Old Mutual: South African savings firm reports subdued growth after pandemic woes March 15, 2022 South African-based investment group Old Mutual experienced subdued growth in 2021 as the country’s economy bounced back from the pandemic. The company’s CEO announced its gross flow increased four per cent to R194.8bn (£9.8m) following a spike in sales over the course of last year. The pandemic however led to it paying out hundreds of [...]
Bumper year for start-up backers as exit value hits £26.7bn March 14, 2022 Investors in UK start-ups saw a bumper year of exits last year with total value topping a record £26.7bn, as smaller firms roared back into growth mode after a pandemic slowdown, according to fresh data.
Gold and silver tumble as central banks ready interest rate hikes March 14, 2022 Gold and silver prices slipped this morning as looming interest rate hikes and growing optimism of a ceasefire led investors to flee safe haven assets.
Top finance firms call for transparency on environmental performance March 14, 2022 A group of the world’s top financial firms with more than $130tn in assets have called on businesses to reveal data on their environmental performance, as global governments prepare to push for more transparency on sustainability.
Seizing companies’ assets would take Russia back to Bolshevik revolution, Putin ally says March 12, 2022 Russian mining billionaire Vladimir Potanin has warned Putin against seizing control of assets owned by the foreign firms that have exited Russia, after arguing that doing so would drag Russia back to the time of the Bolshevik revolution. Multi-billionaire mining magnate Potanin, who in 2018 appeared on the US Treasury’s list of 210 individuals with [...]
Berkshire Hathaway says shareholders should vote against plans to replace Warren Buffett as chairman March 12, 2022 Berkshire Hathaway has called on shareholders to vote against plans to replace Warren Buffet as chairman of the Omaha headquartered investment company. The Board of Berkshire Hathaway said shareholders should vote down a proposal, put forward by Pennsylvania investment firm Federated Hermes, to separate the positions of Chairman and CEO within the firm. The move [...]
Most millennial investors think they will be financially stronger after the pandemic March 11, 2022 More than 60 per cent of millennial investors believe they’ll be financially stronger after the pandemic then before it. While coronavirus had a devastating impact on many parts of the economy, those aged 18-34 saw it as an opportunity to enter different markets. The majority of millennials looked to adapt to the ‘new normal’, according [...]
BlackRock clients take $17bn hit as Russian assets plunge in value March 11, 2022 The world’s largest asset manager BlackRock has taken a $17bn hit on its Russian investments which have plunged in value since the invasion of Ukraine.
Fintech cash injection from Canadian pension fund reignites calls for UK schemes to ‘step up’ March 11, 2022 A cash injection from one of Canada’s biggest pension funds into a London fintech firm has reignited calls for UK pension funds to “step up” and back British tech today.
London Metal Exchange extends nickel freeze after scrapping $3.9bn worth of trades March 11, 2022 The London Metals Exchange confirmed last night that nickel trading would remain suspended until next week after it took the drastic step to halt trading and scrap around $3.9bn worth of trades on Tuesday.
