Tracker funds are turning 50 – will they make it to 100? Markets Vanguard launched its first ever tracker fund 50 years ago this month. Since then, they have had an enormous impact on the way our capital markets function – and now make up more than half all fund-held assets. Ali Lyon asks: will they be as popular when they turn 100? The 1976 launch of the [...]
British Steel: What is at stake? Business Government officials were in a race on Monday to secure the critical supply of materials needed to keep British Steel’s two blast furnaces in Scunthorpe running. The site’s closure would spell the end of the final hub in the UK capable of producing virgin steel, making it the only member of the G7 unable to [...]
Investor row erupts over Loungers private equity bid Investing An investor battle has erupted over a private equity bid for Cosy Club and Brightside operator Loungers, with some “furious” over the perceived low offer. On Thursday, the Loungers board backed a £338m takeover offer from Fortress Investment Group, a 30 per cent to its share price. Despite the board accepting the offer, various shareholders [...]