Columbia Threadneedle property trust bought out for £673m despite management complaints September 4, 2024 Columbia Threadneedle-run Balanced Commercial Property Trust has reached a deal to be sold for £673.5m, despite objections from its investment manager. The trust has been managed by Columbia Threadneedle since it was created in 2005, and began a strategic review this April after shareholders told it there was “need for change from the status quo”. [...]
Zilch: London fintech unicorn hits monthly operating profit ahead of planned listing September 3, 2024 Zilch has reported its first month of operating profit four years after launching, as the fintech unicorn made progress on its financial targets ahead of a much-anticipated stock market listing.
Could venture capital firms miss out on the great pension fund start-up splurge? September 3, 2024 The UK's top pension fund managers are poised to pump billions into the UK's start-ups - but venture capital investors keen for cash may play a smaller part than they had hoped, writes Charlie Conchie
Aviva backs Reeves pension investment push with new venture capital arm September 2, 2024 Aviva has launched a dedicated venture capital arm today as it rows in behind the government’s drive to pump more pension cash into start-ups. The move by the FTSE 100 pension giant forms part of a wider project to restructure its private market arm, which previously focused solely on real assets. In a statement, Aviva [...]
Mark Kleinman: Cineworld revamp is a horror show for landlords August 29, 2024 This week Mark Kleinman tackles Cineworld's closures, Rolls-Royce's chief executive and plans to rename Twickenham.
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
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.