Executive pay rises should not outstrip staff salary bumps, Aviva warns February 5, 2023 Aviva Investors has warned company directors that it would be “inappropriate” to award themselves bumper pay rises and urged them to recognise that record high inflation puts far greater pressure on the budgets of their frontline staff. In a letter to the 1,600 firms in which it has stakes, including many in London, the fund [...]
Asset managers show signs of rebound as assets tick up and outflows slow January 18, 2023 London-listed asset managers Liontrust and Rathbones showed signs of a rebound today as assets under management ticked upwards and the volume of investors pulling their cash from funds began to slow. London’s big money managers have suffered a torrid 12 months as markets descended into turmoil in the wake of war in Ukraine and soaring [...]
Aggressive institutional investors pushing into digital assets set to replace retail players January 10, 2023 Institutional investors are set to replace retail investors as the major holders of digital assets in 2023, according to new research shared with City A.M. today. More than 7 out of 10 of professional investors believe institutions will hold 60 per cent of digital assets within seven years, reversing the current status where institutions hold [...]
BT: Telecoms giant enters the drone market in £5m deal January 4, 2023 BT, Britain’s telecoms giant has entered the automated drone business. Earlier today, Etc., the incubation team in BT Group’s Digital unit announced that it was entering a £5m deal with Altitude Angel. Altitude Angel is a Reading based technology provider and the deal is supposed to scale up UK’s automated flying infrastructure. The two businesses [...]
Funds struggle to sell sustainability as greenwashing spreads November 1, 2022 Fund managers are struggling to sell their green investment products to financial advisers as rampant greenwashing erodes trust in the environmental, social and governance (ESG) industry, fresh research has
UK startups bag £4.2bn as VCs shrug off recessionary fears November 1, 2022 Venture capital investors in the UK and Ireland shrugged off recessionary fears in the third quarter of the year as they pumped £4.2bn into start-up firms, new research has revealed.
Asset value up 16 per cent for early stage investors B.P. Marsh October 18, 2022 Investor in early stage financial services, B.P. Marsh increased its asset value in the first half of the year by 16 per cent to almost £180m. The company’s holdings swelled to £179.8m compared to £155m at the same period in 2021, while its net asset value per share increased to 499p, up from 430.4, last [...]
Investment fraud soars to nearly £1bn as criminals increasingly exploit social media October 17, 2022 Almost £900m has been lost to investment fraud in the past year, as police warn about the rise in the use of social media for bogus schemes. The lure of so-called ‘get rich quick’ initiatives have become “rife” during the cost of living crisis, as millions look for fix to their finanical woes. In a [...]
Fire sale UK plc: Goldman Sachs to snap up British assets on the cheap as panicky UK pension funds flee October 11, 2022 In a near-unprecedented rush by British pension funds to raise their cash holdings, Goldman Sachs and a range of other investment giants are planning to snap up UK assets at discounts of up to 30 per cent. Since Kwasi Kwarteng’s disastrously received mini-budget at the end of September, UK pension funds are rushing to improve [...]
Tsunami of takeovers in sports swells deal values by record 433 per cent with private equity leading the pack October 11, 2022 The value of M&A and major stake-building in the sports industry has increased 433 per cent in the last year, rising from £1.8bn last year to £9.6bn this year, according to fresh data shared with City A.M. this morning. As more private equity, sovereign wealth funds and other institutional investors pursue deals in the sports [...]