Companies Financial News

16.01 / 08:47

companies AGM Ninety One annual general meeting Ninety One addresses shareholder dissidents from AGM

Overall, 20.4% of shareholders voted against it and at the time, the board said it would 'continue its ongoing dialogue with shareholders and consult as appropriate to fully understand any concerns in relation to this resolution'.

16.01 / 08:45

companies Merger Liberum Panmure Gordon merges with Liberum to create 'UK's largest investment bank'

At completion, the combined entity will be rebranded to Panmure Liberum.

15.01 / 11:53

companies Ruffer Investment Company Ruffer Jonathan Ruffer notes 'down year' despite AUM and profits jump

Jonathan Ruffer described the domination of the Magnificent Seven in indices as an 'accident waiting to happen'.

15.01 / 11:53

companies London Stock Exchange IPOs Kazakh airline Air Astana plans dual London listing

President and CEO Peter Foster said the initial public offering will accelerate the company’s 'next stage of growth'.

15.01 / 11:53

LSE companies London Stock Exchange Police presence increased as six arrested over plot to disrupt London Stock Exchange

According to the Met, activists from Palestine Action had intended to prevent the building opening for trading this morning (15 January).

12.01 / 13:57

BlackRock companies Acquisition private markets infrastructure acquires BlackRock acquires Global Infrastructure Partners for $12.5bn in private markets push

At completion, the combination of GIP’s $100bn of client assets with BlackRock’s $50bn infrastructure operation will create a $150bn infrastructure platform spanning equity, debt and solutions.

10.01 / 13:40

Jefferies companies Platforms Jefferies retains 'Buy' rating for Hargreaves Lansdown

In 2021 and 2022, Hargreaves earned £50m in each year on client cash, and the analysts estimated the income will grow to around £270m for the 2024 financial year.

10.01 / 08:46

companies People moves Investment Association Quilter IG Group Former Hargreaves Lansdown chief executive Chris Hill joins Quilter board

Chris Hill (pictured) served as chief executive officer at Hargreaves Lansdown for over six years.

09.01 / 18:37

BlackRock companies Revenue earnings assets under management BlackRock plans to cut 3% of global workforce - reports

People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

09.01 / 13:55

companies Alternatives Foresight Group private equity infrastructure dividend Foresight increases dividend as funds under management stagnates

The interim dividend will be paid on 26 January.

09.01 / 13:53

companies Jupiter outflows share price Jupiter suffers higher than anticipated outflows of £2.2bn

Jupiter CEO Matthew Beesley

09.01 / 13:32

companies bonds Acquisition fixed income Boutique Impax AM bolsters fixed income arm with acquisition of Danish bond boutique

Impax CEO Ian Simm (pictured) said the acquisition is 'an important step' in the 'continued enhancement' of the firm's fixed income offering.

08.01 / 15:43

M&A UK companies private equity Take-private deals dominate UK M&A landscape in 2023

Peel Hunt also noted that smaller deals continued to represent the majority of transactions in 2023, with just a small minority of announced firm offers exceeding £500m equity value.

08.01 / 12:00

UK US companies BAE Systems subsidiary included in China's company ban following Taiwan deal

The Chinese Foreign Ministry said in a statement on Sunday (7 January) that the sanctions were 'in response to these gravely wrong actions taken by the US', although they did not name the recent aid package specifically.

05.01 / 15:58

Jefferies companies Wealth managers Jefferies reiterates 'Buy' rating for Julius Baer on rebound potential

Jefferies analysts Tom Mills, Fangfei Li and Laura Gris Trillo have cut their estimates for 2023-2025 earnings per share by 7-18%, reflecting a weak second half of 2023 and a 'lower outlook for rates'.

05.01 / 11:25

LSE companies TUI London Stock Exchange delisting TUI eyes 24 June delisting from London Stock Exchange

If the resolution is approved, it is expected the delisting would occur on 24 June 2024.

05.01 / 11:23

economics US companies Global US economy bankruptcies US bankruptcies surge 18% but remain below pre-pandemic levels

Alongside rising rates and falling pandemic stimulus, 'near historic levels of household debt' were cited as a cause for the spiking bankruptcy rates.

03.01 / 15:09

IPO M&A UK companies FTSE UK M&A fuelling 'relentless' de-equitisation drive

With 40 transactions worth more than £100m in 2023, Hall noted that the pace had increased throughout the year, as there had been jus three offers announced in Q1 2023 compared to 18 in Q4.

02.01 / 12:03

companies Wall Street hedge fund takes short position against Hargreaves Lansdown

Point72 is headed by Steve Cohen, which, alongside European division Point72 Europe (London), took a net short position against HL, at 0.5% and 0.66%, respectively.

02.01 / 12:03

companies industry ESG Diversity Aviva Financial Amanda Blanc and Andrew Bell awarded New Year Honours for services to financial sector

Amanda Blanc (pictured) became CEO of Aviva in July 2020.

22.12 / 12:58

companies Woodford IM writes off £1m in loans owed to companies controlled by Woodford and Newman

As of 31 March 2023, these had been written down to nil to 'reflect the fact these will not be repaid'.

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