Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Baillie"


25 mentions found


It's also a short-sighted approach as far as Baillie Gifford, an investment management firm with $288 billion under management, is concerned. Advertisement"Our investment approach is bottom up," said Gemma Barkhuizen, an investment manager at the firm and one of the decision-makers on the Baillie Gifford Long Term Global Growth Fund. Another example is Nvidia, which is the largest holding within the long-term fund at 1.22%. A bottom-up, stock-picking strategyThe research framework that is the bedrock of the filtering process for the long-term fund looks at 10 key variables. What societal considerations are most likely to prove material to the long-term growth of the company?
Persons: , It's, Baillie Gifford, Baillie Gifford's, Gemma Barkhuizen, Barkhuizen, Baillie, Roblox, that's, it's, aren't, isn't Organizations: Service, Business, PDD Holdings, Nvidia, Companies Locations: China
LONDON (AP) — A book about a fire that ravaged a Canadian city and has been called a portent of climate chaos won Britain’s leading nonfiction book prize on Thursday. John Vaillant’s “Fire Weather: A True Story from a Hotter World” was awarded the 50,000 pound ($62,000) Baillie Gifford Prize at a ceremony in London. Last year’s prize winner, Katherine Rundell, gave her prize money for “Super-Infinite: The Transformations of John Donne” to a conservation charity. Historian Ruth Scurr, who was on the panel, said she did not feel “compromised” as a judge of the prize. “I have no qualms at all about being an independent judge on a book prize, and I am personally thrilled that the winner is going to draw attention to this subject,” she said.
Persons: Britain’s, John Vaillant’s, Baillie Gifford, Frederick Studemann, Vaillant, , David, , Siddhartha Mukherjee’s “, Katherine Rundell, John Donne ”, Ruth Scurr Organizations: Locations: Canadian, London, British Columbia, Fort McMurray, U.S
Not every AI company is hot right now. While European and US tech investors are throwing funding at startups that look like the next Nvidia or ChatGPT, they're less optimistic about one big player: British AI chip company Graphcore. The UK tech industry is small, and Insider granted anonymity to these people to avoid jeopardizing their professional relationships. One founder operating in the same space as the AI chip firm speculated that Arm could be a leading contender to acquire Graphcore. In September, Toon pitched Graphcore in an interview with Insider as a viable rival to Nvidia, which holds around 70% of the AI chip market, per Omdia analysis.
Persons: Graphcore, Baillie Gifford, it's, Nigel Toon's, Toon, we'll, Rishi Sunak Organizations: Nvidia, Graphcore, Insider, Sequoia Capital, Bloomberg, UK, China Locations: British, Europe
Dan Lewis, co-founder and CEO of trucking logistics startup Convoy and a former Amazon executive, speaking at the CNBC Technology Executive Council summit it New York City on Oct. 29, 2019. Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport said it will lay off about 20% of its own workforce. Seattle-based Convoy was founded to disrupt the fragmented, low-tech freight brokerage business, in which truckers and customers connected by phone and fax. According to a memo sent to employees Thursday morning, Lewis said the company faced both an "unprecedented freight market collapse" and "dramatic monetary tightening."
Persons: Dan Lewis, Baillie Gifford, Lewis Organizations: Convoy, Amazon, CNBC Technology, CNBC Disruptor, U.K, Hercules, JPMorgan, Microsoft Locations: New York City, Seattle, Convoy's, Atlanta
Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."
Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S
It was also the first time that Brand, who was suspended and then resigned amid the backlash, suffered serious consequences. Brand’s 2007 autobiography “My Booky Wook” details accounts of him spitting in a sex worker’s face and smashing another’s phone into a wall. And as one of Brand’s accusers has claimed, those who pulled the strings weren’t just willing to overlook sinister behavior — they bent over backward to accommodate it. He created a mythology around them, at a cultural moment when women were being villainized in a particularly demeaning, sexual way. If they were ever tempted to turn against him, they’d be forced to interrogate why they hadn’t done so sooner.
