Crispin Odey’s hedge fund mulls name change

Crispin Odey’s hedge fund business is considering a rebrand that could see the tycoon’s name drop off some of its funds.  Odey Asset Management, the Mayfair-based company he founded in 1991, has also drawn up emergency plans in case he is unable to continue running investments.  But the 61-year-old told …

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AXA FRAMLINGTON GLOBAL: Fund can grow on 250% returns

Longstanding fund manager Jeremy Gleeson is convinced there are still rich returns to be made from investing in the world’s established technology companies. This is despite the fact that the £1.2billion fund he runs – Axa Framlington Global Technology – has enjoyed a tremendous run of form in recent years, …

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How to profit as green firms embrace The Attenborough Effect

Despite more than 60 years of reporting on our planet and its inhabitants, Sir David Attenborough still has the power to shock. His latest film, A Life On Our Planet – extracts from an accompanying book were recently printed in The Mail on Sunday – provides a terrifying look at …

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Funds that manage £5 TRILLION – and cut fees using robots

The future: Worldwide, more than £5trillion is invested in ETFs Easy, cheap and abundant. That is the lure of Exchange Traded Funds – and investors are increasingly giving in to their appeal. These investment funds, that typically track the performance of specific stock market indices or the value of precious …

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Serco boss blasts back at critics of Test and Trace ‘shambles’

Under fire Serco chief executive Rupert Soames has launched a bitter attack on critics who he says have thrown ‘vitriol’ at his firm. He insists the Government’s Test and Trace system is ‘more world beating than a shambles’. In an irate defence of Serco’s involvement in the programme, launched in …

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No-frills airline Wizz Air plots swoop for 1 in 5 Gatwick flights

Wizz Air is plotting a multi-billion-pound expansion that could see it operating up to one in five flights from Gatwick within five years.  The Hungarian airline agreed a €3billion financing package in August and now hopes to expand its UK business by taking over airport slots from rival airlines after …

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Shop Direct shipping million parcels a week for Christmas

Standing in a giant warehouse on a grey October morning somewhere in the Midlands, it’s impossible to escape the uncomfortable feeling that Christmas won’t be very merry for shops this year. From here, Henry Birch – chief executive of £2billion online retail giant Shop Direct – is already shipping out …

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Santander making more changes to perks on 123

High street bank Santander will make yet more changes to perks on its 123 accounts this week – the latest in a string of savage cuts.  From Tuesday, the bank will alter the rate of cashback it pays on some bills – while doubling the monthly fee on its 123 …

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Relief for investors as property funds set to resume trading

Investors who have had money trapped in two big UK commercial property funds will be able to sell their holdings next month – amid a gloomy outlook for the property sector as the high street continues to shrink and many work remotely.  Aberdeen Standard Investments has said the suspension of …

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Bosses at rail operator FirstGroup return to full salaries

Bosses at rail operator FirstGroup have returned to full salaries after taking a pandemic pay cut despite a collapse in train passenger numbers and the Government’s bailout of the industry. In a move which is bound to anger commuters, executives at FirstGroup – which runs Great Western Railway and Avanti …

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