How are AI hedgies finding the next Nvidia and what are they betting big on? February 16, 2024 As Nvidia becomes Wall Street’s third most valuable company, where else are hedgies looking to place their AI related bets?
Brexit friction is hurting firms – Sunak must ‘strengthen EU relations’, top business body warns February 16, 2024 Businesses have still not adapted to the impact of Brexit and the government must “strengthen relations with the EU” to alleviate the strain on firms, the UK’s top business body has warned.
Scared of investing when the market is at an all-time high? Don’t be. February 15, 2024 While it might seem counter-intuitive, it is actually better to invest when the market has hit an all-time high, rather than sitting on the sidelines with cash. Just because the US stock market has recently hit an all-time high, doesn’t mean you should be worrying about getting into investing. New research from Schroders shows that [...]
What is going on at Abrdn? A rundown of the company’s troubles February 14, 2024 Investment firm Abrdn has been the victim of multiple bad headlines over the last few months. When will it stop for CEO Stephen Bird?
Dispensa to delist from London Stock Exchange after market cap collapse February 14, 2024 Dispensa, the holding company that focuses on luxury food brands, is set to delist from the London Stock Exchange, as the firm has fallen to just £2.3m in market cap. The delisting was approved by the firm’s board of directors “following extensive deliberation” over how to best maximise shareholder value for the company. The board [...]
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value February 14, 2024 Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."
Hunt facing clash with the City as Treasury doubles down on share tax February 14, 2024 The Chancellor Jeremy Hunt is facing a potential clash with the Square Mile in the coming weeks after the Treasury doubled down on an unpopular tax on share trading yesterday.
Bank of England plots reinsurance stress tests amid fears of hidden risks February 13, 2024 The Bank of England has said it is mulling whether “further measures” are required to shore up major insurers today, amid reports it is preparing stress tests to probe the market’s exposure to offshore reinsurance firms.
ITV: Mayfair hedge fund snaps up stake as broadcaster grapples with ‘ad recession’ February 13, 2024 A secretive Mayfair-based hedge fund has snapped up a stake in ITV today as the broadcaster struggles with an "advertising recession" and a sharp slump in its share price.
Home REIT: FCA launches investigation into troubled housing investor February 13, 2024 The Financial Conduct Authority has opened an investigation into the beleaguered housing investor Home REIT. In a stock exchange notice today, Home REIT said it had been notified of an investigation into it from the FCA, covering the period between 22 September 2020 to 3 January 2023. “Naturally, the company will cooperate fully with the [...]