Companies Financial News

18.07 / 14:47

property companies Evergrande reveals £62bn losses in delayed results

As of 31 December 2022, the firm’s total liabilities amounted to CNY 2.4trn (£260bn)

18.07 / 07:47

companies liontrust GAM Deal GAM investor group makes counteroffer to Liontrust deal

The offer price represents a 31.9% to the closing price of the GAM shares yesterday (17 July), and a 29.1% premium on the offer made by Liontrust.

18.07 / 07:47

companies Diversity Asset management directors 'risk competency' in multiple board roles

Sentiment polling data by EY found investors are wary of company directors working across several boards.

17.07 / 15:27

companies Acquisition liontrust GAM Bruellan NewGAMe GAM investor group hits back at Liontrust CEO over 'value-destructive M&A' track record

The investor group criticised Liontrust for being 'one of the worst-performing stocks in the fund management sector over the past 12-24 months'.

17.07 / 15:27

ETF BlackRock companies fixed income Global BlackRock AUM continues climb as firm eyes fixed income growth

The largest asset manager in the world now sits with AUM of $9.4trn

17.07 / 10:47

acquisitions companies liontrust GAM GAM forecasts £20.5m losses for H1 2023 as AUM drops 9.7%

Assets under management are also expected to post falls, closing H1 at CHF 68bn.

17.07 / 07:51

companies liontrust GAM reports Deal Takeover Major GAM shareholder pushes back on Liontrust takeover deal - reports

In an email seen by the news outlet, the New York based alternatives manager has decided not to accept Liontrust’s takeover offer of the firm.

17.07 / 07:51

acquisitions companies Gresham House Searchlight Capital Partners to acquire Gresham House for £469m cash offer

Tony Dalwood (pictured), CEO of Gresham House

17.07 / 07:51

goldman sachs companies reports Goldman Sachs accused of 'culture of bullying' in High Court case - reports

The allegations come two years after Goldman Sachs came under fire over the working environment at the bank.

14.07 / 12:29

companies liontrust GAM Future Liontrust CEO: 'The clock is now at one minute to midnight for the future of GAM'

John Ions (pictured) is the CEO of Liontrust Asset Management

14.07 / 12:29

companies Investment trusts equities fixed income Premier Miton suffers outflows of £449m in Q2

'We saw outflows from across our fund range as investors retrenched against a backdrop of higher inflation, higher interest rates and ongoing market uncertainty.'

14.07 / 07:35

companies Aum equities emerging markets fixed income Ashmore Q4 Ashmore Group suffers $2.6bn Q4 outflows as AUM dips 3%

In total, investors pulled $2.2bn from the firm’s fixed income bucket, while equities saw inflows of $300m and alternatives added $100m.

14.07 / 07:35

companies liontrust GAM Liontrust AUM drops 6% on £1.6bn quarterly outflows

John Ions, chief executive of Liontrust

13.07 / 14:17

companies Acquisition liontrust GAM GAM's largest shareholder backs sale to Liontrust

Silchester International Investors holds 17.3% of GAM’s share capital.

13.07 / 07:49

companies Q4 Brooks Macdonald funds under management rise 7.5% on positive Q4 flows

Andrew Shepherd (pictured) is the CEO of Brooks Macdonald

12.07 / 09:31

companies liontrust GAM GAM urges shareholders to accept Liontrust bid

Following the approval from Liontrust shareholders at the firm’s annual general meeting last week (7 July), GAM has continued to urge its investors into accepting the deal.

11.07 / 14:07

regulation companies SVB Bankruptcy Silicon Valley Bank SVB's former owner sues US banking watchdog to recover $1.9bn

The cash balance, which is held in an account at its banking subsidiary, has been described as “the most significant asset” of the SVB Financial estate, the group said.

11.07 / 14:07

Amazon Microsoft companies Meta Returns fundsmith Tech companies drive Fundsmith's H1 returns following Amazon sale

Terry Smith (pictured) is the CEO of Fundsmith and manager of the Fundsmith Equity fund

11.07 / 10:35

M&A companies M&A value drops across wealth despite rise in number of deals

Findings from the auditor's latest M&A analysis were published today (10 July) and looked at the value brought from all publicly disclosed deals between January and June.

10.07 / 07:39

Technology PwC companies industry One in six asset managers expected to disappear by 2027

The survey from PwC found that the top ten largest asset managers are expected to control half of all mutual fund assets by 2027

07.07 / 11:39

companies Liontrust Asset Management shareholders approve GAM acquisition

David Jacob, chair of GAM, said he was «delighted that Liontrust shareholders strongly support the offer» and said GAM's board «unanimously recommends» the deal to its clients.

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