Latest news with #FTSE250
Times
3 hours ago
- Business
- Times
Gem Diamonds cuts jobs and pay to ride out rough times
Rough times in the diamond market have forced Gem Diamonds to unveil a swathe of cost-cutting measures. The owner of the famed Letseng mine in Lesotho said it planned to cut 250 jobs or a fifth of its workforce, temporarily cut the salaries of its directors, executives and management, and sharply curtail its waste mining activities. 'Considering the prolonged weakness in global diamond prices, compounded by a weak US dollar and ongoing US tariff uncertainties, Gem Diamonds has implemented decisive measures to conserve cash and protect shareholder value,' it said. The shares fell by 13 per cent to 5¼p after it outlined what it described as 'necessary operational changes and cost management measures' in response to 'continued challenging market conditions'. The one-time FTSE 250 company is now worth just £7 million.
Mint
a day ago
- Business
- Mint
UK equities mixed as investors assess corporate earnings, await key data
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) FTSE 100 unchanged, FTSE 250 down 0.4% UK approves Sizewell C nuclear plant Compass raises profit forecast, buys Vermaat in $1.8 bln deal July 22 (Reuters) - London's main stock indexes were mixed on Tuesday as investors parsed a spate of corporate earnings, and awaited the release of key economic data this week. The benchmark FTSE 100 was flat by 0944 GMT, after registering a record closing high on Monday. The domestically oriented midcap FTSE 250 lost 0.4%. Industrial miners rose 1.1%, tracking a rise in copper prices, buoyed by hopes for firmer Chinese demand. Glencore gained 2.2%, while Rio Tinto rose 1.1%. Homebuilders and household goods stocks led sectoral losses, falling 1.6%. Vistry down 2.7%. Data showed Britain borrowed more than expected in June as a jump in inflation pushed up the government's debt costs. In company news, British food catering firm Compass Group rose 6.1% to the top of the blue-chip index, after it agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion), including debt and also raised its annual profit forecast. Energy firm Centrica surged 3.9% after Britain approved the 38 billion pound ($51 billion) Sizewell C nuclear plant in eastern England. The company holds a 15% stake in the project. Greencore jumped 10.5%, to top the FTSE mid-cap index, after the convenience food manufacturer raised its annual profit expectations. Kier Group fell 5.1%, to the bottom of the mid-cap index, after the British infrastructure and construction group said that its CEO Andrew Davies would be stepping down, and named insider Stuart Togwell as his successor, effective November 1, 2025. Meanwhile, AstraZeneca on Monday said it plans to invest $50 billion in the U.S. to expand manufacturing and research capabilities as it reacts to White House trade policy. On the radar this week are UK flash Purchasing Managers' Index for July and June retail sales data. (Reporting by Sukriti Gupta; Editing by Shinjini Ganguli)
Yahoo
2 days ago
- Business
- Yahoo
NBPE - Net Asset Value(s)
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces June Monthly NAV Estimate St, Peter Port, Guernsey, 22 July 2025 NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 June 2025 monthly NAV estimate. NAV Highlights (30 June 2025) NAV per share was $27.42 (£20.01), a total return of 0.5% in the month Total realisations of $68 million and $8 million of follow-on investments in the first half of 2025 $284 million of available liquidity at 30 June 2025 ~51k shares repurchased (~$1 million) during June 2025 at a weighted average discount of 30% which was accretive to NAV by ~$0.01 per share. Year-to-date, NBPE has repurchased ~759k shares (~$15 million) at a weighted average discount of 29% which was accretive to NAV by ~$0.11 per share As of 30 June 2025 Year to Date One Year 3 years 5 years 10 years NAV TR (USD)*Annualised 1.3% 3.6% 5.8%1.9% 76.1%12.0% 158.3%10.0% MSCI World TR (USD)*Annualised 9.3% 16.8% 68.0%18.9% 101.9%15.1% 189.9%11.2% Share price TR (GBP)*Annualised (7.6%) (6.9%) 10.4%3.3% 91.6%13.9% 185.1%11.0% FTSE All-Share TR (GBP)*Annualised 9.1% 11.2% 35.5%10.7% 67.3%10.8% 92.7%6.8% * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns. Portfolio Update to 30 June 2025 NAV performance during the month driven by: 0.7% NAV increase ($9 million) from changes in FX rates 0.1% NAV increase ($1 million) attributable to changes in prices of quoted holdings (which now constitute 6% of portfolio fair value) Immaterial impact on NAV from additional private valuation information received during the month 0.2% NAV decrease ($3 million) attributable to expense accruals $68 million of realisations in the first half of 2025 Of the $68 million received during the first half, over three-quarters of the proceeds are from full and partial sales / exits of private holdings; remaining realisations consisted of proceeds from the sales of quoted holdings and other partial realisations $284 million of total liquidity at 30 June 2025 $74 million of cash and liquid investments with $210 million of undrawn credit line available 2025 Share Buybacks ~51k shares repurchased in June 2025 at a weighted average discount of 30%; buybacks were accretive to NAV by ~$0.01 per share Year-to-date, NBPE has repurchased ~759k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.11 per share Portfolio Valuation The fair value of NBPE's portfolio as of 30 June 2025 was based on the following information: 6% of the portfolio was valued as of 30 June 2025 6% in public securities 94% of the portfolio was valued as of 31 March 2025 94% in private direct investments For further information, please contact: NBPE Investor Relations +44 (0) 20 3214 9002Luke Mason NBPrivateMarketsIR@ Kaso Legg Communications +44 (0)20 3882 6644 Charles Gorman nbpe@ DampierCharlotte Francis Supplementary Information (as at 30 June 2025) Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV Action 2020 3i Consumer 86.6 6.9% Osaic 2019 Reverence Capital Financial Services 63.4 5.0% Solenis 2021 Platinum