2 h. ago Azerbaijan's oil fund SOFAZ invests $66 mln in London's Gatwick airport

Azerbaijan's oil fund SOFAZ invests $66 mln in London's Gatwick airport  Reuters

Economics

4 h. ago Sims 4 fans concerned over future of LGBTQ+ representation after EA buyout

Fans of the Sims franchise have been expressing their fears and dismay online over news that its developer EA has been bought out by a consortium including a Saudi Arabian investment fund

Politics

20 h. ago IMF chief warns ‘uncertainty is the new normal’ in global economy

Kristalina Georgieva outlines mounting risks to economic stability before fund’s annual meetings next weekBank of England warns of growing risk that AI bubble could burstGold price tops $4,000 for first time as investors seek safe havenThe head of the International Monetary Fund has issued a stark warning about the mounting risks facing the global economy, saying: “Buckle up: uncertainty is the new normal.”As finance ministers and central bankers prepare to meet in Washington for the IMF’s annual meetings next week, its managing director, Kristalina Georgieva said the world economy had shown surprising resilience in the face of Donald Trump’s trade war. Continue reading...

Events

22 h. ago Tour operator Intrepid drops carbon offsets and emissions targets

Firm will instead invest A$2m a year in ‘climate impact fund’ supporting renewables and switching to EVsOne of the travel industry’s most environmentally focused tour operators, Intrepid, is scrapping carbon offsets and abandoning its emissions targets as unreachable.The Australian-headquartered global travel company said it would instead invest A$2m (£980,000) a year in an audited “climate impact fund” supporting immediate practical measures such as switching to electric vehicles and investing in renewable energy. Continue reading...

Events

7 d. ago Leading UK tech investor warns of ‘disconcerting’ signs of AI stock bubble

James Anderson voices concern over soaring valuations of artificial intelligence firmsA leading British tech investor has described soaring valuations of artificial intelligence companies as “disconcerting”, amid concerns of an AI stock market bubble.James Anderson was an early backer of Tesla, Amazon and China’s Tencent and Alibaba, generating vast returns for Baillie Gifford’s flagship fund. Now at the Italian investment company Lingotto, Anderson said he had not seen signs of an investment bubble until recently, when the ChatGPT developer, OpenAI, and its rival Anthropic announced hefty valuation increases. Continue reading...

Events

9 d. ago CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms

CSX railroad replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs

Economics

1 week ago Tories demand Commons sleaze investigation after leaked texts suggested secret slush fund to propel Starmer to Labour leadership

The WhatsApp messages appear to directly contradict the party's denials last week that embattled Chief of Staff, Morgan McSweeney, used his Labour Together think tank to back Sir Keir.

Politics

1 week ago Five rules for rebalancing your portfolio after investing in a big winner

Making big gains is a positive - but ensure your investments aren’t over-reliant on one winning stock or fund

Politics

2 w. ago UK taxpayers lose out after Rishi Sunak plan leaves £400m black hole

The Future Fund was designed to help small businesses survive the pandemic

Economics

2 w. ago INVESCO GLOBAL EQUITY INCOME TRUST: Income fund that covers all bases

The managers of this £250 million fund do things rather differently, and it seems to be working rather well.

Politics

2 w. ago Welsh council orders review of huge pension fund investments

A Monmouthshire County Council meeting discussed its own investments in light of a UN inquiry which concluded Israel has committed genocide against Palestinians in Gaza

Economics

2 w. ago British taxpayers lose £400m as result of investment fund set up by Sunak

Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, had since gone underBusiness live – latest updatesUK taxpayers have lost £400m after the collapse of hundreds of startups backed by a heavily-criticised Covid-era investment fund launched by former prime minister Rishi Sunak.The so-called Future Fund had originally spent £1.14bn backing 1,190 companies, including those not usually associated with government portfolios, such as the sex party organiser Killing Kittens and now-defunct festival tickets business Pollen. The fund also invested nearly £2m in companies linked to Sunak’s wife, Akshata Murty. Continue reading...

Economics

2 w. ago Taxpayers lose £400m as result of investment fund set up by Rishi Sunak

Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, have since gone underBusiness live – latest updatesUK taxpayers have lost £400m following the collapse of hundreds of startups backed by a heavily criticised Covid-era investment fund launched by Rishi Sunak when he was chancellor.The Future Fund spent £1.14bn backing 1,190 companies, some of them of types not usually associated with government portfolios such as the sex party organiser Killing Kittens and the now defunct festival tickets business Pollen. Continue reading...

Economics

3 w. ago I'm a fund manager... this is the one share I'd hold for the next decade, says Mercantile Trust's Guy Anderson

Guy Anderson, fund manager of Mercantile Investment Trust, on Games Workshop, Plus500, Bitcoin and the 'cheap' UK market.

Politics

3 w. ago Leading UK finance and investment platform secures £500 million funding

A Leading UK finance and investment platform has secured a £500 million fund - marking a pivotal evolution in its growth trajectory.

Economics