AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
Evelyn Partners continues streak of inflows in rare asset management success story May 14, 2024 Evelyn Partners recorded a rare success story in the asset management industry, bringing in £300m in new money over the first quarter of 2024. The wealth management and accountancy firm recorded assets under management of £61.8bn by 31 March, up from £59.1bn at the start of the year thanks largely to strong performance. Market movement [...]
London Stock Exchange defends deregulation drive after pension group’s warning May 14, 2024 The London Stock Exchange has defended its deregulation drive today after a top pension group sounded the alarm over the lobbying activities of a City taskforce led by the exchange's chief executive Julia Hoggett.
Meet the fund manager: Finding the best ideas in the world May 13, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Gerrit Smit, manager of the Stonehage Fleming Global Best Ideas Equity fund. How does your fund stand out from others in the same market? Stonehage Fleming Global Best Ideas Equity Fund is a [...]
London needs more than Kevin Costner’s ‘build it and they will come’ approach May 13, 2024 “If you build it, he will come,” whispers the ghostly voice in Kevin Costner’s 1989 film Field of Dreams. It’s a mostly-misquoted line that’s been used to underpin scores of corporate and sporting turnaround efforts over the past 30 years.
London Stock Exchange boss says IPOs on the way as Shein and Raspberry Pi ready floats May 13, 2024 City grandees have cheered on a rebound for the beleaguered London Stock Exchange as fast fashion giant Shein and computer firm Raspberry Pi eye up blockbuster listings in the capital.
LTAFs: What are they? May 9, 2024 Long-term asset funds, or LTAFs, are sweeping the asset management world, despite very few people knowing what they are.
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Firms outside London attract the majority of private capital May 9, 2024 The majority of private equity and venture capital investment in 2023 was made outside of London, according to new data from an industry body.
Bonds & Ballots: Can a British ISA save London’s stock market? May 9, 2024 In this week's Bonds & Ballots, Morning Wire asks: did Jeremy Hunt do enough for UK financial services? And will a British ISA really boost London's markets?