Emerging markets asset manager Ashmore has reported that customers pulled billions out of its funds for the second successive quarter as the firm suffered from a “subdued” risk environment. The …
July 2024
Softbank snaps up Graphcore in AI push
British chipmaker Graphcore has been snapped up by Softbank as the Japanese investment firm accelerates its push into artificial intelligence. Once talked up as a potential rival to Nvidia, Graphcore …
Pressure mounts on Biden to quit after he calls Zelensky ‘Putin’ and his own VP Harris ‘Trump’
In an highly anticipated news conference following the Nato Summit in Washington DC, President Joe Biden had a few slip ups, as he battles calls from within his own party …
Premier Milton: Demand for UK equities still ‘weak’
AIM-listed fund manager Premier Milton said demand for UK equities remained weak as it reported a slight decrease in assets under management (AUM). In a trading update covering the third …
Balanced Commercial Property Trust sheds more offices amid ‘challenging’ market
Balanced Commercial Property Trust has shed more offices as part of its strategy to focus more on the food and beverage sector. The London-listed firm has sold two offices. A …
London’s latest luxury hotel and club set for former royal residence
A historic landmark in London’s Mayfair, which used to be a royal residence, is set to open as a new luxury hotel next year, it has been confirmed. Cambridge House, …
Are the All Blacks feeling the pressure ahead of Eden Park showdown?
There has been a lot of talk this week about the history of playing the All Blacks at Eden Park being a heavy burden for Steve Borthwick’s England team to …
Non-doms are paying record taxes, but Labour will shove them out the door
The wealthiest non-doms are packing their bags and taking their outsize contributions to the exchequer with them, and that’s just the start of the exodus of the wealthy that will …
High interest rates and the election dampened London prime property market
It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the …
FTSE 100 today: London markets set for third consecutive day of gains
Moving markets today: Asian stocks dip on US tech slump; two-year Treasury yield hits four-month low; Focus turns to US producer prices The S&P 500 halted its recent streak of …