Companies Financial News

24.08 / 13:01

companies Odey AM Odey Asset Management Odey AM vacates 18 Upper Brook Street for shared offices

Crispin Odey (pictured) has also stepped down as a director of a trio of companies that oversee assets for his children | PA Images / Alamy Stock Photo

24.08 / 08:03

companies liontrust GAM NewGAMe Liontrust bid fails as GAM enters discussions with shareholder group NewGAMe

Despite the failure, Liontrust is set to pay up to £11m in costs related to the offer.

23.08 / 11:09

companies liontrust GAM NewGAMe Albert Saporta NewGAMe accuses Liontrust CEO of 'bordering illegality' with 'misleading' communications

CEO of Liontrust John Ions (pictured) has been accused of spreading 'misleading information' over investor views of NewGAMe

23.08 / 08:03

Morningstar UK companies Abrdn FTSE 100 Liontrust to lose FTSE 250 spot in reshuffle as abrdn drops out of FTSE 100

The latest FTSE quarterly reshuffle may not see any asset managers or investment companies join the UK’s blue chip index.

22.08 / 11:27

UK companies Interest rates ESG AXA IM to cut 90 jobs in business reshuffle

AXA IM, which had 2600 employees in total at the end of 2022, said the job cuts were “conditional” and it was currently in discussion with unions in France and Germany.

22.08 / 07:37

companies liontrust GAM NewGAMe and Bruellan rock GAM board labels proposed rival loan 'insufficient' for stabilisation

GAM’s board argued that the level of funding needed to stabilise the firm was “significantly higher”, and likely to be in excess of CHF 100m (£89.1m).

18.08 / 09:27

companies liontrust GAM Bruellan Albert Saporta GAM shareholders offer new loan facility to replace Liontrust offer

In the letter, NewGAMe said it was willing to match the approximately CHF 20m amount that was already agreed in the takeover offer and said it would be lent by Rock or its parent company NJJ Holding.

17.08 / 14:55

companies liontrust GAM NewGAMe EGM GAM labels NewGAMe's proposal withdrawal 'vexatious' and a disruption strategy

n the letter, GAM insisted that NewGAMe is not a credible alternative path for GAM or its shareholders.

16.08 / 13:21

companies outflows Inflows H1 2023 Aviva Investors profits sink by over 60% on lower revenues as AUM drops

Mark Versey (pictured) is the CEO of Aviva Investors.

16.08 / 11:05

companies industry financial conduct authority Lansdowne Partners completes acquisition of CRUX Asset Management

Brian Heyworth, co-managing partner at Lansdowne Partners said the acquisition of CRUX has “significantly strengthened” the firm's UCITS offering.

15.08 / 14:39

companies FCA FCA approves AssetCo acquisition of Ocean Dial AM

Martin Gilbert, chair of AssetCo

15.08 / 14:39

companies LGIM assets tumble over 10% as LDI business suffers

Overall AUM at LGIM fell by £132bn to £1.158trn in the first half of the year, a drop of 10% compared to the £1.29trn reported for the same period in 2022.

15.08 / 14:39

MSCI companies Acquisition private equity Private assets acquires MSCI acquires private assets data and analytics provider The Burgiss Group

In total, MSCI has invested an aggregate of $913m to acquire Burgiss.

14.08 / 12:23

companies Financial Times London Stock Exchange Speculation London-listed YouGov plays down US listing speculation

Shakespeare said the company, which floated in London in 2005 and is valued at more than £1bn, said the US market was more supportive and a “natural base” for YouGov.

14.08 / 08:21

companies liontrust GAM NewGAMe EGM GAM cancels EGM and reasserts recommendation of Liontrust offer

The GAM board said it was “disappointed” by the withdrawal of the Rock proposals, which it described as a “vexatious use of shareholder rights”.

14.08 / 08:21

UBS companies Lawsuit Credit Suisse Swiss National Bank Takeover Credit Suisse shareholders sue over UBS takeover

SASV noted that UBS originally offered just CHF 1bn, then CHF 3bn for Credit Suisse, compared to the firm’s equity capital of CHF 54bn.

11.08 / 08:41

UBS companies Credit Suisse Swiss National Bank Swiss Deal Takeover UBS ends loss protection deal agreed with Swiss government for Credit Suisse takeover

The loss protection deal marked the final step in UBS' takeover of Credit Suisse, which was completed on 12 June.

10.08 / 10:51

companies liontrust GAM Bruellan EGM GAM shareholders withdraw proposals for EGM

In a statement, NewGAMe urged GAM to cancel the 18 August date «rather than incur unnecessary costs».

09.08 / 12:43

Reuters companies Sky News 7IM downsizes Bishopsgate offices as owner hunts for buyer

Last month, it was reported that Caledonia gave prospective buyers until the end of July to put forward indicative offers for the firm | Credit: iStock

09.08 / 12:43

companies Bank of America BofA Quilter Bank of America upgrades Quilter to 'Neutral' on adviser headcount growth

Quilter has 'taken impressive action on expenses', the BofA analysts said

09.08 / 12:43

IPO companies London Stock Exchange exit reports IWG ponders London Stock Exchange exit - reports

The FTSE 250 company’s board has initiated a review of IWG’s reporting currency as well as the potential implications of reporting under US GAAP rather than IFRS.

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