Infamous bear Odey’s assets plummet to $5.5bn
Crispin Odey’s firm has seen its total assets more than halve over the last two and a half years, as his flagship European long-short vehicle continues to leak money.
Companies
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Lloyds posts 141% profit increase
Lloyds has reported pre-tax profit was 141% higher in Q3 of this year than in the same period last year in results that hailed the “resilient” UK economy.
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Nordic pensions firm buys Skagen
Skagen Funds has been acquired by Nordic long-term savings and pensions firm the Storebrand Group, a move which it says will broaden its product offering.
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Brooks Macdonald to combine fund group and investment arm
Brooks Macdonald Group has announced it will incorporate its funds business with its UK investment management arm.
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SJP unveils Japan fund; sees 42% surge in inflows
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
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Fidelity Investments tackle workplace harassment claims
Fidelity Investments has been caught up in claims of workplace sexual harassment and lost two of its top fund managers according to reports published on Sunday.
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Aussie firms enter £550m OMGI bidding war
Two Australian investment firms, Challenger and Macquarie, are among the lead bidders for a £25bn piece of Richard Buxton’s Old Mutual Global Investors, Sky News has reported.
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Mining propels UK dividends to £28.5bn in Q3
Dividends paid by UK companies rose 14.3% to hit £28.5bn in the third quarter of 2017, which is a record payout for the quarter and the third largest quarterly total ever, according to Capita Asset Services.
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Antipodes Partners: Why we’re shorting Tesla
Investors are taking a “big leap of faith” by backing US electric vehicle manufacturer Tesla, the chief investment officer at Antipodes Partners has said.
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Unilever’s ‘highly-rated shares’ stumble as Q3 sales disappoint
Unilever’s shares were shaky as it revealed a poor set of third quarter results, which failed to live up to analysts’ expectations.
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Woodford buys media giant ITV
Neil Woodford has added media giant ITV to his income focus fund claiming its current value is an “attractive entry point”.
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LSE boss Rolet to depart by end of 2018
Xavier Rolet will step down from his role as chief executive of the London Stock Exchange Group by December 2018 after nine years at the helm of the organisation.