Equity Industrials 59.8 4.7% BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8% Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5% Business Services Company* 2017 Not Disclosed Business Services 40.2 3.2% Branded Cities Network 2017 Shamrock Capital Communications / Media 37.3 3.0% True Potential 2022 Cinven Financial Services 35.6 2.8% Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7% FDH Aero 2024 Audax Group Industrials 32.9 2.6% Marquee Brands 2014 Neuberger Berman Consumer 31.6 2.5% GFL (NYSE: GFL) 2018 BC Partners Business Services 30.5 2.4% Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3% Fortna 2017 THL Industrials 28.7 2.3% Staples 2017 Sycamore Partners Business Services 27.7 2.2% Viant 2018 JLL Partners Healthcare 27.3 2.2% Engineering 2020 NB Renaissance / Bain Capital Technology / IT 27.2 2.2% Stubhub 2020 Neuberger Berman Consumer 26.4 2.1% Agiliti 2019 THL Healthcare 25.3 2.0% Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0% Benecon 2024 TA Associates Healthcare 24.7 2.0% Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9% Excelitas 2022 AEA Investors Industrials 24.1 1.9% Exact 2019 KKR Technology / IT 24.0 1.9% Constellation Automotive 2019 TDR Capital Business Services 21.4 1.7% CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7% Tendam 2017 PAI Consumer 20.0 1.6% Addison Group 2021 Trilantic Capital Partners Business Services 19.9 1.6% Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6% Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5% Total Top 30 Investments $979.2 77.5% *Undisclosed company due to confidentiality provisions. Geography % of Portfolio North America 76% Europe 23% Asia / Rest of World 1% Total Portfolio 100% Industry % of Portfolio Tech, Media & Telecom 23% Consumer / E-commerce 22% Industrials / Industrial Technology 17% Financial Services 14% Business Services 11% Healthcare 8% Other 3% Energy 1% Total Portfolio 100% Vintage Year % of Portfolio 2016 & Earlier 10% 2017 16% 2018 13% 2019 13% 2020 14% 2021 18% 2022 6% 2023 2% 2024 8% Total Portfolio 100% About NB Private Equity Partners LimitedNBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the 'Investment Manager'), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend. LEI number: 213800UJH93NH8IOFQ77 About Neuberger BermanNeuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit for more information, including for information on awards. Data as of June 30, 2025, unless stated press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE's investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains "forward-looking statements." Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements. 1 Based on net asset value. Attachment June 2025 NBPE Factsheet vFError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sky News AU
2 days ago
- Business
- Sky News AU
ASX 200 up 0.2 per cent in first 30 minutes of trading after suffering more than $35b wipeout on Monday
The ASX 200 is up once again after suffering one of its worst days in months, during which billions of dollars were wiped from investors' portfolios. Australian stocks were up 0.2 per cent in the first 30 minutes of trading on Tuesday, with Insignia Financial leading the surge off the back of a 13.5 per cent jump. The superannuation and financial advisor's rise comes after it received a $3.2b takeover bid from US private equity firm CC Capital. Genesis Minerals is up 5.4 per cent while mining technology company Imdex has jumped 5.2 per cent and West African Resources has risen five per cent. It follows the index diving on Monday, with the bourse sinking about 1.1 per cent and investors losing more than $35b. The major indexes in Wall Street were generally in positive territory with the Nasdaq rising 0.4 per cent, the S&P 500 adding 0.1 per cent and the Dow Jones finishing flat on Monday. London's FTSE 250 rose 0.5 per cent, Germany's DAX jumped 0.1 per cent and the STOXX Europe 600 shed 0.1 per cent. New Zealand's NZX 50 Index is down about 0.4 per cent on Tuesday after the ANZ-Roy Morgan Consumer Confidence index showed households were less optimistic about the state of the economy. Meanwhile, Japan's Nikkei 225 is up 1.1 per cent and South Korea's KOSPI 200 is flat since trading began on Tuesday.
Business Recorder
3 days ago
- Business
- Business Recorder
FTSE 100 logs fourth straight week of gains
LONDON: The UK's FTSE 100 extended its winning streak to a fourth week on Friday, as investors looked past economic concerns to focus on the Bank of England's policy path, while a slate of positive corporate updates also lifted mood. The internationally-oriented FTSE 100 closed 0.2% higher, adding 0.6% for the week, while the midcap FTSE 250 index rose 0.6%. For the week, the domestically focussed index gained 1.3%. The blue-chip index surged to all-time highs earlier this week as investors shrugged off domestic growth concerns to take comfort in a relatively US tariff-shielded market, higher commodity prices and hopes of a Bank of England rate cut. 'The FTSE 100 continues to prove that the stock market is not the economy, with rising unemployment, a black hole in the public finances, and resurgent inflation pressures doing little to dampen sentiment for the UK's top stock index,' said Joshua Mahony, chief market analyst at Scope Markets. The FTSE 100 has gained about 10% so far this year, surpassing the pan-European STOXX 600 index's 7.7% gains. Traders are currently pricing in a 78% probability of a 25 basis-points rate cut at the Bank of England's policy meeting next month. Among company moves, Burberry shares jumped 5.5% to their highest in nearly 17 months after the luxury brand's comparable retail sales fell less than expected. The strong earnings showed early signs of a recovery for the company that has struggled with underperformance. The UK's personal goods index surged 5% on the back of Burberry to its highest in five months. Heavyweight BP also gained 0.7% after the energy major said it had agreed to sell its US onshore wind business, bp Wind Energy, to US-based electricity transmission systems operator LS Power.
