Companies Financial News
10.10 / 10:31
companies
funds
Alternatives
private markets
Fidelity International
Brown Shipley parent partners with Moonfare to expand private markets access
Initially, clients will be offered private equity and infrastructure strategies selected and approved by Quintet Group.
09.10 / 14:51
UK
companies
Odey Asset Management
Odey
Odey Wealth Management to be shut down
Odey Wealth was set up in Guernsey in 2008, opening its London office in 2010, to provide investment advice to clients.
09.10 / 14:51
property
companies
Evergrande investors 'left in the dark' as restructuring plans scrapped
“It is difficult to believe that [the regulator] would actually stop a distressed company from restructuring,” the group said.
09.10 / 11:19
companies
FCA
Acquisition
Link Fund Solutions
Waystone Group completes acquisition of Link Fund Solutions
All existing LFS UK investment managers and sponsors have transferred over to Waystone and, with the merger of KB Associates completed in September, the company is now looking after more than $2trn in assets.
09.10 / 07:57
regulation
UK
companies
HM Treasury
Chancellor Jeremy Hunt
UK manufacturers urge Chancellor Jeremy Hunt to scrap Autumn Statement
Chancellor Hunt is due to deliver the Autumn Statement on 22 November, to be accompanied by an Office for Budget Responsibility forecast.
09.10 / 07:57
companies
Aum
equities
fixed income
private markets
Impax AM assets drop 5.8% on quarterly outflows and market movement
CEO Ian Simm said the uptick in assets under management during the financial year continued to show “resilience” despite the sustained market volatility.
06.10 / 08:21
HSBC
UK
companies
Financial Services
Treasury
Sky News
NatWest
HM Treasury
Metro Bank
Metro Bank under BoE and Treasury scrutiny as it sounds out potential mortgage book sale - reports
This would add to the potential equity and debt raising that is being targeted by the bank in order to refinance a £350m MREL debt due next year.
06.10 / 08:21
companies
funds
AssetCo
stake
AssetCo to sell stake in River and Mercantile's infrastructure business
Chair Martin Gilbert (pictured) said the sale delivers a «much-simplified» group.
06.10 / 08:21
05.10 / 14:13
Bank of England
UK
companies
financial conduct authority
Sky News
Metro Bank
Metro Bank urgent fundraise plans spark sharp sell-off
The bank said it continues to consider «how to best enhance its capital resources, with particular regard to the £350m senior non-preferred notes due in October 2025.
05.10 / 13:27
Bank of England
UK
companies
financial conduct authority
Sky News
Metro Bank
Regulators summon Metro Bank chiefs amid sell-off sparked by urgent capital raise - reports
The bank said it continues to consider «how to best enhance its capital resources, with particular regard to the £350m senior non-preferred notes due in October 2025.
04.10 / 10:25
IPO
companies
financial conduct authority
London
Q3
IPOs
London IPOs drop to just five in Q3 2023
Of the five IPOs in Q3 2023, two listed on the main market, raising £346.5m in total, while the Alternative Investment Market had three admissions raising £13.3m.
04.10 / 10:25
companies
Unit trusts/OEICs
Odey AM
Odey
Link Fund Solutions
Link Fund Solutions rebrands Odey AM and Brook AM funds following transfer
Effective from 15 September, the LF Odey Opus has become the LF Lancaster Global Equity; the LF Brook Continental European has been renamed to LF Ardtur Continental European; and the LF Brook Absolute Return changed to LF Lancaster Absoluter Return.
03.10 / 15:17
03.10 / 14:19
Reuters
Venture Capital
companies
Abrdn
Alternatives
private equity
Boutique
abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique
abrdn said the sale underlines its commitment to exit non-core businesses that 'no longer align to its overall offering or product strategy'.
03.10 / 14:19
Climate change
companies
ESG
Premier Miton
ESG Trends
Investors overseeing £1.8trn in assets call for AGM votes on climate transition plans
The intervention by investors comes against the backdrop of increasing focus from government and regulators around climate transition planning.
02.10 / 14:21
Morningstar
companies
AJ Bell
share price
Stock Spotlight: SocGen share price revival hopes flounder as fresh strategy disappoints
The plan targeted a cost-to-income ratio of less than 60% to boost profits by 2026.
02.10 / 08:12
02.10 / 08:12
companies
Acquisition
AssetCo
AssetCo completes £4.1m acquisition of Ocean Dial Asset Management
Martin Gilbert (pictured) is chair of AssetCo.
27.09 / 16:19
companies
Odey Asset Management
Odey Wealth and Brook AM parent companies change registered address to founder's Chelsea house
The two companies are part of the corporate ownership network of Crispin Odey’s businesses.
27.09 / 10:55
companies
People moves
liontrust
GAM
NewGAMe
shareholders
GAM shareholders approve new board at EGM
The shareholder group along with Rock Investment SAS, entered into an agreement with GAM to provide financing for the asset manager following the collapse of the Liontrust deal.
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