Companies Financial News

28.07 / 08:15

companies Acquisition liontrust GAM Bruellan NewGAMe Liontrust further extends GAM offer period

GAM shareholders will have until 4 August to tender their shares to Liontrust's offer.

27.07 / 15:17

UK companies schroders Wealth Management H1 2023 Schroders attracts £5.7bn net inflows in H1 as 'strategic rebalancing' proves fruitful

Peter Harrison (pictured) is the CEO of Schroders.

27.07 / 10:43

companies Consumer Duty Inflows place St James's Place shares slump on Consumer Duty charge cap and inflows slowdown

Andrew Croft (pictured) is the CEO of St James's Place.

27.07 / 07:31

companies Acquisition liontrust GAM NewGAMe Albert Saporta letter open 'Infuriated' GAM investor group hits back at Liontrust in emotional open letter to shareholders

This was the latest in an ongoing pushback from NewGAMe over Liontrust's acquisition of the Swiss firm, which it claims undervalues GAM at CHF 107m (£96m).

27.07 / 07:31

companies Aum outflows Jupiter asset management Jupiter profits rise 56% in H1 amid cost-cutting drive

Jupiter CEO Matthew Beesley

26.07 / 12:21

companies Investment trusts North Atlantic Smaller Companies trust rebuffs 'misleading' shareholder claims

The group is attempting what Nanoco CEO Brian Tenner described as a ‘backdoor takeover attempt’, pushing to remove the board and replace the CEO and chair.

26.07 / 12:21

companies multi-asset profits Inflows Rathbones inflows slow in 'challenging' first half of 2023

Paul Stockton (pictured) is the CEO of Rathbones Group

26.07 / 07:59

companies liontrust GAM NewGAMe GAM pushes back against shareholder inaccuracy claims

In a statement today, GAM stood by its communication over the deal, which it has repeatedly urged shareholders to accept.

25.07 / 14:53

inflation companies Deutsche Bank Deutsche Bank downgrades Hargreaves Lansdown to 'Sell'

Hargreaves Lansdown reported net new business of £1.7bn in the period, up 6% on the previous quarter.

25.07 / 14:05

companies Evelyn Partners Advice drives 12.6% rise in operating income for Evelyn Partners

Group operating income totalled £327.2m during the period, with 9.7% growth in financial services as «clients continued to see the value of expert advice», the firm said.

25.07 / 11:05

companies liontrust GAM NewGAMe and Bruellan NewGAMe information Investor group accuses GAM of spreading 'misleading information' about counteroffer

'NewGAMe strongly believes that it is in the interest of shareholders not to tender to the Liontrust offer and to remain invested in GAM with a new team on board who can successfully turnaround the company and return it to profitability and growth,' the group added.

25.07 / 08:41

regulation UBS companies Credit Suisse PRA FINMA Fine Credit Suisse receives record fine over Archegos failures

Credit Suisse provided prime brokerage services to Archegos and entered into equity total return swaps with the family office, booking eventual losses of $5.1bn as a result of its collapse.

24.07 / 07:49

companies Acquisition liontrust GAM NewGAMe Liontrust waives FMS sale condition from GAM offer

The sale to Carne Group will still go through and is expected to complete in Q4 2023.

24.07 / 07:49

UK companies ESG Ørsted divests from UK windfarm

Ørsted originally owned a 50% stake in Array and divested the first 25% in 2014 to global investment group CDPQ for £644m.

21.07 / 08:01

companies liontrust GAM Bruellan NewGAMe Investor group urges GAM shareholders to 'hold off' tendering to Liontrust offer

'We object to GAM’s message to shareholders that it is on the verge of collapse.'

20.07 / 07:51

acquisitions companies Oberon Investments to acquire Nexus Investment Management

Oberon said the acquisition complements its existing offering to growing companies through the Oberon EIS fund and the Oberon Capital and Oberon Private Ventures divisions.

20.07 / 07:51

PwC UK companies Financial Services private equity UK M&A activity falls in H1 as volume of deals slumps

The report found there was a total of £42.8bn worth of UK deals in H1 2023, a 55% drop when compared to £95bn in H1 2022.

20.07 / 07:51

companies AJ Bell Consumer Duty Q3 Customers AJ Bell customers and AUM climb in Q3

Michael Summersgill (pictured) is the CEO of AJ Bell.

19.07 / 12:39

companies Acquisition liontrust GAM Bruellan NewGAMe Takeover GAM reiterates Liontrust bid is sole takeover offer

GAM reiterated it continues to 'strongly recommend' Liontrust’s offer.

19.07 / 10:33

UK companies UK listed company profit warnings rise for seventh consecutive quarter

Stubborn inflation and a rising interest rate environment have driven a tighter and more expensive lending environment.

19.07 / 10:33

companies Hargreaves Lansdown posts 6% increase in net new business for Q2 2023

Chris Hill (pictured) is the outgoing CEO of Hargreaves Lansdown

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