Woodford deal could create ‘systemic risk’ by scrapping investor protections, say academics January 17, 2024 A group of academics have warned that the planned £230m compensation for Woodford investors “would be likely to set a dangerous precedent” by scrapping “cornerstone” protections for investors provided by regulators.
Rishi Sunak faces crunch vote as Rwandan president says policy is ‘UK’s problem’ January 17, 2024 Rishi Sunak is under pressure over his policy to deport asylum seekers to Rwanda, which faces a crunch vote in the Commons.
Revolut sued for closing account of late Russian oligarch’s son-in-law January 17, 2024 The son-in-law of a late Russian oligarch is mounting legal action against fintech Revolut for "unlawfully" closing his account, the High Court has heard.
Bowmark Capital: It is a ‘very attractive time to invest in mid-market companies’ as firm raises £900m January 17, 2024 The latest fund from Bowmark Capital launched with a target of £800m, which was rapidly achieved in October 2023, with total commitments summing about 50 per cent larger than its predecessor.
Central bankers push back on interest rate cut bets but accept progress on inflation January 17, 2024 In the US, traders think there is a 60 per cent chance that the Fed will lower interest rates in March, according to CME Fedwatch.
Surprise inflation uptick poses new challenge in mortgage price war January 17, 2024 Mortgage rates continue to edge downwards as almost 50 lenders have offered new deals since the start of the year, although brokers warn that a surprise increase in inflation could buck this trend.
Katy Perry fronted Just Eat raise guidance for third time despite falling orders January 17, 2024 Just Eat raise its earnings guidance for the third time this year despite a decline in food orders. Orders fell by seven per cent to €223m (£191m) over the fourth quarter, the Netherland-founded firm said in an update this morning. Analysts at Jefferies said this was -2.6 per cent behind their expectations but noted that [...]
Liontrust raids GAM staff after failed takeover bid January 17, 2024 GAM head of global equity Mark Hawtin has now been hired by Liontrust itself to begin in May. The manager will also bring his investment team, with David Goodman, Kevin Kruczynski and Pieran Maru all set to join.
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.
UK nightlife and hospitality ‘teetering on brink’ of collapse as government intervention urged January 17, 2024 The UK’s hospitality and nightlife sector is “teetering on the brink” of collapse, industry voices have warned, after a number of high profile closures have piled pressure on the government to provide more support. Less than a month into the new year, it has been reported that up to 43 hospitality venues across Britain face [...]
