Strictly's Shirley Ballas praises Rose Ayling-Ellis for 'blocking out' noise
The world's 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show. As a group, the most successful managers earned more than one third of the $176 billion that all hedge funds made last year, LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group, reported. The top 20, including brand-name investment firms TCI Fund Management and Citadel, returned an average 10.5% and jointly managed nearly one fifth of the industry's $3.6 trillion in assets, the data show.
This FTSE 100 constituent saw its share price skyrocket nearly 60% in 2021 despite pandemic created slowdowns and supply chain disruptions. The post Why this FTSE 100 stock rose 58% in 2021 appeared first on The Motley Fool UK.
BRUSSELS (Reuters) -More than 2 billion euros of European Union funding to help businesses save energy contributed little to climate change targets and in some cases funded investments that would have happened anyway, auditors said on Monday. The EU regards curbing energy use as essential to meeting goals to cut greenhouse gas emissions, and record high gas and power prices in recent months have increased the focus on measures to save energy. But so far, EU funding to support energy savings for businesses has not been effective, the European Court of Auditors said in a report.
Jobs site CV-Library said its survey found that lawyers, teachers and new graduates were those most disappointed with their salaries.
Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. Prices for physical cargoes do not always trade in tandem with oil futures and when differentials widen rapidly and considerably, they can indicate speculators have oversold or overbought futures versus fundamentals. Brent oil futures have jumped 10% since the start of the year but the physical market is still racing ahead, with differentials for some grades hitting multi-year highs, suggesting a tight market will push the futures rally on.
Shares in Marmite maker Unilever are sharply lower after it made an audacious swoop for GlaxoSmithKline's consumer healthcare arm. The food giant told investors that the Glaxo unit is a “strong strategic fit” as part of it pursuit of sales categories with higher rates of sustainable growth. The developments came as the City also digested the resignation of former Lloyds boss António Horta-Osório as chairman of Credit Suisse.
Analysts say GSK is right to rebuff £50bn offer for consumer healthcare venture. Unilever’s offer represents only a modest premium to its current value, according to some leading analysts
Consumer goods giant Unilever on Monday said it would press on with a bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer after an offer of £50 billion ($68 billion) was refused.
BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending. Competition for offshore wind sites has intensified as governments and investors have woken up to the urgency of cutting carbon emissions, with oil majors making high bids. Crown Estate Scotland, which manages the Scottish seabed, said on Monday that proceeds from the first such leasing deal in around a decade will go to the devolved Scottish government.
Paul Myners, the former City minister enlisted by Gordon Brown to help stabilise Britain’s banking system during the 2008 financial crisis, has died at the age of 73.
"We’re in a brave new world now," said Stefano Gabbana at the unveiling of his brand’s autumn/ winter 22 men’s collection in Milan. "So it felt right to try something new and step out of our comfort zone." The designer, alongside his partner Domenico Dolce, certainly did that, in a form of a leap towards Gen Z and the kind of wardrobes that the Tiktok generation want today.
I think the prospects for these two companies means they’re top shares to buy in 2022. The valuations also look good too. The post 2 cheap shares to buy for 2022 appeared first on The Motley Fool UK.
Edinburgh-based firm joins pilot study into shorter working week run by Oxford and Cambridge academics
Recruiters say: We need more bankers
In his book Reality+ David Chalmers says the material world may lose its allure as VR technology advances
I'm searching for the best low-cost FTSE 100 stocks to buy. Here are two I think could be too cheap for me to miss right now. The post 2 cheap FTSE 100 stocks to buy! appeared first on The Motley Fool UK.
The abrupt move comes less than a year after Horta-Osorio was brought in to clean up the bank's corporate culture marred by its involvement with collapsed investment firm Archegos and insolvent supply chain finance firm Greensill Capital. An independent report https://www.reuters.com/business/finance/credit-suisse-posts-78-q2-net-profit-decline-2021-07-29 into the incident slammed the bank's conduct, saying its losses were the result of a fundamental failure of management and control at its investment bank, and its prime brokerage division in particular.
Lord Myners obituary. Energetic businessman, adviser to Gordon Brown during the 2008 financial crisis and former chair of the Guardian Media Group
The online retailer had intended to introduce the changes from Wednesday, having warned customers that the card company’s fees were too high.
The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is among the forerunners globally in developing a formal licensing framework. But the city-state's authorities have repeatedly warned that trading in digital payment tokens (DPT), or cryptocurrency, is highly risky and not suitable for the general public, as they are subject to sharp speculative swings.
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