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...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...The firm also invested in UK-based motorsport team Aston Martin F1 at a £1bn valuation late last year, and has an indirect shareholding in Liverpool FC and a small stake in Italian side Atalanta....
...But here’s the catch: Interest rates have climbed quite a lot in the past couple of years, and it’s not just one company that’s feeling stress in the leveraged loan market....
...Investor trust will continue to be tested....
...The acquisition of Sticks’n’Sushi marks the end of a 10-year ownership by Danish asset manager Maj Invest, which oversaw the growth of the company from a family business to an international brand....
...Explaining the verdict, the presiding judge Annette Zander said that the defendant and the late banker had been a “good team” which functioned based on mutual trust and required little need for co-ordination...
...The average trust was trading at a discount to NAV of almost 17 per cent in October....
...These positions include a £70mn stake in Baillie Gifford’s US Growth Trust, an $88mn stake in JPMorgan’s European Discovery Trust and a £62mn stake in the BlackRock Smaller Companies Trust, according to...
...trusts, versus obtaining equivalent exposure within a unit trust or an exchange traded fund....
...investors’ appetite for the high-growth companies the trust made its name backing....
...Companies....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...Tom Slater, the trust’s manager, said: “In a volatile period for growth investment, we own a portfolio of established companies achieving rapid expansion . . ....
...“Improved outreach programmes are needed to better inform people of the key signs to look out for and what to do next,” said Professor James N’Dow, a commission member and founder of Horizons Trust & Horizons...
...The Nuffield Trust report said Brexit had “exacerbated” the “underlying fragilities at a global and UK level” in drug supply chains....
...SELL: N Brown (BWNG) The online retailer is losing customers in what appears to be a continuing trend, writes Christopher Akers....
...What gives particular urgency to Kym Staton’s documentary The Trust Fall: Julian Assange is that its subject is currently seeking permission to appeal against extradition to the US, having spent almost five...
...Haiti is also asking itself whether it should trust the international community....
...Next week, Barclays boss CS Venkatakrishnan — known as Venkat — must offer a plausible fix for this at the bank’s first strategy overhaul in almost a decade....
...“There’s trust deficit, there’s polarisation and already there is a widely held view that the process is flawed and there’s no transparency,” said Huma Baqai, a Karachi-based political commentator....
...Across Japan, companies are having to rethink their entire business models due to a shortage of workers....
...The ONS figures chime with data reported at the end of last year by the market research company Ipsos, which found trust in politicians had reached its lowest score in 40 years in 2023....
...As one business leader said to me acidly at last year’s Labour party conference: “I don’t want a b***dy ‘partnership’ with government, I want to get on with running my company.”...
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
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