Investors shun social media advice for independent financial media after meme stock saga March 20, 2024 42 per cent of investors said they were using social media "significantly less" than they used to for investing
Robinhood launches to UK customers March 19, 2024 Robinhood, the trading and investing app made infamous by the Gamestop saga, has launched in the UK today, after two failed attempts. This is the first step outside the US for the firm, after it shot to global infamy in 2021 as the central player in the so-called meme stock frenzy. The brand tried to [...]
Martin Gilbert: Industry must cut failing funds March 18, 2024 Martin Gilbert said the firm saw a clear route into emerging markets "through both acquisition and organic growth."
Bidding war: Urban Logistics pleads for Abrdn Property to accept bid March 18, 2024 Last week, the Abrdn trust confirmed that it would be recommending to shareholders that they vote in favour of a merger with Custodian, as it had originally planned to before a second offer was made.
Hipgnosis warns of overcharging issues after inflating its value March 18, 2024 The board of the embattled investment trust Hipgnosis Songs Fund has reduced its estimated operative net asset value (NAV) by 7.6 per cent after admitting it had mistakenly double counted accrued revenue. The error inflated the trust’s operative NAV from $1.995bn to $2.103bn, and the trust’s board has laid the blame for the mistake at [...]
Japan funds boom as stock market hits record high March 16, 2024 The Japanese stock market reached a 34-year high last month, and investors in the Asian market are getting the best news they’ve heard in decades. The Japanese Nikkei 225 has risen 42.5 per cent over the last year, compared to the 1.2 per cent growth in the FTSE 100 over the same period. Last month, [...]
Think you can beat the market? Most active managers can’t March 15, 2024 Only 17 per cent of actively managed equity funds beat the index over the last decade, new research revealed.
Demand for air quality systems helps Volution nudge up expectations for profit March 15, 2024 Covering the six months to 31 January, the firm reported a 13 per cent increase in operating profit as margins climbed from 21.1 per cent a year ago to 22.4 per cent.
Bodycote stock surges after company announces profit jump and new buyback March 15, 2024 The firm's stock price jumped five per cent this morning on the news.
Scottish Mortgage unveils £1bn share buyback programme after strong year March 15, 2024 The trust, which is the second largest in the UK, has recorded a strong performance over recent months despite a tumultuous few years before that.
