Segro sells west London warehouse to Imperial for science innovation October 15, 2024 Segro has sold its Victoria Road warehouse to Imperial College London for £115m, with the university set to use the property for early-stage companies conducting scientific innovation. Located in Park Royal, West London, the 10-acre urban warehouse estate has been owned and operated by Segro since 2009, when it acquired Brixton plc. Segro said that [...]
Wise doubles down on growth outlook after boom in customers October 15, 2024 Payments fintech firm Wise has doubled down on its guidance for the year today after a jump in customers using its platform over the summer. In a trading update on its second quarter, the London-listed fintech reported a 23 per cent rise in users compared to the same period last year, bringing its total active [...]
De La Rue: Banknote printer agrees to £300m breakup October 15, 2024 Bank of England banknote printer De La Rue has agreed to sell an arm of its business to an American firm for £300m. The London-listed company announced this morning that it had entered into a definitive agreement for the sale of the group’s authentication arm to Crane NXT, a New York-listed industrial technology company. When [...]
Hargreaves Lansdown: Don’t leave retail investors out of the Budget October 14, 2024 Hargreaves Lansdown has called for the government to not leave retail investors behind in this month's Budget.
Abrdn: UK small companies are cheapest and best-performing stocks in the world October 14, 2024 The UK smaller companies market is both the cheapest and best performing in the world, new research from Abrdn has revealed. The analysis of Britain’s smallest listed businesses comes as speculation over the Budget have left many AIM stocks sliding, thanks to rumours of a proposed repeal of inheritance tax relief on the junior market [...]
Meet the fund managers: Quality companies at a value price October 14, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Ashmore rebounds thanks to emerging market surge October 14, 2024 Emerging markets-focused investment manager Ashmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m [...]
How this fund beat (and shorted) the S&P 500 October 12, 2024 Finding US companies to short can be hard when it feels like the stock market can only go up, but some stock pickers make a living off of it. “It’s a year where the markets have been on the tear,” Scott Utzinger, partner at Crawford Fund Management and manager of its US long/short fund, told [...]
How our news reporter fell into the world of Dungeons & Dragons October 11, 2024 Our gnome bard was attempting to woo the lord of the manor when it happened. A banshee had exploded out of the floor, sending guards fleeing and instantly petrifying my pet direwolf. Our orc barbarian was drunk at the time, leaving him utterly useless, so it all fell on me to calm the banshee or, [...]
