Invesco to slice AJ Bell stake at IPO
Invesco Perpetual is expected to cut its 44% stake in AJ Bell, alongside second-largest shareholder Andy Bell, to make it easier for smaller investors to get in on the firm’s IPO.
Companies
-
-
Fixed income drives 55% increase in RLAM inflows
Royal London Asset Management (RLAM) reported a 55% increase in external gross inflows to £10.4bn in 2017, up from £6.7bn in 2016.
-
Aberdeen Standard Investments sues Provident Financial
Provident Financial is embroiled in a legal battle with Aberdeen Standard Investments, one of its largest investors, over an FCA probe into its troubled credit card unit Vanquis Bank.
-
Silchester ups stake in Jupiter to 12%
Silchester International Investors has upped its stake in Jupiter Asset Management to just above 12%.
-
Aviva taints reputation with pref share ‘debacle’
Aviva has backtracked on a decision to cancel £450m of preference shares after a wave of criticism from the industry, but it could be too late to avoid damaging its reputation.
-
US buyer looking to snap up Hermes
A US asset manager is on the brink of announcing a £400m takeover of Hermes Investment Management.
-
Aberdeen Standard strikes funds deal with Virgin Money
Aberdeen Standard Investments (ASI) has entered a strategic joint venture to provide asset management services for Virgin Money’s £3.7bn assets under management.
-
Harwood acquires Southampton-based IFA
Harwood Wealth Management has continued its buying spree with the purchase of Southampton-based IFA AE Financial Services from its parent company for £4.6m.
-
Housebuilders suffer after Berkeley production warning
UK housebuilders experienced a sell-off today after Berkeley Group Holdings warned it would not be able to boost production to meet the government’s demand for new homes.
-
IFA support firm SimplyBiz to float next month
SimplyBiz is floating on the London Stock Exchange’s Alternative Investment Market (Aim) next month.
-
IFAs among 24 firms FSCS declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
-
Unilever rejects London for Netherlands HQ
Unilever has chosen to relocate its headquarters from London to Rotterdam but insisted Brexit played no part in its decision.
