Author: Lucas

Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.Shares in UK private equity firm 3i slumped on Thursday after the FTSE 100 group revealed slowing growth at discount retailer Action, the investment that has underpinned a transformation in its performance.3i said at its interim results that sales growth at Action had weakened in October, particularly in France, which makes up a third of its total revenue. The group warned that Action’s like-for-like sales growth for the full year could fall below its earlier guidance of 6.1 per cent.3i’s shares, which…

Money expert Martin Lewis is urging anyone who earns less than 4% in their savings accounts to ‘do better’ and switch up to a more lucrative account paying out more interest.The Bank of England this week opted to hold interest rates at 4%, rather than cutting or raising them.In a tight decision, five of the nine-strong committee of rate-setters voted in favour of maintaining the interest rate. It came despite the Bank indicating that inflation has now “peaked” and that unemployment is likely to rise beyond previous expectations.With rates held at 4%, money expert Martin Lewis explained how several products…

Nigeria is abandoning plans to impose a 15% duty on imported refined petroleum products, which is a blow to its new private domestic refinery of billionaire Aliko Dangote. “The implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Thursday in a statement advising against “panic buying of any petroleum product.” There is an adequate supply of petroleum products in Nigeria, the authority added. The 15% import duty was approved a month ago by Nigerian President Bola Tinubu and was planned…

A day celebrating a traditional knitted jumper aims to raise money for charity. Wear a Guernsey day, originally set up by Visit Guernsey but now run by company Guernsey Woolens, is taking place on Thursday.The event started at 10:00 GMT at Market Square and Guernsey Tourist Information Centre, at the Inner Market, and organisers said funds would support Les Bourgs Hospice.Paul Eldridge, from Guernsey Woolens, said: “Really it’s just an excuse to try and get people to sort of don their Guernseys and then donate to a charity.” Source link

TWM Solicitors has appointed Tanuja Sellahewa as partner in the firm’s commercial property team, based in Guildford.  Sellahewa has over 20 years of experience in commercial real estate. She specialises in freehold and leasehold acquisitions and disposals, the grant and renewal of business leases, commercial funding and secured lending for commercial and mixed-use sites, and corporate support work. Her clients include expanding businesses, charities, investors, corporate occupiers, and users of retail, office, and industrial premises.Sellahewa commented: ‘I’m delighted to be joining TWM – a full-service firm with a long-established reputation and a genuine focus on client service. I take pride in building…

Here are three stock with buy ranks and strong growth characteristics for investors to consider today, Nov. 12: Seagate Technology Holdings plc (STX): This data storage devices and solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. Seagate Technology Holdings PLC Price and Consensus Seagate Technology Holdings PLC price-consensus-chart | Seagate Technology Holdings PLC Quote Seagate Technology Holdings plc has a PEG ratio of 1.10 compared with 1.53 for the industry. The company possesses a Growth Score of B. Seagate Technology Holdings PLC…

BitMEX is announcing a new partnership with FKViking, which is said to be a professional-grade arbitrage trading platform built to deliver “fast” as well as automated trading across various markets. Via this new integration, BitMEX users are reportedly able to gain access to “institutional-grade” tools for cross-exchange arbitrage and portfolio management enabled by a system “capable of operating at speeds as low as 3 microseconds, managing hundreds of portfolios and thousands of trades per day across more than 10 connected exchanges.” To mark the latest partnership, digital assets platform BitMEX users can apply for VIP 4 (0.0180% Maker and 0.0350%…

On November 12, 2025, Roubaix Capital, LLC disclosed in its quarterly filing that it sold out its entire position in Chart Industries, reducing exposure by an estimated $6.9 million.What happenedAccording to an SEC filing dated November 12, 2025, Roubaix Capital, LLC completely exited its holding in Chart Industries (GTLS 0.03%) during the third quarter. The fund sold its entire 42,136-share position, reducing its reported U.S. equity portfolio by an estimated $6.9 million, based on quarterly average prices. This marks a full liquidation of the holding.What else to knowRoubaix Capital, LLC sold out its stake in Chart Industries; the position now…

United Utilities Group posted a surge in interim earnings on Thursday, boosted by higher bills, leaving the water company on course to meet its full-year financial forecasts.The blue chip, which supplies around 7m people in the north west with water and sewage services, saw revenues rise 21% in the six months to 30 September to £1.31bn. Around £243m of the hike was attributable to regulatory adjustments, which govern what water companies can charge customers for their services. Operating profits, meanwhile, surged 68.4% to £561.5m, helped by higher revenues and broadly flat costs. Louise Beardmore, chief executive, said United Utilities had…

The Pension Fund Regulatory and Development Authority (PFRDA) has issued fresh guidelines revising how corporate employers and employees under the National Pension System (NPS) can select pension funds and investment options. The circular, dated November 7, 2025 (Circular No. PFRDA/2025/20/PDES/03), partially modifies the regulator’s earlier notification from September 12, 2025. These new rules aim to bring transparency, reduce employer apprehensions, and strengthen decision-making frameworks around NPS investments in the corporate sector. Corporate NPS model Under the corporate model of NPS, employers can offer retirement savings benefits to their workforce through two contribution structures: Joint contribution – where both employer and…