WPP urged to address keyman risk over Sorrell
WPP is facing shareholder pressure to offer a succession plan following the “inevitable” retirement of CEO Sir Martin Sorrell.
Companies
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Tilney’s ‘landmark’ acquisitions sees assets surge by 138%
Tilney closed 2016 with assets under management at £22.4bn after factoring in its acquisitions of Towry and Ingenious Asset Management.
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BNP Paribas IP reveals new name and ‘ambitious’ growth plan
BNP Paribas Investment Partners is set to undergo an “ambitious transformation” over the next three years with a rebrand and expansion plan in the pipeline.
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Analysts split on M&S’s prospects after plunge in profits
In light of Marks & Spencer’s full-year decline in profits, analysts are mixed on just how steep the group’s uphill battle will be and whether its revamp will have the desired effect.
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Watchdog scrutinises Standard Life/Aberdeen deal
A government watchdog has announced an investigation into the merger of Standard Life and Aberdeen Asset Management, to ensure it does not damage competition in the industry.
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PA ANALYSIS: Rivals under pressure as Woodford reveals all (again)
As Neil Woodford reveals the 50 companies held in his newly launched Income Focus portfolio, it once again throws into the spotlight the rarity with which this level of transparency occurs.
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Investec W&I rakes in £1.2bn of inflows
Investec Wealth & Investment (IW&I) grew funds under management (FUM) for the year ended 31 March 2017 to £54.8bn, buoyed by the rally in equity markets post-US election.
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HL chairman Evans to step down
Mike Evans, chairman of Hargreaves Lansdown, has announced he will be stepping down as soon as a successor has been identified.
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London-based DFM goes into administration
London-based discretionary manager Strand Capital has gone into administration, impacting around 3000 customers.
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PA ANALYSIS: Lloyds free from government shackles but still chained by Brexit
Lloyds may have paid back its debt to the UK government but its future is still chained to the Brexit outcome.
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Brewin Dolphin sees record inflows; talks low cost advice
Brewin Dolphin reported record inflows of £1.1bn into its discretionary funds over the last six months as it completed the acquisition of Duncan Lawrie Asset Management.
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EasyJet’s shares in a tail spin as Vodafone bucks up
A growing headline loss in easyJet’s interim report wreaked havoc on its share price, while UK equity income favourite Vodafone’s final results revealed it was in a better place to shake off the Brexit blues.
