‘One of the hardest investing years in living memory’: Abrdn swings to pre-tax loss as investors pull £10.3bn from funds February 28, 2023 Abrdn swung to a pre-tax loss last year as investors pulled £10.3bn from its funds in what its chief called “one of the hardest investing years in living memory”. In its full year results today, the FTSE 100 asset manager posted a pre-tax loss of £615m, down from a profit of £1.1bn a year prior, [...]
Telegraph warns of ‘potential irregularities’ in accounts as it reports £245m loss June 19, 2024 The owner of the Daily Telegraph has warned of "potential irregularities" in its accounts following a loan extraction of £278m by the Barclay family, which it says may never be recovered.
The X-Phile: What does the Twitter transformation say about Elon Musk? August 2, 2023 Where to even begin? Over the last week Elon Musk changed the name of his $44bn toy from Twitter to, simply, “X”. In doing so he unleashed yet another torrent of confusion and indignation, something the eccentric billionaire must surely be somehow feeding upon, vampire-like, such is the frequency with which he invites it. But [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
Media secretary to intervene in the Telegraph sale November 30, 2023 Culture and media secretary Lucy Frazer has announced she is intervening in the sale of the Telegraph Media Group.
UK confirms H5N8 bird flu on English turkey farm November 29, 2020 Bird flu has been found at a turkey farm in northern England, the government said on Sunday. “Avian flu has been confirmed at a commercial turkey fattening farm near Northallerton, North Yorkshire,” Chief Veterinary Officer, Christine Middlemiss said in a statement. The disease was the H5N8 strain. It said all 10,500 birds at the farm [...]
Help save the elephants on this Sri Lanka trip of a lifetime July 15, 2024 Help save the elephants with this Sri Lanka trip of a lifetime
Telegraph’s attempt to appoint new finance chief under scrutiny amid government restrictions on group January 3, 2024 The Telegraph is reportedly facing a government review over an attempted replacement of its finance chief amid a probe into a potential takeover by an Abu Dhabi-backed fund.
Elizabeth Line: £19bn route suspended due to SWAN on the tracks June 29, 2023 The Elizabeth Line was suspended on major parts of the route this afternoon as a swan caused major disruption on the popular £19bn route. TFL’s website said that an “obstruction” had caused there to be no service between Heathrow Airport and Abbey Wood, a route that takes travellers through the centre of the city. The [...]
UK government moves to block Telegraph deal and foreign takeovers March 13, 2024 The amendment may derail the proposed £600m purchase of the Telegraph by an Abu Dhabi-backed investment fund.