Premier AM confirms £140m IPO
Premier Asset Management has confirmed its IPO with existing shareholders, including Electra Partners, set to retain a controlling 54.4% of the business.
Companies
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Post-Brexit Freedom of movement of increasing concern for asset managers – EY
Freedom of movement for staff is of increasing importance to asset managers in a post-Brexit world, EY has said.
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Schroders/Cazenove to acquire C. Hoare & Co’s WM arm
Schroders-owned Cazenove Capital Management is to acquire C. Hoare & Co’s wealth management business, with the deal set to complete in Q1 2017.
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Henderson/Janus merger highlights increasing need for scale
The ink is not dry and already commentators are hailing the merger of Henderson Global Investors and Janus Capital as an example of what is to come.
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Henderson takes on Janus in $320bn merger
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn assets under management and a market capitalisation of approximately $6bn.
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Argos acquisition takes sting out of Sainsbury’s sales slip
Although Sainsbury’s posted a 0.4% decline in total retail sales, Argos was able to weather the tough retail environment, giving investors hope for Sainsbury’s new growth initiatives.
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Miton’s UK value fund outflows hurt AUM
Miton said in its interim results statement that outflows from its UK Value Opportunities fund during the second quarter ‘more than offset’ its first quarter asset accumulation.
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OMW denies shelving IPO over platform costs
Old Mutual Wealth has denied reports that it is looking at cancelling its planning listing on the London Stock Exchange due to runaway costs of upgrading the technology behind its platforms.
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Brooks MacDonald grows FUM despite Brexit headwinds
Brooks MacDonald rang in its 25th anniversary with higher funds under management and profits for the year ending 30 June 2016, overcoming “significant headwinds.”
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WH Ireland shares slump despite Kuwaitis confirming 23% stake
WH Ireland shares lost most of the ground secured yesterday, falling 11.5% to 112.8p during morning trading, despite Kuwaiti European Holding confirming its acquisition of a stake in the firm.
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WH Ireland shares soar as it confirms Kuwaiti investors link
WH Ireland shares soared after the City broker confirmed rumours that Kuwaiti European Holdings was looking to acquire a stake in the business.
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Premier AM explores £200m LSE listing
Premier Asset Management has hired stockbrokers to look into the possibility of listing on the London Stock Exchange, according to media reports.
