Pershing Square: Deutsche Numis upgrades FTSE 100 trust Investing Deutsche Numis has upgraded FTSE 100 trust Pershing Square, run by infamous hedge fund manager Bill Ackman, to a ‘buy’. In a research note, analysts upgraded three trusts to a ‘buy’: £8.1bn Pershing Square, £273.5m Aurora UK Alpha and £436.9m Schroder Asian Total Return. “Pershing Square benefits from a manager with a strong long-term track [...]
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double Business The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. The company has reported a pre-tax profit of £76.9m for 2023, up from the £37.2m it posted in 2022. According to newly-filed accounts with Companies [...]
Songs to return to Tiktok as it strikes licensing deal with Universal Music Media Tiktok and Universal Music have struck a deal to return songs by popular artists like Billie Eilish and Harry Styles to the social media site.