Terry Smith: ‘More than usually challenging’ 2023 hits stockpicker’s flagship fund January 9, 2024 LEGENDARY City stockpicker Terry Smith’s flagship equity fund underperformed global stock markets last year but analysts said punters wouldn’t be too ‘miffed.’
ESG-focused Impax grows assets despite almost £1bn in outflows January 9, 2024 In a statement to the market, the firm reported that total AUM climbed to £39.1bn at 30 December, up from £37.4bn at the end of September.
Moving markets: Five things shaping the FTSE 100 today January 9, 2024 Asian markets surge amid weaker dollar, gold and oil prices climb, bitcoin surges, United Airlines uncovers loose bolts on multiple 737 max, eyes on U.S. inflation and JPMorgan chase/Citigroup earnings this week
Financial Reporting Council fines against auditors nearly doubled in two years January 8, 2024 The Financial Reporting Council (FRC) levied record-level fines against auditors after it promised to become more "forceful”.
Bad debt and high interest rates set to drag on US banks’ earnings January 8, 2024 Lenders are rebounding from share price dips in October as the US economy shows signs of resilience and the central bank pencils in multiple rate cuts this year.
English lawyers in Europe still face huge challenges after Brexit, legal chief warns January 8, 2024 English lawyers working in Europe continue to face a host of issues following the UK’s exit from the European Union, the president of Law Society of England and Wales has said, warning it could impact the appeal of working with English Law.
Bullseye in Bahrain: Darts sensation Luke Littler’s next tournaments confirmed January 8, 2024 Littler, 16, is set to play two overseas World Series events this month.
Government should take ‘direct action’ to block firms floating outside London, City broker claims January 8, 2024 The government should grant itself powers to step in and block some companies from floating overseas or force them into dual listings in London, a top City broker has said.
US firms set to pounce on City’s low valuations as London M&A rebounds January 8, 2024 UK takeover activity is expected to pick up in 2024 as US giants look to snap up their British peers, according to investment bank Peel Hunt, after the market struggled with a dearth of dealmaking last year.
Exclusive: Treasury urged to call emergency meeting to solve London’s listings crisis January 8, 2024 The Treasury is faced calls to convene an emergency meeting of top City institutions to try and stem the flood of firms away from London’s public markets, City A.M. can reveal.