Companies Financial News

19.10 / 07:41

companies Results Aum AJ Bell Platforms AJ Bell sees £4.2bn net platform inflows against 'challenging' backdrop

AJ Bell chief executive Michael Summersgill (pictured).

18.10 / 14:43

companies liontrust outflows Premier Miton Ashmore Peel Hunt reiterates Liontrust 'Buy' rating despite £1.6bn quarterly outflows

Liontrust’s current valuation 'does not reflect the strength of the core franchise and we believe there is re-rating potential when flows stabilise'.

18.10 / 10:05

companies liontrust GAM multi-asset Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount

Liontrust CEO John Ions

18.10 / 10:05

UPS CEO Platform companies exclusive Platforms Q3 Quilter core inflows plummet to just £1m in Q3

Quilter CEO Steven Levin

17.10 / 14:33

Asia companies Middle east St James's Place place St James's Place keeps exit fees for Asia and Middle East products amid sweeping UK overhaul

The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules.

17.10 / 08:13

companies FCA Wealth Management Consumer Duty assessment of value St James's Place place regulatory St James's Place overhauls fee structure after regulatory pressure

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

16.10 / 14:59

Asia companies emerging markets strategies Number of managers with global emerging markets ex-China strategies rises fifteenfold in six years

'The emergence of credible GEM ex-China strategies provides investors with a new way to approach emerging markets investing,' said Robert Doyle, senior director at bfinance.

16.10 / 12:19

Europe M&A companies Abrdn Acquisition private equity abrdn to sell European private equity business for £60m

Stephen Bird (pictured) has been CEO of abrdn since September 2020.

16.10 / 08:07

companies Investment trusts People moves Premier Miton Investors Nick Greenwood joins Asset Value Investors to continue managing MIGO Opportunities trust

Nick Greenwood (pictured) will join AVI on 18 December following the appointment of Asset value Investors as investment manager of the MIGO Opportunities trust.

13.10 / 08:11

regulation fees companies Financial Services Wealth managers financial conduct authority Consumer Duty reform place regulatory St James's Place under regulatory scrutiny to reform fee structure - reports

A former employee said regulators have been pressuring SJP for almost a decade to overhaul its fee structure.

13.10 / 08:11

companies emerging markets outflows Ashmore Q3 Ashmore outflows mount as AUM drops 8% in Q3 2023

Ashmore said net outflows had been at a 'similar level to the prior quarter', crediting continued institutional risk aversion.

12.10 / 15:41

UK companies Results outflows MPs Brooks Macdonald funds business hit by outflows as MPS platform grows

UKIM discretionary funds under management grew 0.6% over the quarter, with positive net flows driven by the firm’s MPS platform.

12.10 / 15:41

regulation UK companies Financial Services Wealth managers Unit trusts/OEICs Woodford investors to vote in single class as scheme of arrangement vote delayed

The scheme meeting and vote has been delayed to 13 December 2023.

12.10 / 13:27

goldman sachs Money laundering companies Lawsuit industry settlement Goldman Sachs sues Malaysia over 1MDB scandal settlement - reports

In 2020, Goldman Sachs agreed to pay the Malaysian government $2.5bn in settlement for its involvement in the multibillion-dollar embezzlement scheme.

11.10 / 16:25

UK companies Metro Bank Metro Bank bondholders approve refinancing deal

More than 75% by value have backed the deal.

11.10 / 14:02

IPO Europe PwC US companies listings IPO activity shows potential for 'thawing' in 2023

The London Stock Exchange remained dominant on the European market throughout both 2023 and Q3

11.10 / 14:02

companies Unit trusts/OEICs Odey AM People moves Odey Odey AM's Geoffrey Marson and Odey Opportunity fund move to Canaccord Genuity

The LF Odey Portfolio has closed while the Odey Swan fund is in the process of closing, the asset manager added.

10.10 / 17:23

regulation companies Financial Services Wealth managers Asset Managers Fund managers Link Fund Solutions hearing Link Fund Solutions first court hearing extended as parties clash over class meetings

One of the key issues raised on behalf of retail investors was the potential for FSCS compensation, which would not be available to institutions or intermediaries.

10.10 / 15:21

companies private equity Numis Private assets UK Companies regulatory Regulatory tailwinds boost private equity appetite for UK companies

Financials and industrial-related assets across public and private markets were thought to be the most active and competitive sectors.

10.10 / 14:35

companies private equity Numis Private assets UK Companies Numis: UK companies preferred by private equity investors

Financials and industrial-related assets across public and private markets were thought to be the most active and competitive sectors.

10.10 / 10:31

companies Interest rates Foresight Group infrastructure Foresight Foresight Capital Management hit by rising rates as assets drop 27%

Bernard Fairman, Foresight Group chair, highlighted strong inflows into higher margin retail products, which attracted £159m during the last six months.

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