‘Ugly duckling’ Ruffer sticks by market crash predictions Investment The £1bn 'ugly duckling' Ruffer Investment Company has reported a tough year after making wrong calls about the path of the economy, but analysts hope that the long-term bets made by the trust will pay off.
Investors continue to buy Scottish Mortgage in bet on growth Investment UK investors continue to be drawn to growth-focused investment trusts like Scottish Mortgage and JP Morgan Global Income & Growth.
Cavendish slides to loss despite consistent growth Banking One of the City's newest investment banks has slashed its dividend after sliding into the red despite rapid growth. Cavendish raked in £48m in revenue in the year ended March 31, up nearly fifty per cent on the previous year.
Deutsche Bank starts cutting jobs at Numis after merger July 4, 2024 Deutsche Bank has started cutting jobs at Numis after the German giant acquired the City-based investment bank for £410m last October.
Small trust worth £30m moves in for £600m Abrdn Asia Dragon May 7, 2024 In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.
Warehouse REIT boosts quarterly income 30 per cent with rent hikes April 25, 2024 Warehouse REIT, the real estate investment trust, boosted its rental income for the quarter by over 30 per cent after renegotiating its warehouse rents. In a trading update covering the first three months of 2024, the trust said it had completed 22 transactions, securing £1.4m of contracted rent. The 22 transactions were nine new lettings, [...]
