Gerry Grimstone: ‘Climate change is the best investment opportunity since the Industrial Revolution’ November 14, 2024 Former investment minister and chairman of Gemcorp Capital, Gerry Grimstone, speaks to Eliot Wilson about the transformative potential of net zero and why private capital is indispensable to growth Gerry Grimstone, who turned 75 this summer, is steeped in private enterprise. He was a director of the venerable London investment house Schroders, chairman of Standard [...]
Let’s be honest… our pensions are not for politicians to play with November 14, 2024 The point of a pension is to provide the best possible retirement income for the individual, not to invest in Reeves’ favoured projects, writes Matthew Lesh.
Virgin Active: Billionaire owner of Richard Branson-founded gym chain eyes UK listing November 13, 2024 The billionaire majority owner of Virgin Active is looking to list the business in the UK, according to reports. South African Christo Wiese owns the company private equity firm Brait, while Richard Branson’s Virgin Group holds a 16.8 per cent stake. A listing is “most likely” to be in the UK, with a secondary offer [...]
UK airport operator bought by Canadian pension fund for £1.5bn November 13, 2024 An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]
Wasps step closer to new Kent home and Championship spot November 13, 2024 Two-time European champions Wasps moved a step closer to reviving their defunct rugby club after they secured land in Kent for a new stadium. The site in Swanley has been acquired on a 10-year-option and could be used to build a new stadium in the south east of the country after the club were one [...]
Huge debts revealed at firm backed by Money Saving Expert’s Martin Lewis November 13, 2024 A company backed by Money Saving Expert’s Martin Lewis has crashed into liquidation owing almost £8m. Documents filed with Companies House have confirmed that London-based Magway recently appointed Gateway as its voluntary liquidator. According to the statement of affairs document, the firm had an estimated total deficiency to its members of over £7.7m. Among its [...]
Inside the ‘arms race’ for a private stock exchange – and why it’s dividing the City November 13, 2024 At a private workshop at the London Stock Exchange in September, a room full of investors and City bosses were split into separate groups and told to talk among themselves. Spread among them were officials from the Treasury, the Financial Conduct Authority and the London Stock Exchange, scribbling down the thoughts of those in attendance [...]
Tatton Asset Management: Flourishing while others flounder November 13, 2024 Tatton Asset Management might be a name you haven’t heard of – but it seems like you will soon. Listed on London’s junior market AIM, the fundhouse’s stock price has more than tripled over the last five years. With a skyrocketing profile, Tatton has recorded sector-leading growth. The amount of new money coming into its [...]
Jet2 takes on Easyjet as it launches new routes from UK airport November 13, 2024 Jet2 is parking its tanks firmly on Easyjet’s lawn as it announced its expansion into London Luton Airport – where its rival is headquartered. The Leeds-headquartered carrier is to start operating flights from the transport hub from next April. London Luton Airport will become Jet2’s 13th UK base and will offer 17 destinations. Jet2 said [...]
In the battle for talent, we must offer Gen Z the opportunity to shape their world November 13, 2024 Gen Z are increasingly looking for jobs that reflect their values, so philanthropic and volunteering opportunities are a great way to attract talent, says Asahi Pompey Steve Jobs once confessed that the secret to his success was going to “exceptional lengths to hire the best people in the world”. Our experience is that to attract [...]