Venture capital firms rush to sign up as pension funds prepare £75bn bonanza November 21, 2023 Another wave of the UK’s venture capital and growth investors have thrown their weight behind efforts to get pension money flowing into start-ups today by signing the government’s Venture Capital Investment Compact.
Scrap ‘punitive’ stamp duty and shake-up ISAs: What the City wants from the autumn statement November 21, 2023 The City’s eyes will be trained on the Chancellor on Wednesday as he prepares to lay out the government’s spending plans in the autumn statement.
Asos: Short sellers ramp up bets against former retail favourite as profits dwindle November 21, 2023 Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
Hunt reveals Treasury-backed tech funds in bid to kickstart £75bn pension boost November 21, 2023 The Chancellor Jeremy Hunt has revealed £250m will be channelled into two new private sector investment vehicles today as ministers look to kickstart the flow of cash from pension funds into tech start-ups.
GAM’s UK equity team to transfer to Jupiter Asset Management November 20, 2023 GAM said there will be a “seamless transition” for clients which will allow them to remain invested in the fund.
UK pension funds concerned Mansion House reforms could lead to higher costs for investors November 20, 2023 UK pension funds have expressed concern that the Mansion House reforms could result in higher costs and greater risk for investors.
Abrdn chief reportedly wanted to sell struggling £368bn investment arm November 20, 2023 Abrdn’s chief executive, Stephen Bird, wanted to sell the company’s troubled investment management division last June, according to Financial News.
London Stock Exchange Group boss: Arm would have been slammed in UK for a post-IPO slump November 17, 2023 The London Stock Exchange and Arm would have been slammed by UK media if the chipmaker had floated in London and slumped below its IPO price, the boss of the London Stock Exchange Group has claimed.
Equity funds see largest outflows since mini-budget scare November 16, 2023 Equity funds suffered outflows of £1.20bn in October. It was the sixth consecutive month of selling and the largest since September 2022.
How the City is trying to bust the ‘myth’ of New York valuations November 16, 2023 The London Stock Exchange has faced a bruising few months as firms head to New York - but the City is now going on the offensive to take on the view they'll automatically fetch a higher valuation.