GAM: Asset manager’s losses spiral after Liontrust deal collapse March 27, 2024 Swiss asset manager GAM has reported heavy losses in its annual results, after a tumultous year that saw its potential takeover by Liontrust crash and burn. Investors pulled billions from the embattled asset manager throughout the year, leading to lower revenues from fees for a company that was already in poor shape to begin with. [...]
City set for takeover battle as rivals enter bidding for DS Smith March 27, 2024 A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
Out-of-pocket Bidstack investors vow to take action after execs buy AIM-listed firm out of administration March 27, 2024 Angry investors in AIM-listed Bidstack are preparing regulatory complaints and plotting legal action after the company’s top brass bought the firm out of administration.
Blackrock boss Larry Fink warns of looming ‘retirement crisis’ for global pension savers March 26, 2024 The boss of the world’s biggest asset manager Blackrock has warned of a looming “crisis” for global pension savers today as he called on global leaders to rethink the “conception of retirement”.
Life Science REIT slashes dividend after value of portfolio sinks March 26, 2024 Life Sciences REIT has halved its dividend for 2023 after the value of its portfolio fell considerably throughout the year.
FCA clamps down on ‘finfluencers’ hiding financial risks in their content March 26, 2024 The Financial Conduct Authority has issued new rules to clamp down on financial influencers, or ‘finfluencers’, hiding the risks of the products they’re promoting. In a report today, the FCA laid out details on how finfluencers and companies on social media should be appropriately including the risks of the products they’re promoting, while also not [...]
Goldman Sachs-backed Petershill’s fee earnings hit by dealmaking slump March 26, 2024 Petershill Partners has posted a drop in earnings from its partner firms' fees amid a "challenging external backdrop" as higher interest rates stifled dealmaking last year.
British investors buck trend and pour more money into UK equities March 26, 2024 UK investors have changed their tune on the British stock market, with the number holding UK equities having jumped by 10 per cent over the last three months. In Etoro’s Retail Investor Beat, which surveyed 1,000 UK investors, 80 per cent said they now have cash in UK equities, the highest level in over a [...]
The UK’s biggest ISA pots revealed March 25, 2024 The UK’s biggest ISA pot is worth over £11.6m, according to new data from HMRC revealed in a Freedom of Information request.
Bumper buybacks and ‘attractive’ dividends boost UK’s world-leading shareholder yield March 25, 2024 UK fund managers are seeing a "material boost" from bumper share buybacks, according to broker Hargreaves Lansdown, as investor returns rebound from a pandemic slump.