Companies Financial News

27.09 / 10:27

companies People moves liontrust GAM NewGAMe and Bruellan EGM GAM investor group changes CEO candidate day before shareholder vote

The group is now backing GAM’s chief risk officer Elmar Zumbuehl for the role and said that he had already “accepted the opportunity to work with the new board as CEO of GAM”.

26.09 / 08:53

M&A companies Results Close Brothers AM Close Brothers AM profits tumble 27% amid sale rumours

Adjusted operating profit fell to £15.9m, down from £21.7m a year ago.

25.09 / 14:09

companies Bank of America M&G profits H1 2023 Bank of America reiterates M&G 'Buy' rating following 'impressive' H1 flows

On the back of analyst predictions of £2.2bn in net outflows for the period, Bank of America said the firm’s asset management flows “impressed” them.

21.09 / 14:57

UK companies MPs Specialist Marlborough partners with quant specialist for MPS launch

Marlborough's team of portfolio managers and analysts provide «due diligence and oversight» before the recommended trades are signed off and executed, the businesses explained.

21.09 / 11:17

companies industry Merger Rathbones Investec W&I Rathbones and Investec W&I complete merger to create £100bn wealth manager

Paul Stockton (pictured) is CEO of Rathbones.

21.09 / 11:17

fees Fitch retail companies industry investment managers Fitch Ratings: Investment managers with mass retail focus suffer weaker flows

Pressure has remained on fees as competition increases, regulation tightens and value for money assessment require firms to demonstrate their prices are fair.

21.09 / 11:17

Sustainability UK companies ESG net zero Sunak '100% committed': Sunak vows hit to net zero targets as he scraps key climate policies

Sunak said the changes represented the 'only realistic path to net zero'

20.09 / 10:15

M&A companies ETFs AssetCo AssetCo sells loss-making Rize ETF to Cathie Wood's ARK Invest

AssetCo chair Martin Gilbert

20.09 / 10:15

companies M&G outflows H1 2023 M&G profits jump by 30% despite assets falling as institutional outflows grow

Andrea Rossi (pictured) is the group CEO of M&G

19.09 / 15:15

Morningstar companies funds Fundsmith Equity Vanguard iShares Ruffer fundsmith Fundsmith tops Morningstar medalist rankings but misses maximum rating

Fundsmith has just two strategies, the Fundsmith Equity fund and the Fundsmith Sustainable Investment fund, and they follow the same investment philosophy and process.

19.09 / 08:43

companies profits New Hargreaves Lansdown CEO lays out priorities as profits soar 50%

Dan Olley (pictured) took over as CEO of Hargreaves Lansdown on 7 August 2023.

18.09 / 11:43

IPO companies London Stock Exchange FCA JP Morgan Asset Management shorts CAB Payments after bank aided IPO

JPMAM was one of the banks involved in the floating of CAB Payments.

18.09 / 11:43

UBS companies industry Credit Suisse FINMA Group of Credit Suisse bondholders plan lawsuit against Swiss government

The suit could be filed by the end of the year but is not certain to proceed, people familiar with the discussions told the FT.

14.09 / 14:45

companies financial conduct authority Acquisition Castlefield sells ACD unit to Thesis Unit Trust Management

Under the deal, the two fund ranges run by ConBrio, comprising eight funds, will join Tutman’s 150 strategies for which Thesis acts as ACD.

14.09 / 14:45

companies Alternatives Gresham House Gresham House sets eyes on long-term ambitions as profits climb

Tony Dalwood, chief executive of Gresham House

14.09 / 08:01

inflation companies Results Profits slip at Brooks Macdonald despite rising assets and revenue

Costs increased substantially at the manager, with an extra £5.8m being added to the annual bill.

13.09 / 14:19

fees BlackRock companies financial conduct authority Unit trusts/OEICs AJ Bell Consumer Duty pricing BlackRock tiered fund pricing structure divides opinion

'Active managers as yet have not truly grasped the nettle that the cost of investing in active funds is still too high.'

11.09 / 15:19

companies SJP St James's Place place St James's Place launches probe into private school fees tax strategy

The wealth manager said it was looking into Apollo Private Wealth, which published a LinkedIn post a month ago advertising «setting up a tax-free efficient fund to pay private school fees».

11.09 / 15:19

companies Odey AM Brook Asset Management Crispin Odey removed as person with significant control of Odey AM

Crispin Odey (pictured) was removed as a person with significant control of Odey AM from 10 June 2023.

11.09 / 08:13

companies financial conduct authority FCA Link Fund Solutions Deal Woodford Woodford deal requires 'careful thought' from investors

The practice statement letter noted the FSCS had yet to make a determination regarding any potential compensation

08.09 / 12:33

BlackRock UK companies Unit trusts/OEICs assessment of value pricing BlackRock to introduce tiered pricing for UK retail funds with at least £1bn AUM

'BlackRock believes that tiered pricing represents an appropriate way to share further scale benefits on eligible BFM funds to UK retail investors.'

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