Prudential’s interim results missed market estimates after a valuation loss in its investment portfolio drove the UK insurer to an unexpected plunge on its bottom line. Net profit fell 87 per cent from last year to US$120 million in the first six months of 2024 after deducting a short-term investment loss of US$1.08 billion, in
Balderton Capital, one of Europe’s leading technology venture capital firms, announced its €563 million Early Stage Fund IX and €627 million Growth Fund II, to back Europe’s most ambitious entrepreneurs from seed stage through IPO. “At Balderton, we believe the best way to change the world is to build a business – and that many
LONDON — Selfridges could finally be getting a boost after its minority shareholder Rene Benko’s troubled Signa property filed for insolvency following the collapse of the holding company in November 2023. Saudi Arabia’s Public Investment Fund, which already has a 10 percent stake in the Selfridges properties, is offering a cash price of 1 million British pounds for
They are also optimistic about the medium-term earnings growth prospects for Indian companies, as well as the country’s long-term growth outlook, he told This Week in Asia. “There are pockets of irrational exuberance in parts of the mid-cap and small-cap [stock] space but that is largely due to irrational expectations on the part of non-institutional
There’s no two ways about it. For American investors, the U.K. stock market hasn’t exactly been the place to be, with underperforming indices and a troubling dearth of new listings in the last few years. There are reasons for that, from lower liquidity to the country’s relative inability to scale tech companies. But it’s possible
Dimension, the virtual production studio behind the blockbuster film and entertainment productions including Masters of the Air (Apple), Whitney Houston biopic I Wanna Dance With Somebody (Sony Pictures), and the forthcoming Those About to Die (Peacock) and Here (Sony Pictures), today announces a major investment from US based private equity firm Growth Catalyst Partners (GCP).
More Chinese investment is on the way, he said. “China is on the radar”. 02:09 China-owned shipping giant gets toehold in German port with controversial deal China-owned shipping giant gets toehold in German port with controversial deal Other headline projects include railways, airports and power plants, with firms in France, the Netherlands and the UK