Rescuing abandoned customers ‘costs leading energy firms £700’ October 11, 2021 Taking on customers whose energy company has collapsed will cost surviving gas and electricity firms approximately £700 more per new client. Market giants such as British Gas, Octopus, and Shell have gained hundreds of thousands of retail customers from Ofgem’s supplier of last resort process – but it comes at a cost. The price of [...]
KKR founders Henry Kravis and George Roberts step down from the throne October 11, 2021 Private equity grandees Henry Kravis and George Roberts, who founded KKR in 1976, are stepping down as co-chief executives of their eponymous buyout firm. Succeeding them, Joe Bae and Scott Nuttall, who have both served as co-presidents for four years, have taken the helm. Both Kravis and Roberts will remain actively involved in the private [...]
Nobel Prize in economics awarded to three economists October 11, 2021 The 2021 Nobel Memorial Prize in Economics Science has been awarded to three economists for their innovative use of natural experiments to solve some of the field’s toughest problems. David Card, of the University of California, Berkeley, shared the prize with Joshua D. Angrist, of Massachusetts Institute of Technology, and Guido W. Imbens, of Stanford [...]
Further oil price gains boosts FTSE 100 October 11, 2021 Further gains in oil prices boosted industrial stocks this morning, lifting the FTSE 100 into positive territory. The capital’s premier index was up 0.12 per cent to 7,104.27 points during the first couple of hours of trading. Industrials led the FTSE higher this morning, with oil megacaps BP and Royal Dutch Shell both climbing more [...]
UK business failures expected to rise by 32 per cent October 11, 2021 Researchers are predicting a wave of business insolvencies will hit the UK before the end of 2022 as the government rolls back Covid support. During the pandemic many businesses have been kept afloat by emergency government funding which spared an estimated 18,900 companies from insolvency in 2020. Euler Hermes expects 37,000 businesses to fail before [...]
An elevator pitch from Fund Manager of Majedie Investments, William Barlow October 11, 2021 To watch the elevator pitch video in full, visit: https://doceo.tv/funds/majedie-investments William Barlow, Fund Manager, explains that the objective of the Trust is to maximise capital appreciation and grow the dividend above the rate of inflation over the long term by investing in Global Equities. He goes on to explain how it is differentiated from competitors [...]
An update from Fund Manager of Aberdeen Standard European Logistics Income, Evert Castelein October 11, 2021 To watch the update video in full, visit: https://doceo.tv/funds/aberdeen-standard-european-logistics-income In the latest video from fund manager Evert Castelein, he discusses the opportunities within the European logistics market, provides us with an overview of this property portfolio, updates us on performance and announces a £75m capital raise. Visit the page to also watch Evert’s three minute [...]
An elevator pitch from Investment Manager of Murray International, Bruce Stout October 11, 2021 To watch the elevator pitch video in full, visit: https://doceo.tv/funds/murray-international Bruce Stout, Investment Manager, summarises the Trust’s objective, its strategy and style, the geographical split, key sectors and its differentiated approach in the market. Learn about the Investment theme access, Manager experience and the human behind the strategy – all in three minutes! Visit the [...]
An update from Portfolio Manager of Invesco Bond Income Plus, Rhys Davies October 11, 2021 To watch the update video in full, visit: https://doceo.tv/funds/invesco-bond-income-plus With effect from 19 May 2021, the Company was enlarged by the merger with Invesco Enhanced Income Limited by way of a contractual scheme of reconstruction, following which the Company changed its name to Invesco Bond Income Plus Limited. Here, Rhys provides us with an update [...]