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Following the standard T+1 settlement cycles in Indian stock markets, today marks the final trading day for investors to purchase Shriram Finance shares to be eligible for the stock split.

bankruptcy resolutions, have been dwindling almost steadily since scaling a peak in 2017-18, presenting a new challenge for authorities amid bid to cut delays in the rescue of stressed firms.

According to data from MarketWatch, the UK 30-Year gilt – an indicator for long-term borrowing costs – is up 21.2% since the beginning of the year, standing at 5.34% at the time of reporting. Yesterday (7 January), the yield hit 5.212%, surpassing the levels seen in the fallout of Liz Truss' Mini Budget back in 2023 and set a new record for the millennium.  The 10-Year gilt is 20.9% higher since 1 January 2025, reaching 4.78% this morning. Higher yields prompt investors to pour into fixed income funds as UK equities break outflow spell Richard Carter, head of fixed interest at Q...

Although this was less than the near £12bn pulled from the sector in 2023, it was the «worst relative performance seen by the unloved UK-equity sector», Calastone found as other sectors took in mammoth sums. Meanwhile, net inflows into equity funds globally surged to an all-time high in 2024, hitting £27.2bn and significantly overtaking the previous record of £19.8bn in 2021. Higher yields prompt investors to pour into fixed income funds as UK equities break outflow spell Passive mandates received the highest volume of net positive investments, with investors committing £29.6bn in ...

Subscribe to enjoy similar stories. Cocoa was the best-performing commodity in 2024, outpacing even bitcoin, but that hasn’t stopped farmers from abandoning the crop. Farmers in the top cocoa-producing region of the world are reseeding their lands because of a mixture of bad weather, failed government policies—many of which were aimed at helping farmers—and a fast-moving virus that has ravaged their plants.

According to Joseph Hill, senior investment analyst at HL, Ure is an «experienced investor» who has contributed significantly «as manager of this fund, but also as head of responsible investment until the end of 2022». Former Sky Betting CEO Richard Flint lined up for Hargreaves Lansdown chair role «In this role in particular, he was important in establishing the ESG policies and processes now in place,» Hill noted. In addition, he added that Blake Hutchins, who has been appointed manager of the fund, «does not have his own track record in managing an ethical fund». Hutchin...

crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity markets and sustained outflow of foreign funds also played spoilsport even as investors stayed cautious over lower economic growth projection by the government, forex analysts said. At the interbank foreign exchange, the rupee opened at 85.82 and touched the lowest-ever level of 85.89 against the greenback during intra-day. The unit settled at 85.87 (provisional) against the dollar, 13 paise lower than its previous close.

Kalyan Jewellers slid 6.2% in early trade on Wednesday, January 8, to a low of Rs 677.55 on the BSE amid profit booking, which was witnessed a day after the company reported a revenue growth of nearly 41% YoY in its Q3 update. Additionally, the company recorded healthy same-store-sales-growth of approximately 24% in the quarter in discussion.

According to data from the Association of Investment Companies, Tritax Big Box REIT's merger with UK Commercial Property REIT was the largest to take place in 2024, leading to a newly created entity with total assets of £6.1bn. This was followed by the merger between Alliance trust and Witan investment trust, which completed in October, reaching a total of £5.7bn in assets. The resulting vehicle, Alliance Witan, joined the FTSE 100 index on 23 December. Meanwhile, the AIC reported seven liquidations, while 32 trusts saw their fees changed to benefit shareholders, as trust boards wo...

According to data from AJ Bell and the London Stock Exchange, only six companies on AIM reached the £1bn valuation threshold in 2024, down from 11 recorded a year prior and 30 in 2021. Dan Coatsworth, investment analyst at AJ Bell, argued that from the 30 companies and «excluding those still worth more than £1bn, seven have disappeared through takeovers, three have moved to the main market, and the rest have fallen below the £1bn level due to bad news or other negative factors». «The last time AIM ended a calendar year with less than six stocks worth in excess of £1bn was 2015,» he no...

Subscribe to enjoy similar stories. MUMBAI : Before joining the mutual fund industry in 1991, Prashant Jain took a civil service exam. He answered one question.

The three-month average growth rate was offset by contraction in the non-food sector, with in-store non-food sales falling by an average of 2.4% in the last three months of last year, otherwise known as the ‘golden quarter'. In addition, overall non-food sales experienced an average decline of 1.1% between October and December while food sales grew by an average of 2.1% in the same period, yet still below the 12-month average of 3.3%. UK retail sales fall 3.3% in November in 'bad start to festive season' «Following a challenging year marked by weak consumer confidence and diff...

Subscribe to enjoy similar stories. As 2024 came to an end, a number of alarming articles have been published in various global and national media on 2024 being the hottest year on record, the disastrous impact of extreme events due to climate change, the need to enhance climate action in the face of contentious climate negotiations in Azerbaijan and an American election that does not bode well for the climate agenda, among others.

Jagsonpal Pharmaceuticals had announced a stock split in the ratio of 1:2.5 and fixed January 8 as the record date for determining the shareholder eligibility, which makes today the last day to buy the stock to qualify for the split offer. “Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors of the Company has passed the necessary resolution through Circular Resolution, on Tuesday, December 17, 2024 and has fixed the record date on Wednesday, January 8, 2025 for the purpose of Sub-division/Split of equity shares of the Company such that 1 (one) equity share having face value of Rs. 5/- (Rupees five only) each, fully paid-up, be sub-divided into such number of equity shares having face value of Rs. 2 (Rupee two only) each,” the company had said in a previous exchange filing.

Canada’s in a recession and has been for quite some time, says economist Lars Osberg.

At a general meeting held today (6 January), an overwhelming majority of votes (94.2%) were cast in favour of the voluntary liquidation of the trust. As a result, FRP Advisory Trading's Gareth Rutt Morris and Jonathan Dunn have been appointed joint liquidators of the trust. This morning, as part of the winding down process, Dunedin Enterprise was suspended from trading on the London Stock Exchange. London Stock Exchange suffers lowest IPO volume on record in 2024 However, as shareholders voted for voluntary liquidation, the trust will not seek to cancel its listing on the LSE on...

According to EY's report, there were just 18 IPOs on the main market and AIM last year, with eight of these coming in the final quarter of 2024. However, despite the low volumes of listings, the value of the IPOs significantly trumped the proceeds raised in 2023, with a 256% rise year-on-year from £953.7m to £3.4bn.  IPO activity predicted to return in 2025 as dealmakers turn increasingly bullish Most of this figure was raised by the IPO of French film producer and TV streaming service Canal +, which contributed £2.6bn to the £3.4bn total, marking the largest debut on the LSE since...