Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors but how many of them will continue to invest in the life insurer’s “neglected” business when it lists?
Prudential has confirmed it plans to spin-out its UK investment and savings arm, creating two separate listed businesses.
Brooks Macdonald saw its profits all but wiped out after setting aside more cash to cover legacy issues related to its acquisition of Spearpoint Capital.
Celebrity fund manager Neil Woodford has been forced to cut his stake in Atom Bank after suffering more than £1bn in client redemptions this year.
Neil Woodford sold out of AJ Bell just before the broker and platform provider confirmed plans to float on the London Stock Exchange.
Another Neil Woodford-majority owned firm has announced plans to float as the heavy-weight manager nears the regulator’s 10% limit on unlisted holdings.
Legal & General’s asset management arm neared £1trn in assets under management last year, after taking £44bn worth of external net inflows.
Jupiter Asset Management CEO Maarten Slenderbroek has said “we can and must do better” on eliminating its 38% pay gap between male and female employees.
Just Eat saw roughly £600m wiped from its stock market value after it unveiled a £76m statutory loss in its annual results.
Three former Tesco executives are facing a retrial over a £250m accounting scandal after one of the defendants suffered a heart attack.
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.
Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.
