Woodford invests fresh £4m into crowdfunding platform
Neil Woodford has backed online crowdfunding platform Seedrs with an extra £4m investment during its latest fundraising round.
Companies
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UPDATE: Peter Hargreaves to seed Blue Whale Growth fund
Co-founder of Hargreaves Lansdown Peter Hargreaves is set to invest £25m of his money into a new fund managed by former colleague Stephen Yiu.
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Peter Hargreaves seeds Blue Whale Global Focus fund
Co-founder of Hargreaves Lansdown Peter Hargreaves is set to invest £25m of his money into a new fund managed by former colleague Stephen Yiu.
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Unilever drives Train’s FGT to all-time high
Nick Train’s Finsbury Growth & Income Trust (FGT) has made a massive comeback in 2017, which the manager says is largely down to the failed merger between consumer goods giants Kraft Heinz and Unilever.
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Rathbones and S&W merger talks collapse
Merger discussions between Rathbones and Smith and Williamson have collapsed following a decision by the latter to attempt to list on the stock market.
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Hargreaves rolls out remuneration reforms as it awards CEO £2.2m
Hargreaves Lansdown stressed changes needed to be made to its current remuneration scheme, while also confirming that chief executive Chris Hill took home £2.2m in 2017.
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FTSE 100 – Royal Mail and Provident out; Berkeley and NMC Health in
Royal Mail and Provident Financial have been ejected from the UK’s top 100 listed companies following the index’s latest quarterly rebalance.
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Lombard Odier IM lags private client, fintech ventures
While the Swiss bank raked in higher assets during the first six months of the year, its asset management business lagged behind its private client and fintech offerings.
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JOHCM’s external research to cost £5m per annum
J O Hambro Capital Management (JOHCM) has joined the roster of investment managers who will pay for external research costs through their own profit & loss account, a move which will cost it an additional £5m per year.
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Tilney makes eleventh hour bid for Smith & Williamson
Tilney Group has reportedly submitted a last-minute bid for rival Smith & Williamson to derail its imminent merger with Rathbones.
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FTSE 350 pension deficit balloons to £62bn
The aggregate pension deficit of the UK’s top 350 companies accounted for 70% of total profits, a higher proportion than in the immediate aftermath of the global financial crisis.
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Provident Financial shares recover 20% after management shakeup
Provident Financial’s share price bounced back on Friday morning, after the group confirmed a management reshuffle in its consumer credit division.
