Keeping an eye on gender lens investing and women in leadership November 2, 2021 Gender lens equity investing developed from a substantive body of research demonstrating the financial, risk management, decision-making and other corporate benefits of higher levels of women in leadership. In our coverage universe at Parallelle Finance, 27 gender lens global and regional equity funds are available to individual investors. Their assets under management (AUM) totalled $3.47 [...]
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
Waverton boosts Wealth Planning with strategic hire November 2, 2021 Waverton Group is further expanding its Wealth Planning proposition with the hire of Marco Malagoni who joins as Head of Wealth Planning, London, from Cazenove Capital. Waverton has made two acquisitions in recent times to create real momentum behind its integrated Wealth Planning strategy. Earlier this year, Waverton acquired Cornerstone Asset Management and this business [...]
Opinion-in-brief: We need freedom to solve our housing woes November 2, 2021 By reducing demand for social housing, Brexit was supposed to help Boris Johnson deliver his pledge to end homelessness within five years. Spoiler: it’s not going well. From 2010 to 2018, the number of rough sleepers more than doubled from 1,768 to 4.677 because of the misguided idea that the homeless need help, instead of [...]
Letters: Listen to them, not us November 2, 2021 [Re: Cop26, yesterday] Cop26 is considered “the world’s best last chance to get climate change under control.” In Glasgow yesterday, Boris Johnson said we were at “one minute to midnight” to save ourselves. He was one of dozens of world leaders taking the stage at the climate change conference. As an insurer we’ve already seen [...]
Fishing row: UK welcomes Macron stepping back from Brexit boat threat November 2, 2021 The UK this morning welcomed France having “stepped back” from threats to impose punitive action in a dispute over post-Brexit fishing licences as talks to settle the row continue. Environment secretary George Eustice acknowledged a de-escalation from French president Emmanuel Macron as he held off on the action against British boats that he had warned [...]
Paddy Power owner lowers forecasts after “unfavourable” sports results November 2, 2021 Global sports betting and gaming business Flutter entertainment has revealed a cut to its full year guidance following a string of “unfavourable” sports results, despite strong quarterly results. The “customer-friendly” sports results over the course of the first 24 days of October, combined with the halt of its operations in the Netherlands, resulted in Flutter [...]
Build to rent developer Watkin Jones forecasts £430m revenue November 2, 2021 Rental developer Watkin Jones has reported an optimistic trading update, forecasting £430m revenue. Its forecast revenue is slightly below expectations but with a stronger gross margin that reflected the timing of land sales either side of the year end, it said. In the trading update for the year ended September 30 2021, the property manager [...]
IWG revenue hit as Covid concerns drive hesitancy over office return November 2, 2021 Workspace provider IWG has taken a hit to revenue as rising Covid infections deterred some clients from ditching remote working. In its third quarter trading statement, IWG reported group revenue at £550.8m ($752.1m) in the three months ended September 30, down 0.3 per cent from the same period last year. Occupancy at its pre-2020 operations [...]
TP ICAP reports energy trades revenue boost amid energy price volatility November 2, 2021 TP ICAP, the world’s largest interdealer broker, has reported a 16 per cent rise in revenue in energy and commodities in the third quarter, as volatile energy prices have increasing trading opportunities. Global broking revenue at TP ICAP also increased by 2 per cent over the latest quarter, but both areas saw a decline in [...]
