Manufacturers slash investment as bailout scheme ‘gathers dust’



Photograph: David Davies/PA


© Provided by The Guardian
Photograph: David Davies/PA

The government has been accused of failing to rescue struggling industrial companies through its “Project Birch” bailout scheme amid signs that manufacturers are slashing investment in a fight for survival.

Against a backdrop of mounting job losses, Labour said the Treasury support scheme was gathering dust after only one company qualified for emergency bailout funding.

Industry sources said about 10 companies wanted to use the scheme, which involves the government taking equity stakes in firms in exchange for emergency finance, but had found the process difficult and that talks had fizzled out.

Celsa Steel, a Cardiff-based steel company, became the first to secure support through Project Birch in July. However, talks that may have led to taxpayers owning stakes in Jaguar Land Rover and Tata Steel ended a month later, the Financial Times reported.

JLR had raised £560m from five Chinese banks

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Point72 Hong Kong Ltd Makes New Investment in M&T Bank Co. (NYSE:MTB)

Point72 Hong Kong Ltd acquired a new position in M&T Bank Co. (NYSE:MTB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,686 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other large investors have also added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new position in M&T Bank in the second quarter worth $396,000. Holocene Advisors LP purchased a new position in M&T Bank in the second quarter worth $31,687,000. Atom Investors LP purchased a new position in M&T Bank in the second quarter worth $221,000. HBK Sorce Advisory LLC raised its position in M&T Bank by 8.4% in the second quarter. HBK Sorce Advisory LLC now owns 18,705 shares of the financial services provider’s stock worth $1,945,000 after acquiring an

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Cowen to acquire investment banking arm of MHT Partners

Broker-dealer Cowen has confirmed it will acquire the investment banking arm of Dallas-based MHT Partners, as it looks to deepen coverage of middle-markets and private equity investors.

Cowen has signed a definitive agreement for the acquisition, which is subject to Financial Industry Regulatory Authority (FINRA) approval and expected to close in the fourth quarter this year. The terms of the acquisition were not disclosed.

The MHT Partners investment banking team, based primarily in Dallas and San Francisco, is expected to join Cowen under the agreement.

“We’re thrilled to join Cowen’s full-service platform and leverage its global reach, world-class research, and comprehensive product set to continue growing our advisory work and deliver significantly more value and resources for our clients and team members,” said Mike McGill, MHT managing director, and co-founder.

“With its entrepreneurial spirit, Cowen will be a great new home to build on this success and deliver exceptional value

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If You Had Bought Platinum Investment Management’s (ASX:PTM) Shares Five Years Ago You Would Be Down 51%

In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Platinum Investment Management Limited (ASX:PTM), since the last five years saw the share price fall 51%. Shareholders have had an even rougher run lately, with the share price down 15% in the last 90 days. This could be related to the recent financial results – you can catch up on the most recent data by reading our company report.

View our latest analysis for Platinum Investment Management

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for

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Zacks Investment Research Upgrades WNS (NYSE:WNS) to “Buy”

Zacks Investment Research upgraded shares of WNS (NYSE:WNS) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. Zacks Investment Research currently has $73.00 price objective on the business services provider’s stock.

According to Zacks, “WNS HOLDINGS is a recognized leader in business process outsourcing.Their proposition is simple: They deliver value to their clients by bringing operational excellence and deep industry and functional knowledge to their critical business processes. They serve several industries, including travel, insurance, financial services, healthcare, professional services, manufacturing, distribution and retail. They also provide essential corporate functions, such as finance and accounting, human resources research and analytics. “

Several other brokerages have also weighed in on WNS. Deutsche Bank raised their price objective on shares of WNS from $56.00 to $70.00 and gave the company a buy rating in a research report on Friday, July 17th. Barrington Research raised their

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Apartment Investment and Management (NYSE:AIV) Downgraded by Citigroup to Sell

Citigroup lowered shares of Apartment Investment and Management (NYSE:AIV) from a neutral rating to a sell rating in a report released on Friday, Benzinga reports. They currently have $33.00 price target on the real estate investment trust’s stock, down from their prior price target of $40.00.

Several other research analysts have also commented on AIV. Goldman Sachs Group lowered shares of Apartment Investment and Management from a buy rating to a neutral rating and reduced their price objective for the stock from $48.00 to $41.00 in a research note on Wednesday, September 9th. Bank of America upgraded Apartment Investment and Management from an underperform rating to a neutral rating in a report on Monday, September 14th. BofA Securities raised shares of Apartment Investment and Management from an underperform rating to a neutral rating in a research report on Monday, September 14th. Zelman & Associates downgraded shares of Apartment Investment and

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British Business Bank makes multi-million pound investment in Shawbrook Bank

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The bank has made a £30m investment through its commercial subsidiary British Business Investments.

Image source: Judith Hartley/British Business Bank Investments.

British Business Investments, the commercial subsidiary of the British Business Bank, has made a £30m investment in Shawbrook Bank.

It has invested in Shawbrook’s regulatory capital, which Shawbrook holds and which enables it to lend more.

The bank has acquired tier two notes, which will be repaid to British Business Investments over time. The tier two notes have been issued as Shawbrook looks to raise £75m.

It follows a previous £30m investment in Shawbrook Bank from British Business Investments.

Judith Hartley, CEO, British Business Bank Investments, said: “Our second investment in Shawbrook Bank will continue to help support its growth trajectory, to the benefit of smaller businesses across the UK.”

“This investment also demonstrates British Business Investments continued commitment to increase the diversity of supply of business

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Bank of New York Mellon Corp Increases Position in Two Harbors Investment Corp (NYSE:TWO)

Bank of New York Mellon Corp raised its position in Two Harbors Investment Corp (NYSE:TWO) by 29.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,395,798 shares of the real estate investment trust’s stock after purchasing an additional 318,269 shares during the period. Bank of New York Mellon Corp’s holdings in Two Harbors Investment were worth $7,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TWO. FMR LLC boosted its holdings in shares of Two Harbors Investment by 41.7% in the 1st quarter. FMR LLC now owns 522,941 shares of the real estate investment trust’s stock valued at $7,076,000 after buying an additional 153,900 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares

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Veterinary Pain Management Market Size Analysis by SWOT, Investment, Future Growth and Major Key Players 2020 to 2025

The MarketWatch News Department was not involved in the creation of this content.

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Medical Polymers Market Future Developments, New Business Opportunities And Investment Research Report By 2020 | Million Insights – Press Release

“Million Insights – World’s Fastest Growing Market Research Database”

According to new report available with Million Insights, the medical polymers industry is estimated to grow at a 8.4% CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Global Medical Polymers Market is expected to reach USD 17.05 billion by 2020. Medical grade polymer materials are an important share of the contemporary healthcare system. These materials fulfill with world wide controlling necessities and are precisely manufactured and engineered for medical use. Their obtainability is sure for a lengthier period than normal grades. This allows device designers to surely design and stipulates profitable products for users universally. The medical polymers market is estimated to grow at a significant CAGR of 8.4% over the future period as the scope and its applications are rising enormously across the globe.

High demand for high strength and lightweight

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