Gamestop’s last gasp: A joke that has gone on too long May 14, 2024 Gamestop bounced back into the headlines yesterday, with the meme stock's price more than doubling within an hour of the market opening.
AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
Evelyn Partners continues streak of inflows in rare asset management success story May 14, 2024 Evelyn Partners recorded a rare success story in the asset management industry, bringing in £300m in new money over the first quarter of 2024. The wealth management and accountancy firm recorded assets under management of £61.8bn by 31 March, up from £59.1bn at the start of the year thanks largely to strong performance. Market movement [...]
On The Beach labelled ‘cash machine’ following Ryanair partnership May 14, 2024 On The Beach has benefitted from the growth in demand for holidays.
Greggs reports bumper sales growth as consumers snap up iced drinks May 14, 2024 Greggs has continued to grow in the first few months of 2024.
Meet the fund manager: Finding the best ideas in the world May 13, 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 Gerrit Smit, manager of the Stonehage Fleming Global Best Ideas Equity fund. How does your fund stand out from others in the same market? Stonehage Fleming Global Best Ideas Equity Fund is a [...]
North American Income trust ditches Abrdn as manager May 9, 2024 The North American Income trust has ditched Abrdn as its portfolio manager, instead appointing Janus Henderson to manage it.
LTAFs: What are they? May 9, 2024 Long-term asset funds, or LTAFs, are sweeping the asset management world, despite very few people knowing what they are.
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Barclays under fire from shareholders on fracking funding May 9, 2024 Barclays has come under fire from its shareholders, including the Local Authority Pension Fund Forum (LAPFF), for providing financial support to fracking companies.
