Investment firm HG Capital weathers turbulence of war in Ukraine and the pandemic May 10, 2022 Investment firm HG Capital Trust has weathered pressures of the war in Ukraine and the pandemic, as it reported its revenue up nearly five per cent. The London-listed firm’s share price was up 435.5 points at the end of March, with its net assets up to £2bn. Its top 20, representing almost 80 per cent [...]
UK retail investors hold their nerve despite rising inflation, commodities and Ukraine war raging on May 5, 2022 UK retail investors have remained composed in the face of the Russia-Ukraine conflict, despite significant concerns about future implications of the crisis on the financial markets, international relations, and the environment. Only 14 per cent of investors monitor the conflict between Russia and Ukraine when thinking about their investment strategy. The same number said they [...]
London tech incorporations jump 94 per cent as capital becomes hotspot April 27, 2022 The number of new tech companies incorporated in London jumped 94 per cent in 2021, with the capital becoming a new hotspot for investment.
Exclusive: Sun European’s managing director on private equity deal-making in the City post-pandemic April 21, 2022 Time for Morning Wire to catch up with investment veteran and City insider Mark Corbidge, managing director and a member of Sun European’s Investment Committee.
Government refuses to disclose eight ‘Golden visa’ oligarchs in UK April 11, 2022 The government has refused to name eight sanctioned oligarchs who bought so-called ‘golden visas’ to live in the UK, under a now scrapped scheme. Priti Patel has been urged to reveal the identities of the individuals and publish a report on the programme, which was shelved in February as Russia invaded Ukraine. The ‘tier one [...]
UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]
Abrdn forced to delay £1.5bn Interactive Investor takeover due to global paper shortages February 6, 2022 Edinburgh headquartered asset manager Abrdn has been forced to delay a shareholder ballot on its plans to launch a £1.5bn takeover of online investment platform Interactive Investor, because of an international paper shortage. Abrdn had hoped to let shareholders vote on its plans to takeover Interactive Investor ahead of its results. However, the Scottish asset [...]
Exclusive: ‘Keep a cool head in hairy markets but avoid being an ostrich’, says City grandee and fund chief Andrew Bell January 20, 2022 Witan Investment Trust is a well-know name in the City’s investment space. It can trace its history back to 1909 when it was set up to manage the investment affairs of Sir Alexander Henderson, who later became the first Lord Faringdon. Today it holds over £2.2bn on behalf of more than 28,000 shareholders, using a [...]
NS&I lifts rates on savings to meet Treasury’s fundraising target December 21, 2021 National Savings & Investments, the government-backed savings bank, today announced it will push up interest rates on some of its savings accounts at the end of the month, as it scrambles to meet the government-set net financing target for its financial year. As of 29 December, the interest rate on NS&I’s Direct ISA, Direct Saver [...]
Exclusive: ‘If it ain’t broke, don’t fix it’ no longer applies as tech-daring UK companies are hungry for risk November 25, 2021 Enthusiasm for experimenting with new technologies is growing fast across UK businesses, largely because many companies are increasingly prepared to take more risks. Given the increased risk appetite and firms embracing tech, organisations are pumping more cash in new technological applications and platforms. In fact, 77 per cent of businesses with headcounts over 250 said [...]