City hedge fund portfolio manager buys stake in Premiership rugby club October 22, 2024 Former Goldman Sachs investment banking associate Jack Ingles has purchased a stake 10 per cent in Premiership Rugby team Gloucester. Currently a portfolio at hedge fund Point72, Ingles will join majority shareholder Martin St Quinton and fellow businessman Tim Griffiths in the Gloucester Rugby ownership group. It is reported that both Ingles and Griffiths will [...]
The FII Institute’s PRIORITY Compass Global Citizen Survey: A Blueprint For Tomorrow October 22, 2024 In 2022, the Future Investment Initiative (FII) Institute embarked on a mission to collate data on what are the most pressing concerns of the majority of the world’s population through the inception of the FII PRIORITY Compass, its global citizen survey. The survey’s role is to help world leaders and decision-makers identify and thereby address these concerns. [...]
Starmer should make trade with Saudi Arabia a top priority October 22, 2024 The UK and Saudi Arabia have long cultivated strong ties. A bilateral trade relationship represents trade in goods and services between the two of a significant £17.6 billion for the 12 months to the end of Q1 of 2024.* Crucially, the Saudi government is investing billions into the UK economy through the Saudi sovereign wealth [...]
Ex-Abercrombie & Fitch boss arrested and facing sex trafficking charges October 22, 2024 The former boss of fashion giant Abercrombie & Fitch and his British partner have been arrested and face sex trafficking charges. A spokesperson for federal prosecutors in the US said ex-chief executive Mike Jeffries, his partner Matthew Smith and a third man, Jim Jacobson, were arrested on Tuesday morning. The trio are alleged to have [...]
St James’s Place ditches manager of lagging £9.9bn fund October 22, 2024 St James’s Place has ditched one of the managers of a struggling £9.9bn fund as Britain’s biggest wealth manager looks to recover from a troubling year and deliver more value for its customers. Impax, which has co-managed St James’s Place Global Quality Unit Trust since 2021 alongside five other investment houses, has been dropped by [...]
Burberry, LVMH and Kering: Rebound of travel and China to boost luxury market October 22, 2024 Analysts have stressed the problems in the luxury market are cyclical, not structural, and predicted an upswing at brands like Burberry, LVMH and Kering as international travel looks set to rebound past pre-pandemic levels. The downturn in the luxury market, which has been suffering from the cost-of-living crisis in the West and a slowdown in [...]
Taxman hits Halifax Panthers with fresh winding up petition October 22, 2024 The tax authority has hit professional rugby league club Halifax Panthers with a new winding up petition on Tuesday
Inheritance tax receipts hit record high ahead of expected Budget reforms October 22, 2024 The government raked in £4.3bn from inheritance tax in the six months to September, a nine per cent rise on the same period last year, as Rachel Reeves lines up reforms to the unpopular tax in her Budget next week. According to figures released by HMRC on Tuesday, the Exchequer received £736m from inheritance tax [...]
HSBC: The questions investors want answered on Elhedery’s East-West split October 22, 2024 HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Autumn Budget: Which taxes will Rachel Reeves hike? October 22, 2024 With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving [...]