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2 days ago | 
investmentweek.co.uk | Linus Uhlig
Earlier this month, MCT said it intends to propose an option to offer liquidity to shareholders in a first-of-its kind solution for the UK that would see the rollover of an investment company into an actively managed UCITS ETF. The trust's decision came after intense activism from New York-based hedge fund Saba Capital, making it the second investment trust of the nine targeted by Boaz Weinstein's firm to propose some form of solution.
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2 days ago | 
investmentweek.co.uk | Linus Uhlig
Speaking at the BoE watchers' conference in London on Monday (12 May), Mann was questioned about the use of restrictive language by rate setters on Threadneedle Street. "When will we stop using the restrictive language? When it is appropriate," she argued.
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3 days ago | 
investmentweek.co.uk | Linus Uhlig
In a London Stock Exchange statement, the firm said it intends to raise approximately $230m through the sale of new shares. Glencore and Anchorage have already agreed to participate as a cornerstone investor, according to the statement, with the pair set to invest around $24.3m and $23m, respectively, equivalent to stakes of approximately 10% and 9.5%.
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3 days ago | 
investmentweek.co.uk | Linus Uhlig
In a statement from the White House, US Treasury Secretary Scott Bessent said: "I am happy to report that we made substantial progress between the United States and China in the very important trade talks." The US and China have agreed to reduce tariffs for the next 90 days as part of the de-escalation of fractious trade relations.
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3 days ago | 
investmentweek.co.uk | Linus Uhlig
The company's registration document has been approved by the Financial Conduct Authority, with iFOREX noting that it "plans to obtain new regulatory licenses to increase penetration into new and existing markets". The firm, which develops and operated a proprietary online and mobile contracts for difference (CFD) trading platform, saw trading income of $50.1m for the year ended 31 December 2024.
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6 days ago | 
investmentweek.co.uk | Linus Uhlig
Set to take effect from 1 June 2025, their appointment sees the pair bring a combined six decades of investment experience to the $1.3trn asset manager. They will join as members of the Asset Management Executive Group and report to the company's president, Daniel Gamba.
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6 days ago | 
investmentweek.co.uk | Linus Uhlig
Under the agreed purchase, Urban Logistics' shareholders will receive 0.5612 new LondonMetric shares and 42.8p in cash for each share they held of the soon-to-be taken over company. The acquisition values each of the trust's shares at 150.3p, representing an approximate premium of 21.8% to the closing price per Urban Logistics share on the 10 April 2025, the last business day prior to the commencement of the offer period.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
This is according to Jana Mackintosh, managing director, payments and innovation at UK Finance, who spoke at the Treasury Select Committee hearing on Wednesday (7 May). Mackintosh told MPs and peers on the committee that "recent estimates show productivity can be improved by up to 30%". UK regulators diverge on rules for AI use among own employees However, according to the UK Finance director, this "very much depends on the use case and application" of the technology.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
Rate setters on Threadneedle Street are poised reduce the current base rate from 4.5% to 4.25% in the BoE's first decision since US President Donald Trump's ‘Liberation Day'. "A base rate cut looks nailed on but what will be most significant is the Bank's future guidance," said Jeff Brummette, chief investment officer at Oakglen Wealth.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
During his more than two decades in the industry, Harrison spent four years at the Institute for Fiscal Studies before becoming George Osborne's chief economic adviser during the then-shadow chancellor's time in opposition. Schroders, PIMCO and Royal London funds part of 24 latest RSMR ratings Following the 2010 election, Harrison became chair of the Council of Economic Advisers at the Treasury, before leaving to join BlackRock as a portfolio manager on the multi-asset team.
