Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Abrdn shares plunge after market turmoil sparks £320m loss August 9, 2022 Shares in Abrdn plunged today after the asset manager reported a £320m loss and a sharp slide in assets under administration in the first six months of the year, after a turbulent period on markets.
Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
‘Iron out’ differences on global climate rules, say ECB and IMF August 8, 2022 Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.
Hargreaves Lansdown shares jump after profits beat gloomy estimates August 8, 2022 Shares in Hargreaves Lansdown surged nearly 10 per cent today after the retail investment platform beat analyst estimates last week with pre-tax profits of £269.2m.
SoftBank boss ‘ashamed’ as Vision Fund suffers $23.1bn loss August 8, 2022 Japanese investment giant SoftBank crashed to a $23.1bn loss in the second quarter of the year as its flagship Vision Funds were battered by the rout on global markets.
Aviva looks to settle investor nerves after share price slide August 8, 2022 Aviva shareholders are braced to see whether the insurance giant can regain some momentum this week after its share price has stalled in recent months to trade no higher than 30 years ago.
Boost financial education to nurture young investors, says London Stock Exchange boss August 7, 2022 The boss of the London Stock Exchange has called for better financial education in schools to prevent a generation of young investors being shut out of capital markets.
EY carve-up decision delayed as partners mull plans August 7, 2022 The planned break-up of ‘Big Four’ firm EY has been pushed back to the end of the year as bosses mull the practicalities of proposals to carve up its consultancy and audit practices, according to reports.
UK’s biggest container port in Felixstowe braced for eight days of strikes August 6, 2022 The UK's biggest container port in Felixstowe is set to be hit by strikes for eight days this month in a dispute over pay, after workers turned down a seven per cent pay rise.
