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Investment
Vitol reports $13bn profit in second consecutive bumper year
Vitol is the largest independent commodity trader in the world. It has earned far more profits than its competitors for the second consecutive year, cementing its position as a major player in the global energy market.
According to…
UK investors take advantage of Wall Street bull market
Calastone, a data specialist, says that British investors are choosing to invest in US-listed companies over UK stocks.
Investors withdrawn a net £823million from UK funds in February, the highest amount since last February. This was the…
Hedge funds are circling around struggling UK investment trusts
Hedge funds are swooping on the UK's £200bn Investment Trust sector, which is being shunned and undercut by cheaper competitors.
Investment Trusts have been a cornerstone in UK equity markets for more than 100 years. They are now facing…
The group led by Sir Terry Leahy collapses, owing £9m in tax payers
The government has accused a group of companies of "breach" of the scheme rules after they received £9million in taxpayer funding through Rishi Sunak’s Future Fund.
Administrators have announced that several businesses owned by Nova…
Sequoia’s Indian former arm benefits from investors who move money out of China
The former head of Sequoia Capital’s India unit said that the country was getting a “huge” boost as investors moved their money from China, as geopolitical conflicts reshaped the global venture capital markets.
Shailendra Singh is the…
Blackrock is told to reconsider ESG by activist Bluebell
Bluebell Capital, an activist investor, has launched a new campaign to force the $10 trillion fund giant BlackRock to rethink its lauded commitments towards environmental and social governance (ESG).
Next month, the London-based hedge…
Due to the regulatory crackdown, hedge funds are threatening to withdraw their investments in India
Hedge funds have threatened to withdraw their investments from India due to controversial new rules that were introduced as a response to the short seller attack last year on Adani, which is one of India's largest companies.
According to…
Gold prices surge to record highs
Gold's price has soared to record levels, driven by investors looking for safe havens and central banks.
According to LSEG, the yellow metal reached $2,141 an ounce, which was a record, surpassing the previous record set in December of…
BT’s analyst call has helped BT to regain the trust of investors
Berenberg has issued a call to investors who have suffered for BT. Berenberg questioned whether the shares of the telecoms company, which had fallen 15 percent since the beginning of the year, were too low.
The mood at BT is tense. There…
Rolls-Royce is at the top of Footsie leaderboard
Rolls-Royce has a habit of occupying the top spot in the FTSE 100 leaderboard. Today was no different, after some bullish remarks from Deutsche Bank.
According to Christophe Menard of the German bank, the engine maker's results showed…
BAE Systems, the defence specialist, is at the forefront
BAE Systems is no longer a pariah, but a saviour to many investors. The latest call for more material by President Zelensky, at the second anniversary, has brought the spotlight back on arms manufacturers. BAE Systems' announcement of its…
Hargreaves Lansdown earns £132m in interest from customer accounts
Hargreaves Lansdown said it would reduce its interest share from the balances of customers to avoid a regulatory crackdown. However, it did not indicate that it would be making a big sacrifice.
The concessions on cash windfalls were made…
Village Hotels sold to Private Equity for £800m
A US private equity fund launched an auction for Village Hotels, the UK's largest mid-market chain. The sale is expected to reach £800 million.
Sources in City say that advisors to KSL Capital Partners are marketing Village through…
How Abrdn has lost the battle to get investors’ money
Abrdn struggles to show that everything is on track seven years after the merger of £11bn.
After Stephen Bird informed a group angry money managers their bonuses wouldn't be distributed "like peanutbutter", the newly-in charge company…
Harry Potter publisher Bloomsbury is expecting to exceed full-year expectations
After the success of Sarah J Maas's new book, Bloomsbury expects to "significantly exceed" market expectations in terms of profit and revenue.
Publisher of Harry Potter said that they now expect annual revenue to be £291.4 and profit…
Trig believes Fig at £20m is a good deal
The Renewables Infrastructure Group has bought a British battery storage developer as it seeks to diversify into assets with the potential to deliver higher returns.
The FTSE 250 group will pay £20 million for Fig Power over the next two…
Siemens expands London Underground Train production in UK
Siemens' decision to shift more work for London Underground from Germany to the UK will result in a much busier factory than anticipated when it begins production in spring.
Siemens was awarded a £1.5 billion contract in 2018 to replace…
Investment group invests in high-yielding stocks
The Association of Investment Companies' website recorded the most searches for City of London Investment Trust last year.
The FTSE 250 firm with a market capitalization of £2 billion took the top spot in the rankings for the second…