Persons: Holly Thomas, Katie Couric, CNN —, , Russell Brand, Holly Thomas Holly Thomas The, Brand, , ” Brand, bin Laden, Brand’s, lothario, Sir Jimmy Savile, Savile, he’d, Johnathan Ross, Andrew Sachs, Sachs, Georgina Baillie, Baillie, he’s Russell Brand, he’s, they’d Organizations: Katie Couric Media, CNN, Sunday Times, The Times, Holly Thomas Holly Thomas The Times, Brand, Metropolitan Police, The Sunday Times, Ardent, MTV, BBC, Times, BBC Radio, HarperCollins Locations: London, Northampton, British
The new round, led by T. Rowe Price, could mark the last round of private funding as the data company gears up for the public market. Chipmaker Nvidia (NVDA.O), another beneficiary of the AI boom, and credit card firm Capital One Financial (COF.N), also participated in the latest funding round. AI, the latest buzzword in the technology space, has captivated the interest of investors from Silicon Valley to Wall Street. Its latest valuation is over 13% more than the $38 billion the San Francisco-based company was worth after its last fundraise in 2021. The company has raised $4 billion since inception.
Persons: Rowe Price, Ali Ghodsi, Ghodsi, Andreessen Horowitz, Baillie Gifford, Morgan, Weeks, Databricks, Niket, Krystal Hu, Dhanya Ann Thoppil Organizations: Nvidia, Reuters, Fidelity Management & Research, Tiger Global, Thomson Locations: Silicon Valley, Wall, Francisco, Bengaluru, Hong Kong
LONDON (AP) — Books about the perilous state of our world, our food and our relationship with technology are in the running for Britain’s leading nonfiction book award, the Baillie Gifford Prize. Best-selling American author David Grann is nominated for the stirring seafaring yarn “The Wager,” while physician-writer Siddhartha Mukherjee is in the running with “The Song of the Cell.”British journalist Hannah Barnes is on the list for “Time to Think,” which charts the demise of Britain’s controversial Tavistock gender clinic for children. Founded in 1999, the prize recognizes English-language books from any country in current affairs, history, politics, science, sport, travel, biography, autobiography and the arts. It has been credited with bringing an eclectic slate of fact-based books to a wider audience. Last year’s winner was Katherine Rundell’s poet biography “Super-Infinite: The Transformations of John Donne.”
Persons: Britain’s, Baillie Gifford, longlist, John Vaillant’s, Chris van, Daron Acemoglu, Simon Johnson, David Grann, , Siddhartha Mukherjee, Hannah Barnes, Tania Branigan’s, Katja Hoyer’s, Katherine Rundell’s, , John Donne Organizations: Prosperity, Locations: British, Tavistock, East Germany
“She rejects the classification of ‘feminist artist,’” the film scholar Gene Youngblood told The Santa Fe New Mexican in 1999, when some of Strand’s films were being shown at the College of Santa Fe. Chick Strand was born Mildred Totman on Dec. 3, 1931, in Berkeley, Calif., to Russel and Eleanor Totman. She first developed an interest in film while studying anthropology at the University of California, Berkeley. In the 1960s, inspired by the growing free speech movement, Strand began hosting makeshift screenings in her backyard with her first husband, Paul Anderson Strand, an artist, and the experimental film impresario Bruce Baillie. As word spread, they quickly became carnivalesque productions, with Strand, Baillie and other regulars dressing in costumes and performing live while the films were shown to an increasingly large group of strangers.
Persons: , Gene Youngblood, Barbara Hammer, Shirley Clarke, Chick Strand, Mildred Totman, Russel, Eleanor Totman, Chick, Strand, Paul Anderson Strand, Bruce Baillie, Baillie Organizations: Santa Fe New, College of Santa, University of California Locations: Santa Fe New Mexican, College of Santa Fe, Berkeley, Calif, Strand
Leading the round alongside BlackRock, the world's biggest asset manager, were Canada Pension Plan, Ontario Municipal Employees Retirement System and, as previously reported, pension investor Investment Management Corporation of Ontario. The fresh funds will help the firm expand its factory footprint, Hartman said. Separately, Northvolt has assembled its first energy storage system products in Poland and expects to start customer deliveries from later this year. "We have a business plan... we always want to make sure we have access to the markets," Hartman said. Reuters has previously reported, citing sources, that Northvolt was preparing for an initial public offering that could value the company at more than $20 billion.
