FCA under pressure to block Shein listing over forced labour concerns June 26, 2024 The Financial Conduct Authority is under pressure to block the listing of fast-fashion giant Shein due to concerns over the company’s alleged use of forced labour in its supply chains.
Where next for Liontrust? June 26, 2024 Liontrust's annual results this morning were disappointing, as the asset manager reported it had fallen into the red.
Apax Global Alpha launches ‘flexible’ capital allocation framework and kicks off buyback June 26, 2024 Private equity investment trust Apax Global Alpha has unveiled a new capital allocation framework and kicked off a share buyback programme to take advantage of "wide discounts", also announcing the retirement of its long-serving chair.
Alliance Trust and Witan Investment Trust agree to merge in sector’s largest deal to date June 26, 2024 Two massive investment trusts have agreed to the largest merger from the sector ever, as Witan investment trust is set to be rolled into Alliance trust.
Liontrust falls into red as performance fee revenue collapses June 26, 2024 Liontrust fell into the red this year after investors pulled over £6bn from its funds, up from the already brutal £4.8bn the year before.
Phoenix Group to explore potential sale of Sunlife June 26, 2024 Phoenix Group, the UK’s largest long-term savings and retirement business, has revealed that it will explore a possible sale of its Sunlife business.
Investors take punt on Labour despite some stock market concerns June 26, 2024 38 per cent of UK investors said they'd be voting Labour, compared to 23 per cent for the Conservatives, according to a survey conducted by Finimize.
Meet the Fund Managers: Andrew Lake explains how to find value in escapism June 25, 2024 In this episode of Meet the Fund Manager, investment reporter Elliot Gulliver-Needham sits down with Andrew Lake, head of fixed income at Mirabaud Asset Management and manager of the Mirabaud Global Strategic Bond fund.
Labour is still ‘ambivalent’ towards the City – we need celebration, says Federated Hermes chief June 25, 2024 Labour is still “ambivalent” towards the City and neither of the major parties have done enough to “celebrate” its achievements, according to the UK chief of Federated Hermes.
City rounds on pension schemes over attempt to derail FCA listing changes June 25, 2024 City figures have rounded on a group of top pension schemes after they mounted a last ditch attempt to derail the Financial Conduct Authority’s shake-up of listing rules last week.