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.
Companies
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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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Axa IM boosts AUM 4% despite €50bn outflows
Axa Investment Managers saw a 4% increase in assets under management (AUM) last year, despite €48.5bn total net outflows from its joint venture (JV) businesses.
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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.
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RBS’ shares wobble after report confirms ‘gruesome culture’ of GRG
Shares in RBS wobbled slightly after an unredacted report by the Financial Conduct Authority (FCA) into its now infamous Global Restructuring Group (GRG) revealed its unfair treatment of customers was more widespread than the bank let on.
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Lloyds hands £1bn to shareholders after ‘landmark year’
Lloyds Banking Group has promised a £1bn share buyback, following a “landmark year” which saw it return to private ownership and profit rise 24%.
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HSBC’s shares slide as profits miss expectations
HSBC has reported its 2017 full year profits were 11% higher than the previous year but this still fell short of analyst expectations.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
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City of London IT underperforms after Provident Financial hit
City of London Investment Trust failed to beat the FTSE All-Share Index over the half-year, as Provident Financial and a low exposure to the mining and oil sectors weighed heavy on performance.
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Standard Life Aberdeen shares hit as Lloyds bids adieu
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
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GKN pledges £2.5bn to shareholders to keep £7bn takeover at bay
GKN has promised to return £2.5bn in cash to shareholders over the next three years to defend itself against a £7bn hostile takeover from Melrose Industries.
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Old Mutual Wealth picks up £40m IFA
Old Mutual Wealth Private Client Advisers has acquired Wiltshire IFA A&M Financial Services.
