The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding. S&P’s purchasing managers’ index (PMI) …
Personal Finance
Ground Rents Income Fund’s net asset value plunges after leasehold reform
Schroders’ Ground Rents Income Fund has published a its long-delayed full year results for the year to 30 September 2023. The trust revealed that “significant challenges… largely out of its …
Government should penalise UK start-ups that list abroad – City lobby group
An influential City lobby group has urged the next government to explore methods of penalising start-ups that receive taxpayer-funded support if they later opt to list or move valuable operations …
Smith & Nephew shares jump after activist investor Cevian takes stake
Shares in medical equipment manufacturer Smith & Nephew jumped on Thursday after it disclosed Cevian Capital, Europe’s largest activist investor, had taken a stake. The FTSE 100 firm’s stock price …
Assura boss warns of ‘severe’ pressures on health infrastructure alongside solid results
The CEO of health property investor Assura warned alongside its first quarter results that the UK’s healthcare crisis is getting more severe and putting unprecedented pressure on the sector’s infrastructure. …
Peel Hunt enjoys revenue boost amid ‘pick up’ in capital markets activity
Peel Hunt has reported increased revenue this year amid signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from …
London-listed Spectris snaps up US-based Sciaps in £205m deal
Precision equipment manufacturer Spectris has agreed a deal to acquire Boston-headquartered Sciaps for $260m (£205m). The London-listed firm said the transaction, which is still subject to regulatory approval, would be …
Balance sheet is ‘robust,’ insists plastics firm Victrex
Victrex has insisted its balance sheet has been “robust” as it looks to turnaround a recent share slide. The FTSE 250 firm, which makes polymers designed to support CO2 reduction, …
Newriver Reit to more than double its retail portfolio following acquisition
London-listed Newriver Reit has acquired the retail and town centre investment manager Ellandi in a move which will bring the landlord’s assets under management to £2bn. Newriver, whose tenants include …
West End landlord GPE ready to ‘accelerate into favourable conditions’
West End property investment giant Great Portland Estates (GPE) said this morning that it is primed to grow “into increasingly favourable conditions” after it completed a bumper rights issue last …