Molten Ventures tech portfolio slumps nearly £200m – but it’s not all doom and gloom April 27, 2023 Listed venture vehicle Molten said the value of its holdings had slumped by more than £200m in the year to the end of March as high-growth tech firms are buffeted by an economic downturn.
Schroders calls in new finance chief as assets tick upwards April 27, 2023 Schroders has announced its finance chief Richard Keers will step down from the firm later in the year as it reported a bump in assets under management in the first quarter.
London Stock Exchange Group posts rise in profits as data division cashes in April 27, 2023 The London Stock Exchange Group said its “strategy continues to deliver” this morning as it shrugged off a slowdown in equity markets and notched a rise in profits in the first three months of the year. In a trading update today, the owner of the London Stock Exchange said gross profits had risen 13.9 per [...]
Short seller issues fresh warning to Labour MP after suggesting Kremlin links April 27, 2023 Labour MP Liam Byrne has come under fresh pressure from City short-seller Fraser Perring today after failing to cough up evidence for his allegations the investor was acting on behalf of the Russian state.
FTSE 100 close: Persimmon and Standard Chartered peg losses on London index April 26, 2023 London’s FTSE 100 skidded lower today despite a decent batch of results pumping up banks and house builders. The capital’s premier index lost 0.49 per cent to close at 7,852.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.04 per cent lower to [...]
Man Group records $1bn net inflows as investors jitters ease April 26, 2023 Hedge fund Man Group notched more than $1bn of net flows into its funds in the first three months of the year and bumped up its assets under management as investors edged back into the market after a turbulent 12 months.
London over and out: CRH confirms New York listing swap after ‘strong support’ from shareholders April 26, 2023 Building supplier CRH said it will press ahead with plans to ditch its London in favour of New York today, confirming a major blow to the City as it scrambles to revive the appeal of its capital markets.
FTSE 100 close: London ends down ahead of Google and Microsoft results as Primark owner slumps April 25, 2023 London’s FTSE 100 was dragged lower today as investors fretted over the state of a batch of big tech results on Wall Street rolling in over the coming days. The capital’s premier index shed 0.27 per cent to drop to 7,891.13 points, while the domestically-focus mid-cap FTSE 250 index, which is more aligned with the [...]
Quilter ‘cautiously optimistic’ as investor flows tick upwards April 25, 2023 Wealth manager Quilter said it was “cautiously optimistic” today as flows onto its platform rose again in the first three months of the year.
Jupiter sheds £900m as nervous investors shun UK stocks April 25, 2023 Skittish investors pulled £900m from fund manager Jupiter in the first quarter of the year as volatility on the markets continues to weigh on investors’ appetite for UK and European stocks.
