Carpetright owed almost £350m when it collapsed into administration August 14, 2024 Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed. The Essex-headquartered carpet and tiling retailer was acquired by rival Tapi in July in a move that saved the jobs of more than 300 people and 54 stores. At the time [...]
Aviva: Profit and sales jump at FTSE 100 giant as UK premiums surge August 14, 2024 Insurance giant Aviva reported that sales, operating profit and dividend were all up for HY 2024 as the group generated over £6bn in general insurance premiums
Twickenham rugby ground becomes Allianz Stadium after deal struck with firm August 5, 2024 The home of English rugby Twickenham will now be known as Allianz Stadium after the Rugby Football Union and the insurance and asset management giant finalised a new partnership. Under the new deal there would be further investment into English rugby, alongside the stadium naming rights being sold. Twickenham Stadium has used its namesake for [...]
Which were the best and worst performing funds in July? August 2, 2024 Smaller company funds were the best performing on the market in July, as the cheapest assets on the market finally started to bounce back.
Pension money managers hail ‘progress’ on start-up plans despite sluggish investment July 30, 2024 Pension money managers that backed a plan to pump cash into start-ups last year have hailed “good progress” today despite still investing a fraction of their total assets into so-called growth companies.
FTSE 100 funds bled £2bn in June, but who is losing out? July 22, 2024 UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Aviva and Lloyds among City firms to back National Wealth Fund investment drive July 22, 2024 The Investment Delivery Forum, founded by seven of the UK’s biggest insurance and long-term saving firms, has pledged to pump billions of pounds into Reeves’ new wealth fund.
Reeves under pressure to shift the dial on pension investment July 10, 2024 Rachel Reeves and Labour will be tasked with driving through the so-called Mansion House compact and unlocking pension cash.
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
Melrose founders eye FTSE 100 spot for new listed buyout vehicle July 9, 2024 A slew of blue-chip investors are backing a new listed private equity vehicle from the founders of Melrose Industries that is due to float in London on Thursday.