Barclays earmarks £800m for forex fines
Barclays has set aside £800m to cover potential fines relating to manipulating foreign exchange markets, it revealed today.
Companies
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Alliance Trust saga ends with Elliott on top
The battle between the Alliance Trust board and major shareholder Elliott Advisors has been brought to an end before tomorrow’s AGM in favour of the US activist firm.
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Holborn assets enters uk with two new offices
Dubai-based financial advisory group Holborn Assets has launched two offices in the UK as it looks to take advantage of the “incredible growth opportunities” in the region’s post-retail distribution review international business.
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Gresham House reveals 21% NAV drop in annual results
Gresham House’s net asset value per share fell 21% in the 12 months to 31 December 201, the firm revealed in its full-year results.
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Tesco shares volatile as dismal results revealed
Tesco shares have had a volatile morning as it released dismal full year results.
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Credit suisse profit boosted by wealth management
Credit Suisse has announced first quarter profit up 23% on this time last year to CHF 1.1bn, in large part due to its wealth management division.
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Charles stanley mulls employee benefits mbo
Charles Stanley shares jumped almost 4% in afternoon trade on news it might sell its employee benefits division to current management.
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Close Brothers acquires Mackay in ongoing expansion
Close Brothers Asset Management has added another name to its growing list of acquisitions with the purchase of Mackay Stewart & Brown.
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Alliance Trust chair asks shareholders
Alliance Trust chair, Karin Forseke has taken to the pulpit, appealing to shareholders to vote against resolutions proposed by activist investors Elliott Advisors, at the firms April 29 AGM.
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Alliance trust asks shareholders to back board
Alliance Trust chair, Karin Forseke has taken to the pulpit, appealing to shareholders to vote against resolutions proposed by activist investors Elliott Advisors, at the firm’s April 29 AGM.
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Alliance trust receives major blow in battle with elliott
Alliance Trust has received a major blow in its battle with major shareholder Elliott Advisors as the influential shareholder advisory and proxy Institutional Shareholder Services revealed its support for Elliott’s position.
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F&C IT announces 44th consecutive annual dividend rise
F&C Investment Trust saw its dividend per share rise for the 44th consecutive year in 2014, the group announced in its annual statement.