Reuters UK Business

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

3 Aug 2024

By Nell Mackenzie LONDON (Reuters) – (This Aug. 2 story has been corrected to read ‘wanes for,’ not ‘hit by,’ in the headline and to clarify that the 15% refers to those willing to increase their exposure to multi-manager strategies in paragraph 2) Global investor appetite for the most expensive multi-strategy hedge funds has fallen, …

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs Read More »

Hungary’s competition watchdog fines Wizz Air for misleading communication

3 Aug 2024

BUDAPEST (Reuters) – Hungary’s competition watchdog has imposed a fine of 770,000 euros ($839,916) on Wizz Air for misleading communication, the authority said on its website on Saturday. Hungary’s competition authority said Wizz Air breached professional due diligence and was misleading in how it described its automatic check-in service and pushed consumers towards more expensive …

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Britain to tap $1 billion of ‘dormant’ cash for social and green projects

3 Aug 2024

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Friday it has widened the range of “dormant” assets, or money in financial firms’ accounts to tap a potentially extra 880 million pounds ($1.12 billion) to fund social and environmental projects in a cash-strapped economy. The dormant cash refers to money in bank and …

Britain to tap $1 billion of ‘dormant’ cash for social and green projects Read More »

BoE rate cut adds to sense of turnaround in sluggish UK economy

3 Aug 2024

By William Schomberg LONDON (Reuters) – The Bank of England’s first interest rate cut in more than four years will help to foster a cautious sense of optimism about Britain’s long-struggling economy, but the scale of the growth challenge facing the new government remains huge. The BoE lowered its benchmark rate to 5.0% on Thursday, …

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Slovakia, Hungary rebuff EU call to replace lost Russian oil via Croatia

3 Aug 2024

BUDAPEST (Reuters) -Slovakia and Hungary on Friday rebuffed a European Commission suggestion that they could replace lost Russian oil supplies via an alternative route through Croatia, saying it would be too costly. Supplies from Russia’s biggest oil exporter Lukoil through Ukraine were halted in July following a ban by Ukrainian authorities on Lukoil using the …

Slovakia, Hungary rebuff EU call to replace lost Russian oil via Croatia Read More »

UK authorities shut down scammer platform behind global fraud

2 Aug 2024

By Sachin Ravikumar LONDON (Reuters) – British authorities have shut down an online platform which allowed criminals to make fraudulent phone calls to steal money from hundreds of thousands of people globally, the National Crime Agency (NCA) said. The platform, named ‘Russian Coms’ but with no known link to the Russian state, was a crime-as-a-service …

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Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage

2 Aug 2024

(Reuters) -Google-parent Alphabet’s independent growth fund CapitalG cut its stake in cybersecurity company CrowdStrike , according to a regulatory filing on Friday, much before a global outage last month triggered by a software update. The fund cut its stake to 427,895 class A shares from 855,789 shares. The change in holdings is as of June …

Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage Read More »

Amazon says consumers cautious, forecasts revenue below Wall Street targets

2 Aug 2024

By Greg Bensinger and Deborah Mary Sophia (Reuters) – Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%. The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained over …

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IAG’s shares climb after Air Europa deal ditched, analysts see TAP as next target

2 Aug 2024

By Joanna Plucinska, Prerna Bedi and Corina Pons (Reuters) -British Airways owner IAG’s shares rose more than 7% on Friday, after the company’s strong second-quarter performance and its move to scrap a proposed takeover of Spanish airline Air Europa. IAG’s results outshone rivals which have had a more challenging second quarter marred by rising costs …

IAG’s shares climb after Air Europa deal ditched, analysts see TAP as next target Read More »

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