Meet the fund managers: Investing in the American dream March 25, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Gary Robinson, fund manager of Baillie Gifford US Growth Trust
What could Elliott’s stake in Scottish Mortgage mean? March 24, 2024 News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
Hunt confirms Tory commitment to pensions triple lock March 24, 2024 Chancellor Jeremy Hunt confirmed today that the pensions triple lock will be renewed if the Conservatives win the next election.
Peel Hunt head: Government ‘obsession with private capital’ caused equity market disaster March 21, 2024 Speaking at the Association of Investment Companies conference today, Hall highlighted "the need to have UK investment in UK assets", describing it as "central to having a healthy economy".
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]
Why Quilter won’t be the next St. James’s Place March 21, 2024 In Quilter's 2023 results that were published this month, the firm revealed that it had been approached by the Financial Conduct Authority
Aquis: Profit jumps 15 per cent for fledgling London exchange March 21, 2024 Exchange Aquis has reported 15 per cent growth in profit before tax despite challenging market conditions last year, with all arms of the business bringing in new revenue. In the company’s full-year results for 2023, it reported net revenue of £22.7m, up 13 per cent from the year before. Profit before tax came in at [...]
Ukrainian venture capital group launches partnership to challenge sector ‘orthodoxy’ March 21, 2024 Ukrainian group Roosh has launched a partnership with Canadian startup builder Tiny Studio to challenge 'private equity orthodoxy'.
SJP shares spike after FCA warns hundreds of firms about poor practice March 20, 2024 This comes after the FCA launched a review into the issue, amid fears some employees were not getting the best pension deal after they retired.
Philip Hammond’s Railsr floats merger with Equals Group March 20, 2024 Railsr, the fintech company chaired by former chancellor Philip Hammond, has pursued a merger with rival Equals Group.
