<\/p>\n
The new Harry Potter store in Oxford Street<\/p>\n
Investors will be looking for more magic from M&G after last week\u2019s agreement with Warner Bros Global Experiences that will see the opening of the UK\u2019s first flagship Harry Potter store on\u00a0London\u2019s\u00a0Oxford Street.<\/p>\n
The two-storey store will feature licensed merchandise from the film series alongside interactive experiences.<\/p>\n
The site has undergone a multimillion pound redevelopment, backed by patient capital from M&G\u2019s \u00a3130bn With\u2011Profits Fund, including the \u00a368 billion PruFund.<\/p>\n
M&G, which announces full-year figures on Thursday, revealed plans in January to invest more than \u00a31bn into the UK economy over the next three to five years, targeting affordable housing, regeneration, infrastructure, and innovative companies through the launch of two new funds.<\/p>\n
The commitment will be delivered by channelling capital from M&G\u2019s Life business alongside investment from the British Business Bank and Local Government Pension Scheme (LGPS), and Scottish Borders Council Pension Fund.<\/p>\n
Scottish Borders Council Pension Fund committee chair, David Parker, said the authority was \u201cdelighted\u201d to partner with M&G on the new UK Social Investment Fund, arguing that the pipeline of projects would make \u201can enormous difference to many communities\u201d across the UK.<\/p>\n
British Business Bank chief executive, Louis Taylor, added that the organisation was pleased to support the initiative, which he said would help drive investment into the UK\u2019s growth economy and encourage domestic institutions to increase allocations to unlisted companies.<\/p>\n
Persimmon<\/p>\n
Shares in housebuilder Persimmon trade at their highest mark in over a year, buoyed by January\u2019s strong trading update and the prospect of further decreases in the Bank of England base interest rate.<\/p>\n
The company has already revealed that completions rose 12% in 2025 to 11,905, while average selling prices rose by 4% to an average of \u00a3278,000. It has also said the forward order book stood at \u00a31.2 billion, around a third of 2025\u2019s revenues. Pre-tax profit are likely to come in toward the top end of expectations at around \u00a3440 million on an underlying basis.<\/p>\n
Legal & General<\/p>\n
Legal & General Shares in Legal & General are no higher than they were five years ago, despite chief executive Ant\u00f3nio Sim\u00f5es\u2019 efforts to galvanise it with the strategic plan unveiled in summer 2024, says AJ Bell.<\/p>\n
The life insurer\u2019s focus is now pension risk transfers for workplace pension schemes, asset management and private pensions. <\/p>\n
It has sold its UK housebuilding and US insurance operations, merged Legal & General Investment Management and Legal & General Capital to create one giant asset manager and looked to maximise the value of non-core assets through a new Corporate Investments operation.<\/p>\n
DIARY<\/p>\n
Monday 9 March<\/p>\n
Full-year results from\u00a0Clarkson<\/p>\n
Tuesday 10 March<\/p>\n
Full-year results from Costain, Capita and Persimmon<\/p>\n
Wednesday 11 March<\/p>\n
Full-year results from\u00a0Balfour Beatty, Breedon, Gym Group, Legal & General and\u00a0Robert Walters<\/p>\n
US inflation<\/p>\n
Thursday 12 March<\/p>\n
Full-year results from\u00a0M&G, Computacenter, Savills and Vesuvius<\/p>\n
Friday 13 March<\/p>\n
Full-year results from\u00a0CLS Holding<\/p>\n
UK GDP growth<\/p>\n
UK construction, manufacturing and industrial production growth<\/p>\n
\t #Investors #seek #magic #Persimmon #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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