The campaign to divest from BP and Shell isn’t working. Here’s why April 15, 2024 The campaign for institutional investors to divest from oil giants like BP and Shell hasn't made any progress due to the companies' strength on indexes, a new study has found.
Next REIT to go? Balanced Commercial Property joins long list mulling sale April 15, 2024 In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.
Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags April 15, 2024 Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.
Ceres Power’s revenue bounces back after a rocky few years April 15, 2024 Revenue for the fuel cell and hydrogen technology specialist increased from £19.8m to £22.3m, while gross profit jumped from £10.7m to £13.6m, the company's 2023 results revealed.
Mitie Group forecasts record revenue and launches buyback as profit set to spike April 15, 2024 Outsourcing company Mitie Group has reported record revenue of £4.5bn, an 11 per cent increase from the previous year.
Meet the fund managers: Matching multi-asset to macroeconomic shifts April 15, 2024 This week on Meet the Fund Managers, we’re hearing from Bhavin Shah, lead manager on the multi-asset BNY Mellon FutureLegacy range.
Investment platforms blocking the purchase of investment trusts risk creating ‘another Woodford’ disaster April 14, 2024 DIY platforms like AJ Bell, Hargreaves Lansdown and Interactive Investor have been caught blocking the purchase of investment trusts.
Blackrock assets swell to $10.5 trillion as inflows fall by more than half April 12, 2024 Blackrock's assets under management swelled to $10.5 trillion in the first quarter of this year due to strong global equity markets.
JP Morgan profit surges on higher rates and First Republic purchase April 12, 2024 JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, [...]
Do today’s GDP figures really show improvement in the UK economy? April 12, 2024 Today's release of figures on the UK economy figures feels like a big deal, with people proclaiming the end of recession. Is that right?
