Exclusive: City grandees look to Asia in bid to solve IPO drought November 28, 2024 City grandees are looking to capitalise on European political volatility and tempt a wave of international and Asian companies onto the London Stock Exchange next year, according to a memo seen by City AM. London’s public markets have “tailwinds” behind them and the capital could benefit from being the “adult in the corner of the [...]
Maersk: Shipping giant to relocate from Felixstowe to London Gateway November 20, 2024 Container shipping giant Maersk is to relocate from the Port of Felixstowe to London Gateway following a strategic review of its Asia to Europe services. The Danish firm said the London hub, which carries more than a quarter of the UK’s deep sea shipping cargo, was the “most optimal port” to serve its import and [...]
Another investment trust bites the dust: Abrdn’s Asia Dragon set to merge October 28, 2024 Abrdn’s chronically underperforming Asia Dragon trust is set to merge with Invesco’s Asia investment trust. Despite being the larger of the two trusts, the £682m Asia Dragon trust will be taken over by the £219m Invesco Asia trust, which analysts said was due to the latter’s better performance. Abrdn’s Asia Dragon launched a strategic review [...]
Chinese stocks post best week since 2008 September 29, 2024 Chinese and China-focused stocks posted their best week since 2008 last week, with the CSI 300 index shooting up 15.7 per cent after strong economic stimulus measures were put in place by the country’s government. Every index tracking Chinese stocks benefited from the measures, with Hong Kong’s Hang Seng index rising more than 13 per [...]
UK signs trade pact with Thailand in bid to boost exports September 18, 2024 The UK has signed an enhanced trade pact with Thailand in an effort to boost British exports and drive investment. Trade minister Douglas Alexander inked the enhanced trade partnership (ETP) agreement with Thai commerce minister Pichai Naripthaphan in Bangkok this morning (Wednesday). It came during the Blair-era minister’s first visit to Asia after being re-elected [...]
Spread power with words: Asian Dub Foundation interview August 29, 2024 In the wake of the riots, the Asian Dub Foundation shows us the political power of music. Guitarist Steve Chandra Savale speaks to Lucy Kenningham
Lush posts huge loss but hopes SpongeBob SquarePants and Barbie deals can turn fortunes around May 17, 2024 Lush is seeking the help of SpongeBob SquarePants and Barbie to help it boost sales and return to profit.
Small trust worth £30m moves in for £600m Abrdn Asia Dragon May 7, 2024 In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.
Growth markets India and Thailand help Prudential keep up the momentum April 30, 2024 Prudential said these figures reflected the group's "strong momentum" despite strong comparators in the same period last year.
Japan funds boom as stock market hits record high March 16, 2024 The Japanese stock market reached a 34-year high last month, and investors in the Asian market are getting the best news they’ve heard in decades. The Japanese Nikkei 225 has risen 42.5 per cent over the last year, compared to the 1.2 per cent growth in the FTSE 100 over the same period. Last month, [...]