Woodford boosted by soaring healthcare stock
A Neil Woodford-backed healthcare stock climbed 114% on Tuesday.
Companies
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LGIM targets 10% growth over medium term
Legal & General Investment Management (LGIM) is expecting to deliver operating profit growth of between 8% to 10% per annum over the medium term.
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FSCS names eight failed advice firms
Clients of eight failed advice firms can get their money back after the UK compensation scheme added them to its list of firms in default.
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Rathbones deal for Speirs & Jeffrey could reach £250m
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
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M&G senior GEM manager steps down
M&G has announced that it will be losing one of its key emerging markets managers, Matthew Vaight.
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BT ousts Patterson to appease shareholders
BT has ousted CEO Gavin Patterson in a bid to win back disgruntled shareholders in light of the telecom giant’s dire share price performance.
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Invesco forges adviser links with Intelliflo deal
Invesco has entered a direct relationship with advisers with the purchase of back-office software provider Intelliflo for an undisclosed sum.
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Netwealth appoints two shareholders to board
Wealth manager Netwealth Investments has appointed two of its shareholders, Edward Bonham Carter and Merryn Somerset Webb, as non-executive directors.
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RBS share sale a boon for recovery investors
The government’s decision to sell 7.7% of its shares in Royal Bank of Scotland (RBS) will give the beleaguered bank’s financial health a much-needed vote of confidence which should sit well with recovery investors, according to analysts.
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Mattioli Woods suspends DB transfer advice service
Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.
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Unloved UK: the eight most-shorted domestic stocks
In an already unloved market, which listed-British mainstays have fallen the most out of favour so far this year? Portfolio Adviser takes a look at Canaccord Genuity Wealth Management’s annual Get Shorty report.
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Schroders and Miton back Sorrell’s return from misconduct ordeal
Schroders and Miton are believed to be among the shareholders backing Martin Sorrell’s comeback to the London stock market weeks after his resignation from WPP amid personal misconduct allegations.
