Is Liontrust a target for M&A? Stock upgraded to ‘buy’ in wake of GAM offer collapse
Peel Hunt analysts said further deals could be possible with Liontrust as ‘predator or target’
Companies
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Liontrust CEO accused of spreading ‘false rumours’ which ‘border illegality’ ahead of GAM offer deadline
Investor group NewGAMe has raised a complaint to the Swiss Takeover Board
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A blow to ‘lopsided’ LSE: Arm makes ‘valuation driven’ call on Nasdaq IPO
The British chip designer has shunned a listing in its home market
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GAM dismisses Rock’s ‘insufficient’ alternative financing plan
Rock suggested the asset manager issue a £22m convertible bond
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Advised platform net sales hit all-time low
As outflows rise to their highest quarterly level
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Aviva Investors net inflows hold at £200m but platform flows halve
Platform flows have fallen from £2.4bn to £1.2bn over one year
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AssetCo granted FCA approval for Ocean Dial acquisition
Deal for the £145.7m India Capital Growth Fund manager still requires consent from Indian regulators
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LGIM profits and AUM slide as rate hikes take a toll
The firm reported operating profit of £142m for the first half
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Retail investors to challenge Credit Suisse-UBS merger
‘Takeover of the second largest Swiss bank had the character of horse trading’
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GAM cancels EGM on investor proposals after ‘vexatious’ withdrawal
The meeting was planned to give shareholders a vote on proposals made by Rock Investment
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GAM rejects investor group’s EGM delay request
Board ‘determined’ to go forward as planned despite Liontrust offer period extension
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Quilter profits jump 25% as it expects to deliver ‘cost-saving’ plan a year early
While AUM ticked up 2% in first half