Author: Jordan

Together has successfully priced a £562.9m first charge residential mortgage-backed securitisation (RMBS), known as TABS16, marking its second RMBS transaction of 2026. The deal achieved a weighted average cost of placed notes of 0.94% and a 95% advance rate. Additionally, 90% of the issued notes are expected to receive AAA(sf) ratings from both S&P and DBRS. The transaction was supported by a portfolio of first charge residential and buy-to-let (BTL) loans across England, Scotland and Wales. It refinanced assets previously held in Together’s £1.2bn Kingsway facility and senior secured notes. Richard Rowntree, group CEO of Together, commented: “We are…

Piramal Finance expects to maintain strong momentum after a better-than-expected April-June quarter of 2026 (Q1FY27), with Managing Director Jairam Sridharan reaffirming a 25%asset under management (AUM) growth target for 2026-27 (FY27). He said credit demand has remained broad-based despite concerns around geopolitical tensions and weather-related uncertainties, while the company’s growth businesses now account for nearly its entire loan book.Sridharan also said Piramal Finance will continue to expand its newly launched gold loan business in a measured manner, targeting 200 branches by the end of the year without chasing aggressive loan growth. He added that asset quality remains stable, the legacy…

A trio of Nigerian investors led by Segun Lawson has watched the value of its shared bet on Thor Explorations hold near record levels, after the gold miner behind Nigeria’s first large-scale commercial mine reported a strong second quarter.Thor, listed on London’s AIM and the TSX Venture Exchange, generated $77.3 million in revenue in the three months to June 30, selling 17,050 ounces of gold at an average realized price of $4,535 an ounce. The company poured 19,153 ounces from its Segilola mine in Osun State, took first-half production to 39,409 ounces, and ended the quarter with an adjusted net…

HAMPTON ROADS, VA— A reverse mortgage is a specialized loan for homeowners aged 62 or older that allows you to convert your home equity into cash. Instead of making monthly payments to a lender, the lender pays you. Reverse Mortgages can be complex, especially when it comes to working them into your will and trust. That’s when we turn to the experts like Shannon Laymon-Pecoraro from East Coast Elder Law, PLLC to break down the complexities into simple language we can all understand.Presented by: East Coast Elder Law, PLLC(757) 734-7584 Source link

Golden Grandson Shines for SSL Gold Cup European Qualifiers Round 2 Finale by SSL Gold Cup 17 Jul 18:31 BST 13-17 July 2026 During the final European Qualifiers on Lake Neuchâtel, we’ve been blessed with fantastic wind conditions, high temperatures, and one of the most stunning backdrops in sailing. The stakes couldn’t have been higher on Golden Friday with the coveted slots at the SSL Gold Cup Finals Brasil 2026 on the line and double points on offer for the final race. Group G Race 6 Going into the final Group G race, all three teams…

Global fund administrator Citco has published its latest Monthly Hedge Fund Update, looking at hedge fund performance, investor flows and operational activity in June 2026. Key findings are: Hedge funds recorded their third consecutive month of gains, delivering a weighted average return of 2.4% in June and ending Q2 in positive territory. Global macro and equity strategies led performance, returning 3.0% and 2.9% respectively, while commodity-focused funds declined by 2.3%. Funds administered by Citco recorded $13.6bn of net inflows during the month, bringing total net inflows for the first half of 2026 to $70.4bn. Multi-strategy funds continued to attract the…

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMax Kettner, HSBC chief multi-asset strategist, joins ‘Squawk on the Street’ to discuss the weakness in technology stocks, the broader equity markets and much more. Source link

Now is a good point in the year to not lose focus on the long-term prize. Quick insight: With Wall Street trading desks light, summer vacations in full swing, and fears of Fed rate hikes swirling, stocks have come under pressure — especially the tech-heavy Nasdaq Composite (^IXIC).  But a well-timed note from the Goldman Sachs team offers a bit of helpful perspective.  Goldman noted that the S&P 500 (^GSPC) is up 95% since the end of 2022, placing the current bull market in the strongest 10% at this stage of the cycle, based on data going back to 1928.…

(Bloomberg) — Got gold? If not, maybe this is the year to get some. While the last five months haven’t been great, with the price off by about 19%, look back over the last few decades and you will see that being a gold bug has been very much a winning strategy. Physical gold has outperformed the US stock market since 2000 and is up close to 122% over the last five years.The long-term story of gold holds. As a place to store wealth, it’s more important than ever. And with the rise of exchange-traded funds, gold has never been…

Fiduciary Management Inc. (FMI), an independent money management firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The quarter saw the market optimistic about the future, while we focused on undervalued businesses. Global markets saw substantial gains in Q2, with indices like the Russell 2000 and S&P 500 posting their best returns since 2020, largely due to the rise of Artificial Intelligence (AI). AI-related sectors, including semiconductors and data centers, performed exceptionally well, but the firm’s quality compounders declined by 1%. The portfolio failed to match the momentum in a technology driven environment. The firm…