Industrial sector beats out AI for top venture capital target March 26, 2024 Industrials received the most venture capital funding of any sector since the start of the year, according to the latest data. Globally, industrial companies have raised $15.2bn (£12bn), 30 per cent more than AI startups and twice as much as healthcare companies. Data from Altindex revealed that since the beginning of the year, AI companies [...]
Life Science REIT slashes dividend after value of portfolio sinks March 26, 2024 Life Sciences REIT has halved its dividend for 2023 after the value of its portfolio fell considerably throughout the year.
FCA clamps down on ‘finfluencers’ hiding financial risks in their content March 26, 2024 The Financial Conduct Authority has issued new rules to clamp down on financial influencers, or ‘finfluencers’, hiding the risks of the products they’re promoting. In a report today, the FCA laid out details on how finfluencers and companies on social media should be appropriately including the risks of the products they’re promoting, while also not [...]
Is the green fundraising boom over for investment trusts? March 26, 2024 While investment trusts as a whole have not performed well in recent months, those that focus on the environment had a particularly dire time in 2023. All trusts categorised as environmental by the Association of Investment Companies currently sit on steep discounts, with the average being 13.2 per cent, while they are down by an [...]
British investors buck trend and pour more money into UK equities March 26, 2024 UK investors have changed their tune on the British stock market, with the number holding UK equities having jumped by 10 per cent over the last three months. In Etoro’s Retail Investor Beat, which surveyed 1,000 UK investors, 80 per cent said they now have cash in UK equities, the highest level in over a [...]
The UK’s biggest ISA pots revealed March 25, 2024 The UK’s biggest ISA pot is worth over £11.6m, according to new data from HMRC revealed in a Freedom of Information request.
Baillie Gifford’s Shin Nippon trust had a terrible 2023. Can it fix its problems? March 25, 2024 After a year of abysmal performance, the board of Baillie Gifford’s Shin Nippon trust have pledged to commit to a major tender offer if its problem persists. In the trust’s 2023 results today, the investment trust revealed that the trust’s share price had declined by 20.5 per cent, while net asset value declined by 14.9 [...]
Digital 9 Infrastructure pays off debt ahead of wind-down vote March 25, 2024 The trust said it would be exploring a range of options, such as staying with Triple Point for a cheaper fee, finding a new investment manager or becoming self-managed.
Natwest sets out plans to lend £5bn to social housing projects March 25, 2024 Natwest has launched a new £5bn package of targeted lending and support for UK social housing over three years.
How work from home could be denting London’s GDP March 25, 2024 The new work-from-home era has inflated London’s GDP by over £8bn, as outdated measures of regional growth have warped official calculations. When adjusting for where people actually work from, rather than where their jobs are based on paper, the size of London’s economy falls by 1.4 per cent, data from Cebr has revealed. This pushes [...]
