Category : Search result: hedge fund profits


UK cuts £150m from AIDS, TB and malaria fund

Britain reduces Global Fund contribution by 15%, risking hundreds of thousands of preventable deaths. Charities warn this undermines decades of progress in disease elimination.

M&S profits plunge 90% after cyber attack

Retail giant Marks & Spencer reveals devastating financial impact of cyber attack as annual profits nearly wiped out, dropping from £32.4 million to just £2.5 million.

Goldman Sachs Star Trader Joins Balyasny in Shock Move

In a major coup for the hedge fund industry, former Goldman Sachs trading star Wajih Ahmed joins Balyasny Asset Management to lead European equity efforts, marking one of the most significant moves in London's financial sector this year.

Ex-TCI Partner's Hedge Fund Soars with 30% Returns

Edgar Allen's new hedge fund, launched after his departure from TCI, has delivered impressive 30% returns in its first year, significantly outperforming industry benchmarks and attracting substantial investor interest.

Norway fund rejects Musk's £44bn Tesla pay deal

In a stunning shareholder revolt, Norway's massive sovereign wealth fund has voted against Elon Musk's controversial compensation package at Tesla's annual meeting, dealing a major setback to the billionaire CEO.

BP profits plunge 70% as oil prices retreat

BP reports staggering 70% profit drop as oil prices retreat from Ukraine war peaks. Discover how the energy titan is navigating market turbulence while maintaining shareholder payouts.

Salesforce UK profits surge 82% despite job cuts

Tech giant Salesforce sees UK profits surge by 82% to £52.6 million while implementing significant workforce reductions and strategic restructuring across its British operations.

Ryanair profits jump 42% on higher air fares

Europe's largest budget airline reports staggering profit surge driven by higher ticket prices and strong summer demand, with passenger numbers hitting new heights.

Dimensional's European ETF Expansion Challenge

Dimensional Fund Advisors brings its systematic active ETF approach to Europe, challenging traditional fund managers with its evidence-based investment philosophy. Will their US success translate across the Atlantic?

AI Bubble Fears Overshadow Tech Titans' Earnings

As Microsoft, Alphabet and Meta report impressive quarterly results, growing investor anxiety about an artificial intelligence bubble threatens to dampen the celebration. Discover why Wall Street is getting nervous about the AI gold rush.

Alphabet Smashes Records With £89.5 Billion Quarter

Google's parent company Alphabet reports another blockbuster quarter, with revenue soaring to £89.5 billion driven by AI breakthroughs and cloud computing dominance. Discover how the tech giant continues to defy market expectations.

European banks miss out as Wall Street deal boom returns

As US investment banks celebrate resurgent 'animal spirits' and soaring profits from revived M&A and IPOs, their European counterparts watch from the sidelines, missing out on the lucrative post-pandemic deal frenzy.

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