Jupiter Fund Management reports profits boost despite outflows February 25, 2022 Asset management giant Jupiter recorded a 21 per cent surge in profits last as the firm’s acquisition of Merian led to a boost in performance.
What’s behind value’s recent renaissance? February 24, 2022 | City Talk The debate over the value and growth investment styles has been intense in the opening weeks of this year. Value’s relative outperformance has been eye-catching, with the MSCI World Value index returning -1.3% in January compared to -9.3% for MSCI World Growth. In some ways though, this is just a continuation of last year’s oscillations [...]
Gold surges as investors seek steady ground following Russian invasion of Ukraine February 24, 2022 Gold and palladium prices surged this morning as investors looked for steady ground in a morning which saw global equity markets plunge after Russia invaded Ukraine. Gold climbed 3.4 per cent to $1,971.54 per ounce by 11:40 GMT, the highest since September 2020. U.S. gold futures jumped 2.4% to $1,956.00. “Investors are diverting investments from [...]
Profit margins hit hard as pricing strategies struggle to keep pace with supply chain issues, Covid and Brexit February 24, 2022 A vast majority of UK businesses are struggling to manage market fluctuations caused by supply issues, Covid-19 and Brexit and UK organisations lose out on £451,000 every year on lost productivity, thereby hitting profit margins, according to new data shared with City PM this afternoon. A recent study conducted by Forrester Consulting on behalf of intelligent pricing [...]
Exclusive: Beckham-backed electric vehicle startup hits $200m valuation February 24, 2022 An ‘upcycled’ electrical vehicle startup backed by David Beckham has hit a $200m valuation today, as it closed a private funding round to pump into a major manufacturing facility.
GSK looks for covid jab approval as it prepares to spin off consumer arm February 23, 2022 GlaxoSmithKline and French drugmaker Sanofi have announced they are seeking regulatory approvals for their joint covid vaccine as the firms scramble to catch up with competitors after a series of delays.
City exclusive: London court issues arrest warrant for high-profile venture capitalist Julie Meyer February 23, 2022 The High Court has issued an arrest warrant for Julie Meyer, the founder and CEO of Swiss investment fund Viva Investment Partners (VIP), after she failed to attend a court hearing last week. The decision to issue a warrant for Meyer’s arrest comes after the High Court this month handed the high-profile businesswoman a [...]
Brexit Multiverse of Madness: ‘Jacob Rees-Mogg is hoping for the reality-bending powers of Marvel’s Dr Strange’ February 23, 2022 The new Brexit Opportunities Minister, Jacob Rees-Mogg, has said that Brexit is ‘already a success’ and ‘the evidence that Brexit has caused trade drops is few and far between’. City PM spoke to one of the UK’s biggest international delivery firms and their response was “He said that? Well, not in our universe.” In fact, [...]
Influx of foreigners: Rapid rise in hiring and relocating overseas talent to the UK due to severe shortage of job candidates February 23, 2022 A severe shortage of job candidates in the UK is fuelling a rapid rise in the number of British employers seeking out international talent to fill their vacancies and offering them more support in their move to a new country and city. Relocation platform PerchPeek told City PM this morning that it has seen a 327 per cent [...]
Rio Tinto to pay out biggest-ever dividend to shareholders after achieving record earnings of £15.7bn February 23, 2022 Mining firm Rio Tinto achieved record financial results in 2021, recording a free cash flow of £13bn and underlying earnings of £15.7bn. The figures led to the company paying its biggest ever dividend to shareholders. Net cash generated from the iron ore producer’s operating activities improved 60 per cent on 2020 levels while profit after [...]
