Digital 9 Infrastructure lays out plans to shutter trust February 28, 2024 The board of embattled investment trust Digital 9 Infrastructure has today laid out plans to wind down the company.
Unicorn’s latest venture capital trust sells out in just seven days as investors are drawn in by tax relief February 24, 2024 Last week, the Unicorn AIM venture capital trust became oversubscribed in just seven days, despite a challenging market for VCTs.
Troubles for Custodian as bidding war over Abrdn property trust escalates February 22, 2024 Custodian's attempt to buy the Abrdn Property Income Trust have been further impeded after two asset managers dropped support for the deal.
Direct investment platforms: Sales drop off as new competitor surges into the field February 22, 2024 Sales on direct investment platforms trended downwards last year but still remained strong, as a new competitor to the market has surged into the field. Total direct market assets totalled £320bn last year, with £10.7bn of net new money coming in, data from Fundscape revealed. The £10.7bn in net flows was down 12.2 per cent [...]
Coca-Cola HBC buys vending machine firm BDS to grow in Ireland February 22, 2024 Coca-Cola HBC, the European bottling partner of Coca-Cola, has acquired Irish vending machine group BDS Vending Solutions. Founded in 1993, BDS Vending has around 2,000 vending machines spread across Ireland. The firm is headquartered in Dublin, but also has operational centres across Belfast, Cork, Galway, Limerick, Sligo and Wexford. BDS founders David Mullan and Brian Berry have [...]
Beazley plans additional shareholder returns, pushing up share price 8.8 per cent February 22, 2024 In a stock exchange notice, the blue-chip insurer said its undiscounted combined ratio, a measure of profitability used by insurers, had surpassed its forecasts in 2023.
Jupiter shares up seven per cent after fund manager profits surge February 22, 2024 London asset manager Jupiter surprised markets by exceeding expectations in its annual results
Hargreaves Lansdown reaps cash interest reward as market growth pushes up assets under new CEO February 22, 2024 Hargreaves Lansdown reported market growth and interest from cash push its assets under administration for the firm up to £142.2bn. Market growth pushed up assets by £7.2bn for the firm in the second half of 2023, compared to just £1.7bn in 2022. In the firm’s interim results, it revealed that revenue had jumped five per [...]
Global X ETFs: Ex-Goldman man flown in as new chief after C-suite exodus February 21, 2024 Global X ETFs has appointed a new chief executive after the firm saw its senior leadership depart from the firm. Ryan O’Connor, formerly global head of ETF product at Goldman Sachs Asset Management, has taken on the top job, after previous CEO Luis Berruga left the firm in November. Berruga, who had worked at the [...]
CVC launches sixth Asia fund as demand for private equity remains strong February 21, 2024 The new fund is 50 per cent larger than its predecessor, which was raised in 2020 and closed at $4.5bn (£3.6bn).
