Companies Financial News

21.12 / 18:42

companies H2O Natixis Investor group launches lawsuit against H2O Asset Management

The lawsuit was launched in the Paris Commercial Court yesterday (20 December) with the support of Deminor Litigation Funding, which helps companies and investors monetise their legal claims.

21.12 / 18:41

companies liontrust GAM NewGAMe shareholders regulatory approval regulatory NewGAMe tender offer for GAM receives regulatory approval

Elmar Zumbuehl (pictured), GAM CEO

21.12 / 12:22

companies St James's Place Polen Capital takes over Somerset Capital Management's UK funds

As part of the transition, a team of Somerset portfolio managers, including Mark Williams, the portfolio manager of the Asia Income and Emerging Market Dividend Growth strategies, will be moved into Polen Capital’s emerging markets team in London and Asia.

20.12 / 18:45

Technology Energy companies Bank of America Cash Recession equity Fund managers 'most upbeat' since January 2022 but growth expectations remain pessimistic

Growth expectations among fund managers remained pessimistic, BofA found, although improved in the December survey from net 57% to 50% expecting a weaker economy.

20.12 / 18:45

companies stake Troy AM sells minority stake to US firm in bid to increase employee equity participation

Troy AM was established in 2000 by CIO and founder Sebastian Lyon and the late Arnold Weinstock.

19.12 / 18:48

regulation companies investigation FCA Odey Asset Management FCA takes no action against Odey Asset Management following investigation

In an investor letter, Odey AM CEO Peter Martin and COO and CFO Michael Ede said they were 'pleased to report that the FCA have completed their investigation into the firm and will not be taking any action'.

19.12 / 18:48

regulation Strategy companies Credit Suisse Risk Management FINMA Financial Swiss financial regulator finds strategy and management shortcomings led to Credit Suisse collapse

FINMA found the 'inadequate implementation' of strategic focus areas, alongside several scandals and management errors, led to the bank’s demise in March 2023.

19.12 / 10:56

NASDAQ companies valuations Nasdaq executive: We are in talks with many UK firms seeking listings - reports

Bosses at the London Stock Exchange are involved in a charm offensive to cement London’s place as an attractive location to list, and the government is currently pushing ahead with reforms to make it easier to list here.

18.12 / 09:09

companies Abrdn Costs abrdn cuts employee benefits to reduce costs - reports

This marks the latest cost-cutting exercise at the UK asset manager, a programme which started in September 2020 to recover the firm’s share price.

18.12 / 09:09

companies Acquisition VCTs/EIS EIS Oberon Investments receives green light to acquire Nexus Investment Management

Oberon explained that the acquisition was funded via the issuance of 7.5 million new ordinary shares in Oberon.

18.12 / 09:09

Technology companies Platforms Allfunds Allfunds launches analysis tool with wealth platform Ardan

The tool allows advisers to compare over 190,000 funds with information drawn from external market data vendors, the firm said.

15.12 / 10:29

acquisitions companies fundraise SJP St James's Place SJP looks to raise up to £1bn to buy out partner businesses - reports

New SJP chief executive Mark FitzPatrick (pictured).

15.12 / 10:29

companies FCA Woodford FSCS Woodford investors urged to join lawsuit against Hargreaves Lansdown

'Now that claims against Link will likely not be possible, the RGL Group’s claim against Hargreaves Lansdown is the only route for investors to claim the full redress they are owed.'

12.12 / 10:03

Citi Platform companies Amicus innovations 7IM snaps up City-based advice firm bringing AUM to £22bn

The purchase of Amicus Wealth brings 7IM's assets under management to approximately £22bn and brings the number of staff to more than 550.

11.12 / 15:47

companies Sky News Acquisition AssetCo St James's Place AssetCo eyes takeover of Somerset Capital Management funds

Martin Gilbert (pictured) is executive chair of AssetCo.

11.12 / 15:47

companies State Street State Street set to cut 1,500 jobs in repositioning effort

As of the end of the last year, the firm had 42,226 employees, meaning the cuts will represent a 3.6% reduction in employees.

11.12 / 09:33

companies AGM Hargreaves Lansdown consults on nine resolutions following AGM dissent

Shareholders expressed discontent but ultimately passed the investment platform’s performance share plan, as 74.5% voted for the proposal, with 25.5% voting against.

07.12 / 12:45

companies Results People moves AJ Bell AJ Bell reports 'strong' results with 50% jump in pre-tax profits

Michael Summersgill (pictured), CEO of AJ Bell

07.12 / 12:45

companies Unit trusts/OEICs SJP Redemptions Somerset Capital Management funds seek new home as firm set to close following SJP redemptions

The firm was co-founded by MP Jacob Rees-Mogg (pictured).

05.12 / 14:51

companies rebrand Marlborough rebrands business in 'ambitious' growth drive

Richard Goodall, Marlborough’s CEO (pictured).

05.12 / 14:51

companies equity Asset Managers fixed income multi-asset Premier Miton Premier Miton takes 60% profit hit as net outflows climb to £1.1bn

Mike O'Shea (pictured) is Premier Miton's chief executive officer.

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