Liontrust braces for £1.5m Mifid hit
Liontrust has warned investors to expect up to a £1.5m hit to revenues from its decision to absorb research costs under incoming Mifid II regulation.
Companies
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Woodford: Prothena conviction ‘as strong as ever’
Neil Woodford has doubled down on his conviction to Prothena and has accused the market of coming to the wrong conclusion on the success of its lead drug.
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Housebuilders’ shares tumble as Hammond vows to curb ‘land banking’
Shares across Britain’s biggest housebuilders were hit in the wake of Philip Hammond’s threat to crack down on the developer practice of “land banking.”
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Fundhouse to provide full MPS for Kent adviser
Fundhouse has been drafted in to provide a full model portfolio service to advisory firm Courtney Havers, responsible for its investment process and fund selection.
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Train fends off Unilever critics
Nick Train has defended one of his top-held stocks, Unilever, from critics after its share price wobbled throughout October.
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EasyJet shares up after results reveal £5bn revenue
Budget airline EasyJet has bounced back from a troubled year in its industry, posting record passenger numbers and more than £5bn in revenue.
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Patience running out for Woodford trust as largest holding hit
This week has brought more bad news for Neil Woodford’s Patient Capital Trust, as shares in his largest holding Prothena tanked.
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RBS to launch robo-advice proposition
The Royal Bank of Scotland (RBS) is preparing to launch a robo-advice service for more than five million customers.
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LGIM enters ETF space with platform acquisition
Legal & General Investment Management has made its first move into the ETF market, acquiring a European-focused platform.
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Old Mutual Wealth drops name in favour of Quilter
Old Mutual Wealth is to be renamed Quilter PLC once its managed separation from the wider Old Mutual group completes next year.
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Tesco/Booker deal approved but shareholder push back likely
Tesco has been given the green light to proceed with its takeover of wholesaler and convenience store owner Booker, but whether it has the backing of major shareholders remains unclear.
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Former Jupiter director makes first hire in private equity role
Ardenton Capital has announced one of the first hires at its recently-opened London office headed by former Jupiter director, Louis Wood.
