Hargreaves Lansdown offers to run Lloyds share sale
Hargreaves Lansdown has offered to run the sale of the government’s Lloyds Banking Group shares to the public for free.
Companies
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Deutsche Bank profits surprise by rates, litigation continue to weigh
Deutsche Bank posted a net profit of €278m for the third quarter, beating analyst expectations and keeping the wolves at bay, for now.
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Barclays shares climb on profit spike
Shares in Barclays climbed on Thursday after the bank reported third quarter profits up 35% on last year to £837m.
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Henderson reports £1bn net retail outflows
Henderson Group has reported a £1bn net outflow from its retail business during the third quarter due to an immediate rotation out of European assets following the EU Referendum.
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Lloyds shares slip with investors unconvinced by its PPI claim
Shares in Lloyds Banking Group slipped on Wednesday morning as the bank updated the market on its third quarter performance and its progress in dealing with the long-running payment protection insurance scandal.
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SJP reaches record £71bn FUM
Shares in St James’s Place jumped 3.3% to 980p during the opening minutes of trading following reports of its healthy year-on-year growth in funds under management.
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BAT to buy rest of Reynolds American
British American Tobacco (BAT) has made an unsolicited $47bn (£38.5bn) offer for full control of Reynolds American in a deal that would create the world’s largest tobacco company by sales.
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US asset manager Cohen & Steers initiates UK push
American asset manager Cohen & Steers has initiated a fresh push into the United Kingdom investment market and plans to launch two new funds as part of the effort.
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Brooks Macdonald names new CEO as it reports FUM rise
Brooks Macdonald has announced Caroline Connellan will be taking the reins from co-founder and outgoing chief executive Chris Macdonald in April 2017 when she is appointed group chief executive, subject to regulatory approvals.
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Travis Perkins slashes jobs as Reckitt misses Q3 growth target
The market responded harshly to the third quarter announcements made by Travis Perkins and Reckitt Benckiser Wednesday, causing shares in the companies to topple 6.9% to 1384.5 and 2.3% to 7156.5p, respectively.
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Amundi confirms Pioneer bid, denies €4bn price tag
French asset management firm Amundi has confirmed its interest in buying Pioneer Investment from Italian bank UniCredit but denied the €4bn (£3.6bn, $4.4bn) bid offer reported in the media.
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Credit Suisse sets up wealth firm in Channel Islands
With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
