Investment funds in April: Energy plummets while property soars May 1, 2025 Energy funds suffered deeply during April as an expected slowdown in global growth caused oil prices to tank throughout the month. Five energy funds featured in the bottom 10 performing investment funds, alongside two resource funds, with Guinness Global Energy as the worst performer, falling 13.5 per cent. “With the price of a barrel of [...]
Clarkson: Shares in shipbroker plummet after tariff profit warning May 1, 2025 Shares in Clarkson plummeted on Thursday after the shipbroker lowered its annual profit forecast, citing the impact of US tariffs. Underlying pre-tax profit is expected to fall in the range of £85m to £95m, down 18 per cent from prior full-year guidance. The stock was down around 11 per cent in early trading. Clarkson cited [...]
Sell in May and go away: Why the old adage might be true this year May 1, 2025 “Sell in May and go away, don’t come back until St Leger’s Day”. The phrase is an oft-quoted investment adage, referring to the Doncaster St Leger’s Stakes horse race in mid-September, a favourite fixture in the financial world. In the past, wealthy investors took the summer months off, causing a drop in trading activity and [...]
Man Group stock price target downgraded on performance fee concerns May 1, 2025 Man Group’s share price target has been downgraded by City broker Peel Hunt over concerns that the investment manager could see performance fee returns plummet in 2025. In a trading update last month, Britain’s largest hedge fund revealed that its assets had dropped by $5.6bn (£4.2bn) in the first two weeks of April thanks to [...]
Rolls-Royce eyes nearly £3bn profit despite tariffs May 1, 2025 Rolls-Royce said it is confident it will hit underlying profit of nearly £3bn in 2025, despite ongoing tariff uncertainty. The London-listed engineering giant on Thursday held a previously guided underlying profit range of between £2.7bn and £2.9bn. It is also looking at between £2.7bn and £2.9bn of free cash flow. In a statement to markets, [...]
Schroders assets plummet after foreign exchange crash May 1, 2025 Assets at Schroders fell sharply in the first quarter of the year as the money manager significantly undershot expectations in both new cash coming into the business and market performance. Analysts had been expecting Schroders’ assets under management to dip slightly across the quarter, from £779bn to £775bn, but they instead plummeted to £758.4bn, the [...]
National Grid appoints Shell director to replace chief executive May 1, 2025 National Grid has unveiled plans for the appointment of a top executive at Shell to replace its current boss, John Pettigrew. Zoë Yujnovich, a former director of integrated gas and upstream at Shell, will net a base salary of £1.3m per year when she takes charge of the UK’s electricity network later this year. She [...]
London Stock Exchange Group: Equity arm continues to lose relevance May 1, 2025 London Stock Exchange Group’s (LSEG) equity business has continued to diminish in importance, as the firm struggles to attract new IPOs to UK markets. LSEG’s market arm was actually the fastest growing part of its business in the first quarter of 2025, but not due to the London Stock Exchange itself, the firm revealed in [...]
Battersea Power Station receives green light for next phase of development May 1, 2025 Battersea Power Station has received planning consent for the next phase of its 42-acre regeneration. A new group of residential, retail, community and leisure builds has secured planning approval from Wandsworth Council, completing “London’s newest street”, Electric Boulevard. Head of development at Battersea Power Station Development Company (BPSDC), James Wixley, called the planning consent the [...]
Trump points finger at Biden as US stocks sink amid recession fears April 30, 2025 Donald Trump has lashed out at Joe Biden, insisting that his presidential predecessor was to blame after the US economy suffered its worst-performing quarter in three years. A slew of disappointing economic data sent US stocks sharply south on Wednesday as the clearest signs yet of the damage wreaked by the White House tariff agenda [...]
