Woodford-favourite Spire misses the mark as CFO resigns
Another of Neil Woodford’s majority-owned holdings, Spire Healthcare, stumbled on Friday as it reported weaker earnings and announced its CFO had stepped down.
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Author: Kristen McGachey
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Transact receives premium listing in £650m IPO
Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.
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Have European and UK equities lost their lustre?
In what was a dismal month for markets generally, the UK and European equities were the pits, making up the five worst performing Investment Association sectors for February. But have the asset classes lost their lustre?
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Jupiter ‘boringly concludes’ it doesn’t need to be acquired
Jupiter Asset Management does not need to be acquired, CEO Maarten Slenderbroek has reiterated, but acquiring “talented” businesses in specific areas is not out of the question either.
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Provident Financial’s shares rebound 75% after FCA settlement
After touching a 22-year low on Monday, Provident Financial’s share price spiked massively on Tuesday morning, reaching a six-month high of 1,075p, as it resolved one of its investigations with the Financial Conduct Authority (FCA).
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Woodford favourite Provident Financial’s shares slink to 22-year low
Provident Financial’s shares have sunk to their lowest point since 1996 as rumours swirled that the firm might include a £500m rights issue in its annual results.
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Deutsche Bank confirms €2bn float of asset management arm
Deutsche Bank has confirmed plans to list its asset management division DWS for €2bn on the Frankfurt Stock Exchange.
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Phoenix is the real winner of SLA deal
Standard Life Aberdeen hailed its decision to ditch its insurance roots as “a major step” on the road to becoming a “world-class investment company”, but analysts suggest that Phoenix is the real winner here.
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RBS breaks nine-year string of losses with £752m profit
RBS has returned its first bottom-line profit in 10 years, despite City analysts predicting the bank’s string of losses would continue.
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Hermes EOS targets VW and Rio Tinto on climate change and diversity
Volkswagen and Rio Tinto are among the firms Hermes EOS team will be targeting on issues like climate change, board diversity and executive pay ahead of this year’s AGM season.
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Barclays’ shares up 5% despite £2bn loss
Barclays’ shares took off as markets opened on Thursday as the prospect of doubling its dividend took away the sting of its almost £2bn loss.
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Rathbones eyes financial planning expansion as it nears £40bn FUM
Rathbone Brothers is planning to develop its financial planning proposition more aggressively this year after nearing its target of £40bn funds under management.