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Investment
UK Chancellor Rachel Reeves Sets Stage for Eight Pension Megafunds Worth £80 Billion Pounds
The UK's financial landscape is poised for a significant transformation as Chancellor Rachel Reeves announces plans to consolidate the country's local government retirement schemes into eight substantial pension "megafunds". This bold…
Curzon Cinema Chain Sold For £39 Million Pounds In Surprise Bargain Deal
The prestigious British arthouse cinema chain Curzon has been acquired by New York-based investment firm Fortress for a mere £3.9 million, raising eyebrows across the UK film industry. The transaction, executed through a foreclosure auction…
Wall Street Bankers Set for Historic 35% Percent Bonus Surge as Markets Rally
Investment bankers across Wall Street are poised to receive substantial bonus increases of up to 35 percent this year, with market sentiment bolstered by the prospect of a second Trump presidency and improving deal flow conditions.
The…
Argentine Fintech Giant Uala Secures $300 Million Investment as Valuation Soars to $275 Billion
In a landmark development for Latin America's financial technology sector, Argentine fintech Ualá has successfully raised $300 million, marking one of the region's most substantial start-up funding rounds in recent years. The investment has…
Mali Detains Resolute Mining CEO as Shares Tumble Over Tax Dispute
Australian gold miner Resolute Mining saw its shares plummet more than 30 per cent on Monday following the detention of its chief executive Terence Holohan and two other employees in Mali. The executives were visiting Bamako, the nation's…
Apple Signals Future Products May Not Match iPhone Profit Success
In a significant shift in corporate messaging, Apple has cautioned its investors that upcoming products might struggle to achieve the remarkable profit margins established by its flagship iPhone business. The warning comes as the tech giant…
Global Markets Brace for Volatility as US Election Battle Intensifies
Financial markets worldwide are preparing for significant turbulence as the United States approaches one of its most contentious presidential elections. The mounting tension between frontrunners has already triggered notable market…
UK Investors Dump £1 Billion Sterling from Funds Ahead of Budget Tax Changes
British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid increased capital gains tax rates announced in Rachel Reeves' autumn budget.
Data from Calastone, the world's largest…
Bond market prepares for increase in UK debt issuance of £300bn by this year
Global investment banks are expecting UK debt sales to reach £300bn this year, the second highest on record. The government is preparing for a showdown against bond investors during this week's Budget.
Gilts could have their worst month…
Blackstone will list its largest investments
Blackstone, world's biggest private capital firm is planning to list its largest investments, a move that could reignite IPO markets.
Jonathan Gray, the president of New York's listed investment giant, spoke today to Wall Street to give…
Morgan Stanley profits increase by a third during Wall Street’s boom
Morgan Stanley beat profit expectations on an impressive third quarter in investment banking, which also boosted rivals and sent its stock to record levels.
The American bank announced that its profit increased 32 percent to $3.2 billion…
The tobacco stakes of a reclusive billionaire have earned him £3.8bn
After massive share buybacks and dividends were paid, a reclusive Cayman Islands businessman has made an estimated £3.8billion from his shares in British American Tobacco and Imperial Brands.
Kenneth Dart is the scion of Dart Container,…
Smith & Nephew accused by the media of inflating profits
A firm that calls itself a "group of financial detectives" has accused Smith & Nephew of using "aggressive accounting techniques" to boost its profit margins.
Dragoneye, a London-based independent research firm for short-sellers, has…
Macquarie to invest £20bn in Britain as Labour seeks investors
The Australian infrastructure company blamed for the Thames Water crisis is planning £20 Billion of new investment in the UK, as the Labour government attempts to attract international investors to fuel economic growth.
Macquarie will…
Big banks and companies say that Britain is ready to invest.
Before the start of important business talks in London, the biggest banks and corporations around the world said that Britain was ready for investment. It also has "a very real opportunity" to expand its economy.
Five of the largest…
Mark Carney: Change the fiscal rules so that the assets of the nation are included
Mark Carney, former governor of Bank of England has given his support to Labour's proposal that the national debt be recalculated by including assets. He argues that this will stimulate an economy "starved of investment".
Carney, in his…
Brookfield wins warehouse giant Segro for £1.1bn
Brookfield, a major investment group in the world, has outbid a competitor and agreed to a deal worth £557million for Tritax EuroBox. Segro, Europe’s largest shed owner , had made an offer of 68.4p per EuroBox share, but this bid is 69p.…
Chinese stocks have their worst day since the pandemic
Chinese stocks fell the most in a single day since the pandemic, amid fears the government's measures to revive the second largest economy of the world will fail.
The Shanghai Composite Index, China's benchmark index, dropped 6.6% on…