Persons: Helena Soderpalm, IMCO, Northvolt, Alexander Hartman, Goldman Sachs, Baillie Gifford, Swedbank, Singapore's, Chow, Hartman, Supantha Mukherjee, Simon Jessop, Mark Potter Organizations: REUTERS, BlackRock, Reuters, Management Corporation of Ontario, Volkswagen, Chow Tai Fook Enterprises, BMW, Volvo, Thomson Locations: Vasteras, Sweden, BlackRock, Canada, STOCKHOLM, LONDON, Swedish, Europe, North America, Ontario, Hong Kong, Germany, United States, Scania, Poland, Stockholm, London
Thunberg decided not to speak at a book festival as a result. The company released a statement, saying its ties to the fossil fuel industry were insignificant. "Greenwashing efforts by the fossil fuel industry, including sponsorship of cultural events, allow them to keep the social license to continue operating. This is not the first time the investment firm has been criticized for its holdings in the fossil fuel industry. In 2020, The Ferret also published a story highlighting the company's shares in fossil fuel companies.
Persons: Greta Thunberg, Thunberg, Baillie Gifford, Zara, Baillie, Nick Barley, Barley, Greta Organizations: Service, Edinburgh, United Nations Locations: greenwashing, Scottish, Scotland
CNN —Climate activist Greta Thunberg has canceled an appearance at the Edinburgh International Book Festival after accusing one of the festival’s main sponsors of greenwashing. As a climate activist I cannot attend an event which receives sponsorship from Baillie Gifford, who invests heavily in the fossil fuel industry,” Thunberg said. “Greenwashing efforts by the fossil fuel industry, including sponsorship of cultural events, allow them to keep the social license to continue operating. Barley went on to highlight the crucial role played by organizations such as Baillie Gifford in keeping an event such as the Edinburgh International Book Festival alive. As a charitable organisation, we would not be in a position to provide that platform without the long-term support of organisations such as Baillie Gifford,” Barley said.
Persons: Greta Thunberg, Thunberg, Ballie Gifford, , Baillie Gifford, ” Thunberg, , Nick Barley, ” Barley, Barley, Baillie Gifford’s Organizations: CNN, Edinburgh, greenwashing, Playhouse Theatre Locations: Edinburgh, Scottish
Look beyond tech But there are opportunities beyond tech: Morningstar data reveals the funds outside of tech and growth sectors that have also outperformed over the last five years. Top holdings include Home Depot, Johnson Controls International, Floor & Décor and Trane Technologies. Guinness Atkinson Alternative Energy Fund : This fund picks companies in the alternative energy sector, with at least half of the business dedicated to renewable energy or energy efficiency. Global X Lithium and Battery Tech ETF : The ETF comprises lithium producers and lithium battery makers — all essential to electric vehicles. Top holdings include United Airlines, Marathon Oil, Tyson Foods, Best Buy, and Synchrony Financial.
