Shire shares bounce back from deal price fears
Shares in Shire have jumped over 4% on Tuesday, reversing much of the 7% fall seen yesterday triggered by news it had reached a deal to acquire US peer Baxalta.
Companies
-
-
Aberdeen completes Parmenion deal
Aberdeen Asset Management’s acquisition of Parmenion Capital partners and its sister company, Self Directed Holdings is now complete, the firm announced on Tuesday.
-
Materials and industrials lead the way as M&A soars
The number of M&A deals completed in 2015 excelled with record returns for acquirers, according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM).
-
Julius Baer steps up UK push with five hires
Julius Baer has moved to increase its presence in the United Kingdom and Ireland by making five senior hires across its London and Dublin offices.
-
DeVere UK launches HNW division as part of business expansion
DeVere UK, part of the deVere Group, has launched a new High Net Worth division as part of a planned expansion to deal with a forecast 50% rise in business levels for 2016.
-
SLI slams Shell’s BG bid as ‘destructive’
Standard Life Investments has said it intends to vote against Royal Dutch Shell’s bid for BG group as it is ‘value destructive’.
-
Ford leaves Brewins amid Ex-Co shake-up
Stephen Ford, head of wealth and investment management at Brewin Dolphin has left the firm after 15 years following a significant management shake-up.
-
Unit trust division boosts Rathbones as markets weigh on AUM
Rathbone Brothers said total funds under management rose to £29.2bn at the end of December 2015, 7.4% higher than the prior year, helped by a strong showing from its unit trust division.
-
Rathbones keeping faith with Next despite share slump
Rathbones chief investment officer Julian Chillingworth said it is too early for any Next shareholders to be looking for the exit door despite a torrid day for the retailer.
-
DFM firm Portfoliometrix launches in Ireland
Discretionary fund management firm Portfoliometrix has launched in Ireland, with an office in Dublin.
-
M&G, Schroders to remain members, IA confirms
The Investment Association has confirmed that Schroders and M&G will retain their membership of the association in order to have a say in its future direction.
-
Asset managers ignore digital distribution at their peril – EY
When it comes to a move toward electronic fund distribution, for the asset management sector, change is mandatory, says EY.
