Labour versus the bond markets, businesses and ballots Economics Birthdays aren’t best celebrated on a hangover but Labour’s senior leaders will be waking up with a painful headache this morning after haemorrhaging support from both bond markets and backbenchers. As dozens of Labour MPs discovered the level of influence they held over whips in parliament, unsympathetic bond traders flexed their own powers as medium-term [...]
Augmentum leads fundraise for Peel Hunt-backed Retailbook Investing Investment platform Retailbook has secured a £4.5m fundraise as the Peel Hunt-backed firm attempts to survive a lacklustre spell for the UK’s capital markets. The business, which helps retail investors get access to share issues normally reserved for institutional investors, has seen investors such as Augmentum Fintech join its list of shareholders. Previous investors in [...]
Buy Persimmon and Taylor Wimpey ahead of Spring Statement says broker Investing Investment bank Jefferies has said investors should ‘Buy’ shares in UK housebuilders like Persimmon and Taylor Wimpey ahead of this week’s Spring Statement. Chancellor Rachel Reeves is set to present her Spring Statement later this week. Due to her commitment to just one major fiscal event, it was intended as an update rather than a [...]
IG Group extends share buybacks after Freetrade acquisition January 23, 2025 IG Group is set to spend £50m more on share buybacks following its acquisition of trading app Freetrade. In the firm’s six month results to 30 November, the FTSE 250 firm said it would be extending its previous share buyback programme from £150m to £200m. “It is pleasing to show how we can both invest [...]
Resurgent inflation fears drive global sell-off in government debt January 8, 2025 Government bonds suffered a major sell-off on Tuesday as fears about the potential persistence of inflation continued to build.
British Gas-owner Centrica adds £300m to share buyback plan December 10, 2024 FTSE 100 giant Centrica has added another £300m to its existing share buyback plan, meaning it will have snapped up some £1.5bn in shares over the last two years. In a trading update today, the owner of British Gas said that it expected its 2024 full-year earnings and net cash to be broadly in line [...]
How private equity lost its lustre July 24, 2024 Private equity isn't what it used to be, as a new report finds that private equity returns are a third lower in recent years than usual.
Raspberry Pi is a ‘buy’: Analysts compare British chip stock to Microsoft, Apple and Nvidia July 23, 2024 Analysts believe Edge computing could be a game-changer for Raspberry Pi.
CityFibre and Community Fibre ‘weighing up’ G Network swoop July 11, 2024 Cityfibre and Community Fibre are eyeing a takeover of smaller rival G Network, which connects hundreds of thousands of central London premises, according to reports.
Why did Blackrock just spend billions on a data company? July 1, 2024 Blackrock revealed this morning it would be spending £2.6bn in cash on Preqin, a private markets analytics and research provider. Why?