FTSE 100 funds bled £2bn in June, but who is losing out? July 22, 2024 UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Santander-backed fintech Ebury line ups Goldman for multi-billion pound London float July 22, 2024 Cross-border payments platform Ebury has appointed Goldman Sachs to lead a £2bn fintech float on the London Stock Exchange.
Rentokil shares spike 11 per cent after BT boss eyes takeover July 22, 2024 Philip Jansen, the former chief of BT Group, is eyeing a bid to take over FTSE 100 pest control firm Rentokil Initial, according to reports.
Ocado partners with US grocery giant Kroger on robotic arm rollout July 22, 2024 Ocado has ramped up its partnership with US grocery giant Kroger to bring in a wave of automated technologies across Kroger's warehouses.
Moneysupermarket profit surges as insurance boom pays off July 22, 2024 Moneysupermarket's parent company saw operating profit surge eight per cent to £73m over the last six months, as the insurance boom pays off for the price comparison website.
HSBC helps push UK dividends to record high in the second quarter July 22, 2024 UK dividends hit a record £36.7bn in the second quarter of 2024, rising 11.2 per cent compared to last year.
Joe Biden drops out of presidential race July 21, 2024 President Joe Biden has dropped out of the 2024 presidential race against Donald Trump, after concerns over his age have dogged the candidate since the first debate last month.
Saudi Arabia’s PIF seeks to up Selfridges stake to 50 per cent July 21, 2024 Saudi Arabia's Public Investment Fund has made a bid to up its stake in Selfridges to 50 per cent for a cash price of £1m.
Evelyn Partners private equity owner plots £1.5bn sale July 21, 2024 The majority owner of Evelyn Partners, private equity firm Permira, is looking to offload its £1.5bn stake in the business.
BT: FTSE 100 giant’s majority shareholder Altice may be forced to sell stake as debt concerns grow July 21, 2024 The company initially built an 18 per cent stake in BT in 2021 using so-called funded equity collars. These combine bank loans and derivatives to help investors buy positions using borrowing money while hedging downside exposure.
