Merge council pension schemes to unlock £40bn investment bonanza, Reeves told Pensions Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
And another! EY upgrades forecasts for UK economy Economics The UK received another upgrade on the back of its strong performance in the first half of the year, with EY the latest firm to bump up forecasts for the economy.
‘Engine of the UK’s economy’: Mid-sized firms set to ramp up investment in boost to growth economy More than half of the UK's mid-sized firms plan to invest at least £3m in the next five years.
Private equity giant 3i makes ‘encouraging start’ on back of star performer Action July 18, 2024 The firm's net asset value (NAV) per share rose four per cent to 2,167p at the end of June, up from 2,085p at the end of March.
‘Strong momentum’ continues at investment platform AJ Bell as inflows jump July 18, 2024 Summersgill also said the firm was "actively engaging" with the new government on its pledge to boost retail investment through simplification of the ISA system.
Starmer and Reeves told to put capital markets at heart of economic strategy July 11, 2024 The chief executives of challenger stock exchange Aquis and retail investment platform PrimaryBid have urged the new government to prioritise opening up UK markets to new capital as an engine for economic growth.
UK surpasses India as world’s third-largest venture capital market July 11, 2024 The UK has leapfrogged India to become the world's third-biggest venture capital market, new figures show, as analysts forecast a return to growth after a drop-off in investment and dealmaking in recent years.
Polar Capital: Emerging markets and Asian Stars teams help assets rise July 11, 2024 Polar Capital enjoyed an uptick in assets under management last quarter as the specialist fund manager was boosted by rising interest in funds managed by its emerging markets and Asian Stars teams.
Overseas investment in West Midlands soars but other regions lag behind July 11, 2024 The West Midlands recorded a 72 per cent increase in overseas investment projects last year, creating almost 7,000 jobs.
Melrose founders eye FTSE 100 spot for new listed buyout vehicle July 9, 2024 A slew of blue-chip investors are backing a new listed private equity vehicle from the founders of Melrose Industries that is due to float in London on Thursday.