‘Future starts here’ for UK fund favourite Unilever as Sky falls
Unilever turned out decent sales growth in the first quarter, while fellow takeover target Sky delivered lower profits.
Companies
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Hermes blasts Rio Tinto for lack of female directors
Ahead of Rio Tinto’s AGM, Hermes Investment Management recommends voting against the re-election of chair of the mining company’s nominations committee, Jan du Plessis.
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Investors hail Tesco in spite of gloomy results
Investors have welcomed Tesco’s results as a sign the supermarket giant is “back on track”, even though it reported a 28% profit drop and a pension deficit two times higher than the previous year.
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Premier reaches £5.5bn AUM
Premier Asset Management has posted a 22% increase in assets under management (AUM) as it releases its Q2 trading update, bringing total AUM to £5.5bn.
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Barclays shares resilient as boss sanctioned in whistleblower case
Shares of Barclays are marginally higher this morning in spite of news its chief executive was being reprimanded for his role in a City whistleblower case.
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Gloves are off as Swiss activist blasts ‘failing’ GAM
Swiss activist investor RBR Capital Advisors has called for a radical restructure of GAM, including the removal of its current CEO and several board members.
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Standard Life considering post-Brexit Dublin move
Standard Life is considering moving its European hub to Dublin as it prepares for the UK to pull out of the EU single market, the firm’s chairman Gerry Grimstone has said.
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EQ Investors joins DISCUS’ range of DFMs
The Adviser Centre-owned DISCUS has added EQ Investors to its database of discretionary managers.
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IP darling of Woodford and Invesco Perpetual in turmoil
Allied Minds, an intellectual property company that Neil Woodford has sunk millions into has seen its share price tank after revealing the business requires a major overhaul.
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Canaccord Genuity: Schroders ripe for M&A
Asset manager Schroders and derivatives firm IG Group Holdings made Canaccord Genuity Wealth Management’s list of attractive targets for foreign companies.
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Dalton Strategic Partnership buys £184m investment boutique
Private wealth manager Dalton Strategic Partnership is to acquire long/short investment manager MSK Capital Partners for an undisclosed sum.
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WH Ireland’s discretionary assets hit £1.1bn
WH Ireland’s discretionary assets have grown 8% to £1.1bn, while the firm has begun transitioning admin and custodial duties to tech platform SEI.
