Clock ticking for OMGI bids
A deadline for bids to buy out Old Mutual’s asset management arm has given firms two weeks to enter submissions, Reuters has reported.
Companies
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Axa IM in rumoured merger talks
Axa Investment Managers’ (IM) parent company is considering putting it forward for a merger, a report has suggested.
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‘Mad’ bond demand a sign of extreme times
Wealth firm Andrews Gwynne has branded demand for some bond products “mad” and a sign of how extreme markets have become.
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Market abuse suspected in Rathbones 10% stock fall
Rathbones is investigating possible market abuse that is suspected of sparking a fall in its share price today.
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Volatility fears see wealth boutique eye 30% cash holdings
The likelihood of lower returns and higher volatility has seen newly-founded wealth boutique, Lockhart Capital Management, unveil a new strategy which could see cash holdings rise substantially, according to head of investment, Andrew Wilson.
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When is Godfrey’s People’s Trust IPO?
Daniel Godfrey’s The People’s Trust released an offer for subscription on Friday but the initial placement offer (IPO) will not happen until the 17 of October.
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Now or never for VCT investors as fundraising spree continues
Mobeus Income & Growth is the latest venture capital trust (VCT) to launch a fundraising this week but keen investors should dive in before the well dries up.
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Woodford apologises for ‘incredibly painful’ underperformance
Neil Woodford has spoken out about his fund’s “incredibly painful” recent underperformance and promised to recover the capital lost in a newly released in-depth interview.
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Barratt’s shares down despite generous dividend hike
Shares in Barratt Developments took a tumble despite a set of solid full year results, including a 39% increase in its final dividend and another special dividend.
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Barratt’s shares down despite generous dividend hike
Shares in Barratt Developments took a tumble despite a set of solid full year results, including a 39% increase in its final dividend and another special dividend.
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Baillie Gifford cuts AMCs across onshore and offshore fund ranges
Baillie Gifford has reduced annual management charges across its range of UK Oeics and Irish Ucits funds, with effect from 1 October 2017.
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Mattioli hungry for more M&A as revenue hits £50m
Mattioli Woods’ total revenue broke through the £50m mark in 2017, as the specialist wealth manager confirmed that M&A remains a “core part of its growth strategy.”