Persons: James Demmert, Hubbell, MasTec, Invesco Russell, Russell, Vanguard Baillie Gifford Organizations: Street Research, U.S . Federal, Morningstar, Enphase Energy, Fidelity, Housing, Home, Johnson, Trane Technologies, Guinness Atkinson Alternative Energy Fund, Schneider, NextEra Energy, Shelton Sustainable Equity Fund, Bunge, Battery Tech ETF, Samsung SDI, Trust, Industrial Renaissance, SPX Technologies, Sterling Infrastructure, Global, U.S . Infrastructure Development, Holdings, Rockwell Automation, United Rentals, Deere, Co, United Airlines, Marathon Oil, Tyson Foods, Synchrony, Heptagon, Equity Fund, Xenon Pharmaceuticals, TransMedics, FTAI Aviation, Vanguard, Moderna, Alnylam Pharmaceuticals, Coursera, Water Resources, Nasdaq, Water Locations: Luxembourg, Eaton, Albemarle
July 12 (Reuters) - Chip designer Nvidia (NVDA.O) will invest $50 million to speed up training of Recursion's (RXRX.O) artificial intelligence models for drug discovery, the companies said on Wednesday, sending the biotech firm's shares surging about 62%. Recursion, whose advisers include AI pioneer Yoshua Bengio, will use its biological and chemical datasets exceeding 23,000 terabytes to train AI models on Nvidia's cloud platform. Nvidia, seen as a big winner of the boom in artificial intelligence, could then license those models to biotech firms through BioNeMo, a generative AI cloud service for drug discovery that it rolled out earlier this year. The investment comes as Recursion strengthened its AI focus in May by snapping up two companies in the AI-driven drug discovery space for $87.5 million. The Salt Lake City, Utah-based company's current partners include Bayer (BAYGn.DE) and Roche (ROG.S).
Persons: Nvidia, Roche, Mubadala, Baillie Gifford, Chavi Mehta, Stephen Nellis, Mariam Sunny, Shilpi Majumdar, Sriraj Organizations: Nvidia, Bayer, Baillie Gifford & Co, Thomson Locations: BioNeMo, Salt Lake City , Utah, Abu, Bengaluru, San Francisco
It has overtaken Hong Kong — long one of the top IPO markets — for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan. Global IPO slowdownPart of Indonesia’s IPO success this year can be explained by lackluster performances elsewhere. The US IPO market, usually the world’s largest, has suffered given its reliance on particularly rate-sensitive tech companies, Lee said. Mining company Harita Nickel raised $660 million in its market debut last month, Indonesia’s biggest listing so far this year. “Our increasing conviction in [Indonesian companies] comes from how its government maximizes the potential of its bountiful raw materials,” he wrote.
Elite money managers overseeing trillions of dollars convened at the 2023 Milken Global Conference in Los Angeles this week. The consensus was clear: they think markets are mispositioned for a scenario where the central bank keeps rates higher for longer. "As our chief economist likes to say," Hunt said, "at higher rates, bodies will continue to float to the top over the course of the summer." And with yet another Fed rate hike officially in the books, financial conditions are only going to get tighter and more companies could be caught off-guard. On Wednesday, West Texas crude dropped more than 4.4%, the steep declines coming the same day as the Fed's rate hike.
Signage is seen on the Joby Aviation Air Taxi outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly/File Photo(Reuters) - British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. “It is important as long-term investors – even more so in a challenging environment – that we maintain our approach of backing transformational companies to build new growth industries,” a Baillie Gifford spokesperson said in a statement. The British investment firm are also investors in Elon Musk-led electric vehicle maker Tesla Inc and online retailer Amazon.com Inc. The investment is expected to close on May 5, Baillie Gifford and Joby said on Wednesday.
The firm is known for growth investing, but she says she's picking defensive, stable winners. Mileva told Insider about some of the industries and stocks she likes the most today. How is a company that's known for board games and fantasy figurines anything like a company that owns world famous luxury brands with products like high fashion accessories, champagne, and yachts? That's the view of Milena Mileva, the manager of Baillie Gifford's $564 million Developed EAFE All Cap fund, and an expert on international stocks. These are the ones that historically have been the most successful examples," she told Insider in a recent interview.
Britain readies for King Charles' coronation
  + stars: | 2023-05-01 | by ( Dave Lucas | ) www.reuters.com   time to read: 1 min
King's Bodyguards for Scotland and members of Royal Company of Archers Alex Baillie-Hamilton and Paul Harkness stand guard by the Stone of Destiny at Westminster Abbey during a welcome ceremony, in central London, Britain, April 29, 2023. The stone, an ancient symbol of Scotlandis monarchy, will play a central role in the Coronation of The King in the Abbey on Saturday 6th May. In 1296, King Edward I brought the stone to Westminster. He placed it within the Coronation Chair, the oak seat he commissioned in 1300-1301 and which has been the centre piece of coronations for more than 700 years. In 1996, the UK government announced that the stone would return to Scotland, but would come back to the Abbey for coronations.
