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City firms HSBC, Santander and Blackrock are among those advising the Labour Party on private sector investment following the launch of a new infrastructure council.
Blackrock has slammed “inconsistencies” in the climate policy of mining giant Glencore and voted against the firm’s green strategy at its annual general meeting earlier this year, according to new filings.
BlackRock on beat second-quarter profit estimates, as investors continued to pour money into its various funds on the back of a rally in markets after a bruising start to the year. Markets have staged a comeback so far this year, braving the Federal Reserve’s rate hikes and a banking crisis that have raised risks of [...]
Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City A.M. this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
BlackRock’s Rob Kapito said an entire generation should “put on seat belts” as the economy feels the impact of high inflation. “For the first time, this generation is going to go into a store and not be able to get what they want,” the president of the $10 trillion asset manager said of shortages, Bloomberg [...]
Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
BlackRock has announced it has raised a target-beating $673m for an infrastructure fund to invest in climate-focused projects like renewable energy in emerging markets. The fund also has backing from the French, German and Japanese governments. The investment manager told Reuters it hoped the Climate Finance Partnership would show how to mobilize private capital in [...]
By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
@AnnabelPalmer1 INVESTORS have just over a fortnight to make the most of this year’s Isa allowance (up to £11,520 in a stocks and shares Isa in 2013-14). But it’s also a good time to review whether your portfolio needs rebalancing. In the latest in our series on Isa investment ideas, City A.M. talks to the [...]
SHARES in Aim-listed London Mining soared yesterday after the firms said BlackRock World Mining Trust would pay it $110m (£70m) for a two per cent royalty on iron ore sales from its Marampa project in Sierra Leone. “Although the company is already funded to achieve 5m tons per annum (Mtpa) of capacity next year, the [...]
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