Seven Investment Management has agreed to takeover Tcam Asset Management in a bid to enhance its active management capabilities despite the Scottish firm last year expressing caution about merging with another company.
Old Mutual Global Investors CEO Richard Buxton has denied staff exits, lacklustre performance and pressure to cut costs ahead of the single strategy spinout signal a shift in focus away from fixed income when the firm launches mid-year.
Standard Life Investments has added an oil majors versus global equities strategy to its Global Absolute Return Strategies to exploit rising commodities prices.
Jes Staley has been slapped with a fine in excess of £600,000 for a breach of conduct in his attempts to uncover a 2016 whistleblower.
Old Mutual Global Investors CEO Richard Buxton has slammed the cost of predominantly male boards to shareholders as he blames a lack of diversity for poor corporate decision making.
BT’s plan to become a leaner business through aggressive cost cutting and staff redundancies was not well received by markets on Thursday, as investors remained dubious of the telecom giant’s long-term prospects.
Capita’s share price has fallen 38% after the firm admitted more than one billion shares to the London Stock Exchange.
Donald Trump’s decision to walk away from the Iran nuclear agreement has left investors pondering the short-term prospects for the recovering oil and gas sector.
Donald Trump’s decision to walk away from the Iran nuclear deal has seen the oil price take off, as political tensions in the Middle East look set to increase.
Janus Henderson has added two investment analysts to its European equities division following a number of senior departures.
Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn contract, arguing that there are no material competition concerns.
Weak Q1 GDP data and comments from Mark Carney have seemingly put the kibosh on a May rate hike, but the Bank of England’s trajectory is far from certain. Portfolio Adviser asked fixed income analysts and managers whether they think the BoE will begin tightening or hold off.
