Ashmore and other emerging market fund managers face further hits to earnings and worsening outflows, as investors retreat over concerns about higher interest rates, the war in Ukraine and exposure to China. This year will be tougher for most investment managers across Europe as markets become more uncertain, say analysts at Bank of America. The
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Abu Dhabi’s International Holding Company (IHC), a conglomerate spanning fisheries to healthcare, is investing $2bn in companies belonging to Gautam Adani’s infrastructure empire, as India pursues ambitious green energy targets. IHC’s investment comes less than eight weeks after India and the UAE signed a trade deal and as Adani seeks to fund his sprawling ports-to-power
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The FT this week ran a brace of big reads on the sanctions slapped on Russia, how they happened and what the longer-term impact will be. It’s an important subject, and both pieces are worth reading at leisure. (Editor: that means after you’ve finished with this one.) However, FT Alphaville had some follow-up thoughts on
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Julie Otsuka’s third novel The Swimmers is a slender but poignant portrait of a mind losing its grip. In an unnamed American city, a “little old lady” is drifting away from her family through the slow tragedy of cognitive decline — a passing into chaos foreshadowed by trivial domestic errors: “The jar of Pond’s Cold
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When we started renting our converted 16th-century dovecote in 2019, I knew little of the ancient practice of dove rearing and how it has shaped pockets of the UK landscape over the past millennium. Although a small house, our cottage would have been a substantial dovecote. It is a perfect cube, with metre-thick walls made
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Bailey’s Parade: Photographs by David Bailey A compilation of three key bodies of work, Bailey’s Parade covers the illustrious photographer’s 60-year career in 30 pieces. It will include some of his most acclaimed images from the 1960s, including “pin-up” portraits of Mick Jagger, Jean Shrimpton and Andy Warhol, as well as a series of colour
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TalkTalk has asked investment bank Lazard to review its options after several groups, including Vodafone, approached the UK broadband company about potential deals, according to people briefed on the matter. British telecoms executives have long called for greater consolidation in the domestic broadband market, claiming that the array of companies supplying mobile and internet contracts
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Maison François, London Until 17 April, fans of François O’Neill’s French-style St James’s brasserie can celebrate spring with a playful “Cochon de Pâques” – a limited-edition Easter egg in the shape of a pig (£30). Head pastry chef Jérémy Prakhin has hand-crafted the creature – which is filled with hazelnut gianduja – from chocolate supplied
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If the tech movement known as Web3 represents the internet’s next big gold mine, then why aren’t we hearing more about the truly useful applications that will be built on this new platform? And why aren’t more developers flocking to it to make their fortune? Those questions hang uncomfortably over Web3 as the boom in
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UK investors poured more than £1bn into venture capital trusts in the tax year just ended, in a record fundraising season for the early-stage businesses investment vehicles. Figures published by the Association of Investment Companies (AIC) show that a record £1.13bn was invested in venture capital trusts in 2021-22, a 65 per cent increase compared
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