# London-listed technology investment trusts brace for bleak winter

- URL: https://talkfuse.com/story/london-listed-technology-investment-trusts-brace-for-bleak-winter/
- Published: 2026-11-10T14:18:00+00:00
- Updated: 2026-11-10T21:41:07+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/london-listed-technology-investment-trusts-brace-for-bleak-winter/
- Topics: AI, Asia, Business, Markets, Technology, World

## Key points

- SoftBank posted a £5.3bn quarterly loss.
- Three London-listed technology trusts have fallen sharply.
- Investors are moving towards consumer staples and healthcare.

## Summary

SoftBank reported a £5.3bn third-quarter loss, largely linked to write-downs in data centre projects, and said it would reassess its strategy. The result has added to concerns about the pace and returns of investment in artificial intelligence, as London-listed technology trusts have shed gains made earlier in the year.

Since last month, Manchester & London Investment Trust has lost nearly a quarter of its value, while Allianz Technology Trust is down about 23 per cent and Polar Capital Technology Trust about 21 per cent. Investors have shifted towards defensive sectors: global consumer staples gained 10.6 per cent in October, their biggest monthly rise in nearly three decades, while healthcare stocks rose 9.8 per cent. Higher interest rates and bond yields, alongside questions about AI investment costs and returns, are weighing on technology shares.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.