‘Alpha-Flation’: A Private Market Syndrome September 28, 2021 In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private markets does investing in the average fund seem to go so poorly. Should it be this way? Is the average private market fund a bad fund [...]
Bailey’s hawkish tilt drags FTSE 100 down September 28, 2021 London’s FTSE 100 dipped during the moring session today driven by investors sentiment souring on governor of the Bank of England Andrew Bailey signalling rate hikes will come sooner than expected. The capital’s premier index lost 0.40 per cent to fall to 7,035.23 points during the first hour of exchanges. In a speech last night, [...]
Former Domino’s delivery driver charged with the murder of Sabina Nessa September 28, 2021 A 36-year-old man has been charged with the murder of 28-year-old primary school teacher Sabina Nessa, who was attacked on her way to meet a friend. Koci Selamaj of Terminus Road, Eastbourne was charged yesterday and will today appear at Willesden Magistrates’ Court, the police have confirmed. Ms Nessa’s body was found in Cator Park [...]
Irn-Bru owner AG Barr posts encouraging profit but warns second half may lose its fizz September 28, 2021 AG Barr has seen a strong start to the year as profit and revenues significantly improved from last year’s slump, but the fizzy drinks firm cautioned that the second half will lose its fizz as mounting costs come to bear. Revenue at the firm, which owns brands Irn-Bru and Rubicon, reached £135.3m in the 27 [...]
Close Brothers’ operating profit soars 88 per cent in FY21 September 28, 2021 Close Brothers, a leading UK merchant banking group, has seen profits surge in preliminary results for the 2021 financial year, registering growth across all departments. Group income climbed by 10 per cent while adjusted operating profit grew to £270.7m, 88 per cent higher than the previous year. Investors were treated to earnings of 134.8 pence [...]
999 for banks: Lenders set to launch customer hotline to tackle fraud September 28, 2021 UK banks are preparing to launch an emergency hotline – dubbed the industry’s answer to 999 – later this week, in an effort to tackle surging levels of fraud. Customers who fear that they have been targeted by fraudsters imitating their bank, or other common guises such as HM Revenue & Customs or a parcel [...]
Pilgrim’s Food Masters starts trading after completing £703m Kerry acquisition September 28, 2021 Pilgrim’s Food Masters, which was created following the £703m acquisition of Kerry Group plc’s Consumer Foods’ Meats and Meals in June, has started trading. Kerry Group agreed to sell its Meats and Meals business in the UK and Ireland, which manufactures food-to-go and meat-free products, to American corporate Pilgrim’s Pride for €819m. Pilgrim’s Food [...]
Card Factory sees strong performance in H1 2021, but still turns a loss September 28, 2021 Card Factory has seen revenue surge during the first six months of the year, but the greeting cards retailer still ended up in the red. EBITDA surged by 202.6 per cent, reaching £23.6m in the first half of the year, while revenue jumped by 16.3 per cent year on year to stand at a healthy [...]
BHP braces for backlash by investors over climate plan September 28, 2021 Shareholders in mining giant BHP have been advised to vote against the company’s carbon emission plans, ahead of its annual general meeting in London next month, according to reports. In a report shared with investors Glass Lewis, the influential proxy adviser, questioned the scientific basis of BHP’s Climate Transition Action Plan and said there was [...]
Government urged to give key workers priority fuel access amid shortages September 28, 2021 The government has been urged to give essential workers, such as NHS staff and teachers, priority access to fuel amid shortages. An estimated 50 to 90 per cent of petrol stations are without fuel as the country faces a heavy goods vehicle (HGV) driver shortage which is affecting supply delivery. Industry bodies are calling on [...]
