Shortsellers increase bets against Just Eat amid competition from Uber and Deliveroo April 29, 2019 Hedge funds have ramped up their bets against FTSE 100 giant Just Eat in recent months as they look to cash in on shareholder disruption and a slowdown in growth at the online takeaway player. The food delivery firm, which has been facing investor unrest in recent months as it fights to protect its market share against the [...]
Top Brexit donors Odey and Hargreaves say Britain will not leave the EU January 11, 2019 Two of the Leave campaign's biggest donors believe Brexit will not happen as time runs out for the government to finalise its plan for leaving the EU. Peter Hargreaves and Crispin Odey, who both donated vast sums to the Brexit campaign, told Reuters today that they now expect the UK’s referendum decision to be reversed. [...]
Hedge Fund Rich List: Bluecrest Capital Management’s Michael Platt named the City’s richest hedge fund manager May 10, 2019 Bluecrest Capital Management co-founder Michael Platt has been named the City’s richest hedge fund manager for the fifth year running with a fortune of £3.7bn. Preston-born Platt, who started investing aged 14 with £500 of shares given as a birthday gift by his Grandmother, saw his wealth increased by £700m over the course of 2018 putting him [...]
Chris Grayling: Blocking Brexit could prompt surge in right-wing extremism January 12, 2019 The UK could see a huge surge in right-wing extremism if the government blocks or weakens Brexit, a cabinet minister has warned. Transport secretary Chris Grayling said any moves to block Theresa May’s Brexit deal would cause the 17m people who voted to leave the EU feel “cheated”. Grayling told the Daily Mail any intervention [...]
Short sellers tailing off at Pets at Home March 6, 2019 In a rare sign of City confidence in the struggling high street, short sellers have been backing off the recently targeted retail giant Pets at Home. Last year hedge funds were vigorously targeting the leading pet care business, which spooked investors when it posted an 80 per cent crash in profits and vet practice closure [...]
Shopping centre landlord Intu swings to a loss after swallowing £1.4bn hit to property values February 20, 2019 Embattled shopping centre landlord Intu moved into the red last year, as more than £1.4bn was wiped off the value of its property following a swathe of retail challenges. Shares in the group dived almost 10 per cent in early morning trading. The figures Losses at the FTSE 250 firm, which suffered two failed takeover bids [...]
HSBC UK M&A star taking team to Jefferies to lead transactional business August 21, 2018 One of HSBC's top deal doers is jumping to investment bank Jefferies to lead its UK deal team. Philip Noblet, a vice chair in global banking at HSBC, is joining Jefferies alongside two experienced mergers and acquisitions (M&A) specialists, according to sources close to the bank. Noblet moved to HSBC in 2015 from Bank of [...]
Investors buy up shares in Sky as takeover saga heads to sealed bids auction September 19, 2018 Major investment managers and hedge funds have been busy building up their stake in media giant Sky ahead of a crunch deadline approaching this weekend. US based Elliott Advisors said it had raised its stake to 4.3 per cent. Hedge fund Odey Asset Management has also loaded up on shares, while another US fund Baupost [...]
Investors buy up shares in Sky as takeover saga heads to sealed bids auction September 19, 2018 Major investment managers and hedge funds have been busy building up their stake in media giant Sky ahead of a crunch deadline approaching this weekend. US based Elliott Advisors said it had raised its stake to 4.3 per cent. Hedge fund Odey Asset Management has also loaded up on shares, while another US fund Baupost [...]
Crash ahead? Crispin Odey’s hedge fund Odey Asset Management is increasing it short stake in used car business Auto Trader September 7, 2017 Crispin Odey’s eponymous hedge fund Odey Asset Management has been upping its short stake in Auto Trader over recent weeks. On Tuesday, the fund increased its short position in the used car business to 1.3 per cent from 1.26 per cent, implying that Odey may just be banking on a crash ahead for Auto Trader’s [...]