While it didn't reach space, the most powerful rocket ever built marked a milestone and shined a light on a broader industry trend: building bigger rockets. Take Relativity Space, a CNBC Disruptor 50 company valued at more than $4 billion, that has emerged as the posterchild of the trend. Even Rocket Lab is busy developing a more powerful rocket than its current small launch-focused Electron. CNBC's weekly "Manifest Space" podcast focuses on the billionaires and brains behind the ever-expanding opportunities beyond our atmosphere. In "Manifest Space," sit back, relax and prepare for liftoff.
NorthvoltHow Northvolt's process worksNorthvolt's recycling process, which was dreamed up in 2018 and planned and tested in the following years, involves crushing, shredding, and filtering dismantled batteries. Northvolt is left with a black powder called black mass, which contains nickel, manganese, cobalt, and lithium. Once Northvolt's latest venture, Revolt Ett, is up and running at full capacity, it's expected to recycle 125,000 tons of battery materials each year. Cylindrical cells; shredded pieces of steel, copper, aluminium, plastic, and black mass from mechanical recycling; black mass; and a mix of nickel, manganese, and cobalt sulfates. The Hydrovolt pilot runs Northvolt's recycling process up to the black-mass stage.
Northvolt's stock market debut would come in an IPO market that has gradually recovered from a major slump in 2022, which was driven by stock market volatility and fears of an economic slowdown. Northvolt has so far raised billions in debt to fund its factory investments, including a $1.1 billion raise last year in convertible notes. Northvolt has used the money from convertible bonds to increase liquidity and ramp up production at its gigafactory in Skelleftea, Sweden. Northvolt has raised about $8 billion in debt and equity to date from a wide range of investors, including Baillie Gifford and Folksam Group. (This story has been corrected to say that Northvolt 'has used the money from convertible bonds', not 'has refinanced its convertible bonds', in paragraph 7)Reporting by Anirban Sen in New York and Supantha Mukherjee in Stockholm; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
Snyk: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
As more companies write their own code to power digital operations, they need to bolster and modernize their online security. It's a "cloud-native" technology, engineered by Snyk to speed up production and help enterprises prevent future security issues. Developers at AWS, Google , Atlassian , Comcast , Twilio , CVS , Overstock, Manulife and Revolut are among the millions in DevOps across sectors of the economy that are using Snyk. Investors include venture arms of Atlassian and Salesforce, Tiger Global, Baillie Gifford, T. Rowe Price, Accel, BlackRock, Franklin Templeton, Geodesic Capital and Temasek. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).
[1/2] The offices of Baillie Gifford are seen in Edinburgh, Scotland, Britain, November 3, 2018. The Edinburgh-based investment group added 110,737 shares of e-commerce platform Pinduoduo (PDD.O) and 50,039 shares of electric vehicle maker NIO Inc during the July to September period, the latest 13F filings to the U.S. Securities and Exchange Commission showed. Baillie Gifford also sold 7,033,302 shares of Li Auto during the period. At end-September, Pinduoduo was Baillie Gifford's 12th largest U.S.-listed holding with a market value of $1.77 billion and NIO was the 16th. Reporting by Summer Zhen; Editing by Vidya Ranganathan and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Current and former Tanium employees say the company has been tightening its belt. Tanium had two rounds of job cuts in the past month as internal hopes for its IPO faded. "Plenty of ink has been spilled over the past few months on this topic," a Tanium spokesperson said of its IPO plans. Even so, many rank-and-file employees are skeptical that either an acquisition or IPO will happen, a current employee said. "All well run organizations look for ways to simplify their structures and adapt to meet changing business requirements and industry shifts," the Tanium spokesperson said.
Total: 25