Abrdn’s Asian Income Fund loses 6.9 per cent of value as APAC markets suffer August 15, 2022 Asset management giant Abrdn said the value of the assets controlled by its Asia Income Fund plunged 6.9 per cent over the first half of 2022 as markets were rocked by a combination of Covid lockdowns and the ripples of war in Ukraine. In its half yearly report today, the firm said net asset value [...]
Pressure mounts as three quarters of Tories back Labour’s £29bn emergency energy plan August 15, 2022 Three quarters of Tories back Sir Keir Starmer’s plan to freeze energy bills as pressure mounts on Sunak and Truss.
D-Orbit bails on US SPAC merger as investors’ risk appetite shrinks August 15, 2022 Satellite firm D-Orbit has bailed on its merger with a US special purpose acquisition company (SPAC) Breeze Holdings Acquisition Corp. as rocky markets spell investor concerns. The pair came to the conclusion mutually, D-Orbit’s primary investor Seraphim Space Investment Trust said today. Despite tech stocks recovering from a sell-off earlier this year, which saw millions [...]
Tatton Asset Management bolsters investments offering with £7m 8AM tie-up August 15, 2022 Asset manager Tatton announced it had completed its tie-up with fund manager 8AM Global for £7m today, as it looks to bolster its investment offering and capitalise on four months of steady inflows this year. London-headquartered Tatton, which manages around £11.2bn, said it had acquired a 50 per cent stake in 8AM through a deal [...]
Phoenix hikes dividend as pensions deals bolster insurer’s business August 15, 2022 Phoenix Group today upped its dividend after posting “record” financial results for the first half of 2022. The London insurer hiked its dividend by three per cent to heights of 24.8p a share after a series of pensions deals bolstered Phoenix’s revenues. The pensions deals, signed off in the first half of last year, saw [...]
Estate agencies have under 40 available properties on their books on average, says RICS August 15, 2022 The UK’s housing stock levels are close to all-time lows, according to the latest research, which has kept house prices suspended at levels which outpace annual wages. On average, estate agents have just 36 available properties on their books, the RICS Housing Market Survey revealed today. The average cost of a home remains at swollen [...]
Joules names former Compare the Market CEO Jonathon Brown as new chief August 15, 2022 British lifestyle brand Joules has announced former Compare the Market chief Jonathon Brown as the group's new CEO.
Big Four accountancy firms capture larger share of UK legal market August 15, 2022 Major corporations are snubbing traditional law firms in increasingly going to consultancies and accounting firms for legal advice, according to new research from Thomson Reuters. The Big Four accounting firms – PwC, KPMG, EY, and Deloitte – are driving growth in the alternative legal services provider (ASLP) sector, as UK corporates increasingly turn to them [...]
OEUK calls on Government to ramp up development to ease energy crisis August 15, 2022 OEUK has urged the Government to boost flagging domestic energy production to protect consumers from future supply shocks.
Travelodge opens budget luxe London Docklands hotel as it eyes up hundreds of new sites in the city August 15, 2022 Travelodge has opened its first new-build budget luxe hotel in London Docklands, marking a vote of confidence in the capital as a tourist hub. The London Docklands Travelodge, which is located by East India DLR station, was officially opened by Travelodge chief Jo Boydell and UKHospitality chief Kate Nicholls. At the opening, the hotel giant [...]