BlackRock BLK has been acquiring billions of pounds of UK assets it considers "undervalued," The Times newspaper reported on Thursday, quoting the U.S. asset manager's CEO Larry Fink. In an interview with the British newspaper, Fink said that BlackRock has been broadly increasing its investments in UK assets "across the board." "I have more confidence in the UK economy today than I did a year ago," the chief executive and chairman of the world's largest asset management firm said. He noted that many UK stocks, particularly in the banking sector, were undervalued due to excessive discounts. "We added to our positions across the board with the idea that we believe the market was discounting too much negativity," Fink told The Times.

Source: The Times April 24, 2025 20:31 UTC