By: Elliot Gulliver-Needham

Investment Reporter Elliot is the investment reporter at City AM. Previously, he was a senior reporter at Investment Week and a reporter at Central Banking.

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The five economic issues in the US election that could impact the UK

Investing

With the US election only hours away, the UK will be watching and waiting to see if former president Donald Trump or Vice President Kamala Harris is able to take the win. But how could the winner of the US election actually affect the UK economy? 1. Tariffs and trade wars Former president Trump has [...]
FCA lays out research changes to boost investment into London markets

Investing

The Financial Conduct Authority has revealed a host of changes to investment research rules today in an attempt to enhance analysts’ coverage of smaller companies and boost investment into the stock market. A lack of investment research in the UK has been frequently cited as a key reason for declining investment in Britain over the [...]
Supermarket Income REIT slashes fees for shareholders

Investing

Supermarket Income REIT has slashed its fees in a bid to align management’s interest with shareholders. The trust will now charge fees based on its stock price rather than on underlying assets. Since the trust trades 21 per cent below the value of its underlying assets, fees will drop by around 20 per cent, according [...]

Schroders shares plummet after investors pull £2.3bn

November 5, 2024

Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Weir Group equipment orders surge as cost-cutting continues

November 5, 2024

Mining specialist Weir Group saw group original equipment orders rise 15 per cent in the quarter, with the first positive original equipment orders growth since the first quarter of last year. The FTSE 100 firm’s cost-cutting programme is progressing at pace, with £19m of cumulative savings brought in so far, it said in a quarterly trading [...]
TP ICAP: Revenue jumps to record

November 5, 2024

Inter-dealer broker TP ICAP has reported a ten per cent bump in revenue for the three months ended 30 September 2024. Overall group revenue for the period was £557m. Rates, its largest and most profitable trading division, reported a 14 per cent jump in reported currency terms. Liquidnet, the firm’s institutional investment network, reported a [...]
Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep

November 5, 2024

Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
City holds off on big bets ahead of knife-edge US election

November 4, 2024

City of London traders are refraining from big bets on US government debt and the dollar as the US election enters its final days on a knife edge, analysts have told City AM. With the last election taking four days to call, and polls suggesting Donald Trump and Kamala Harris are neck and neck heading [...]
Star stockpicker Richard Penny ditches asset manager

November 4, 2024

Star stockpicker Richard Penny has ditched his asset manager Lansdowne Partners to move to Oberon Investments Group. Penny and his investment team will join Oberon while continuing to manage the £28m CRUX UK Special Situations, the £21m CRUX UK Core and the £7m CRUX UK Smaller Companies funds. Oberon, a little known name in the [...]
UK fund withdrawals reach largest on record amid Budget panic

November 4, 2024

UK equity fund withdrawals reached their largest on record in October as investors pulled billions out of markets to escape tax rises in the Budget. Investors sold a £2.7bn stake in funds throughout the month in anticipation of Chancellor Rachel Reeves hiking capital gains tax, up from £564m of withdrawals in September, according to data [...]

The ESG Imperative: Why finance leaders must move beyond tradition

Don’t listen to Andy Farrell. Ireland WILL want All Blacks revenge

The Best Venues for Christmas Celebrations in London

By: Elliot Gulliver-Needham

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