy, like wind and solar.
Molten Ventures: Private equity portfolio slumps five per cent July 29, 2024 Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may be on the horizon.
Miraval mystery: The Jersey trust at heart of Brad Pitt wine war July 29, 2024 Brad Pitt has demanded to know who he is in business with after half of his hip wine brand Chateau Miraval, sold by his former partner Angelina Jolie to exiled Russian billionaire Yuri Shefler, ended up in a secretive Jersey trust.
Sadiq Khan reveals stance on selling loss-making London Stadium to West Ham United July 29, 2024 The former Olympic Stadium has become a financial millstone for the London Legacy Development Corporation.
Evri to create 9,000 jobs in hiring spree following Apollo takeover July 29, 2024 The UK's largest parcel delivery company unveiled the plans just a week after it was taken over by Apollo Global Management in a £2.7bn deal.
Meet the fund managers: In defence of private equity July 29, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Helen Steers, co-lead manager of private equity trust Pantheon International PLC (PIP)
City split on Bank of England’s August interest rate decision July 29, 2024 City economists are split about whether the Bank of England will choose to start cutting interest rates on Thursday.
People told us our idea wasn’t possible — so we set out to prove them wrong July 29, 2024 Ambition A.M. meets Thomas McHugh, co-founder and chief executive of data management firm Finbourne, to hear what it takes to prove an idea possible. Accurate data management is crucial for the financial services industry, especially when it comes to preventing fraud and avoiding costly errors. Thomas McHugh, chief executive and co-founder of data integration and [...]
Rothschild-backed private equity fund racks up £225m in funding July 29, 2024 An Edmond de Rothschild-backed fund run by Kennet has raised 266 million euros (£225m) to invest in software-as-a-service (SaaS) companies.