St James’s Place fund in the doghouse over underperformance February 21, 2025 St James’s Place’s Global Quality Fund has retained its spot as the largest fund to be consistently underperforming after falling 26 per cent below its benchmark over the last three years. The report from Bestinvest, which identified the funds in the ‘doghouse’ due to persistent underperformance, found 137 funds struggling to match their peers. Despite the [...]
Debt brake the central focus for investors ahead of German election February 21, 2025 The German elections will take place this weekend amid a dire economic backdrop in Europe's largest economy.
Thames Water: Hong Kong’s CK Infrastructure makes £7bn swoop February 21, 2025 Hong Kong’s CKI Infrastructure has submitted a £7bn bid for a majority stake in the embattled utility Thames Water. The Financial Times reported CKI, which is part of the wider CK Hutchison group, made a non-binding offer for Thames earlier this month. CKI has indicated it would inject £7bn to ease the debt-laden company’s financial [...]
Jack up bills to meet electricity demand, says infrastructure quango February 21, 2025 The National Infrastructure Commission (NIC) has called for further bill hikes and a shake-up of the way the UK’s electricity network is regulated to meet rapidly increasing demand for power. Current regulation by Ofgem is “too complex” and discourages operators from making the “proactive investments” needed to improve the network’s capacity, the government’s independent adviser [...]
Economists warn of tax hikes after borrowing blow February 21, 2025 Figures from the Office for National Statistics (ONS) showed that tax receipts fell short of expectations in January due to the sluggish performance of the UK economy.
Are Londoners losing their jobs thanks to Rachel Reeves’ tax hikes? February 21, 2025 City AM’s opinion and features editor, Alys Denby, discusses the ongoing negative impact of Rachel Reeves’ jobs tax and whether rumours of the death of DEI have been exaggerated – plus more.
Working from home: Analyst on trial for £1m insider trading scheme February 21, 2025 A former Janus Henderson analyst used working from home to make nearly £1m from insider trading, a court has heard. Redinel Korfuzi was on trial yesterday with his sister Oerta Korfuzi and two other alleged members of a cartel that allegedly made inside dealings on shares throughout the first two years of the pandemic. Prosecutors [...]
Budget costing jobs and pushing up inflation, survey suggests February 21, 2025 Excluding the pandemic, employment fell at the fastest pace since the global financial crisis, the survey suggested.
New Look closes all stores in the Republic of Ireland February 21, 2025 High street fashion giant New Look will fully exit the Republic of Ireland, putting all of its workers in the country at risk of redundancy. The retailer’s Irish arm, which employs about 347 people, has entered into redundancy following years of losses at the high street chain. The privately-owned company said it has had to [...]
Consumer confidence rises in February but cost-of-living crisis ‘far from over’ February 21, 2025 Brits’ confidence rose in February, fueled by better personal finances and a brighter outlook on the general economy. However, confidence remained down on last year. GfK’s index measuring changes in personal finances during the last year rose three points to -7, seven points better than February 2024. The major purchase Index rose three points to [...]
