FCA fines broking firm for 56,000 reporting failures
Sigma Broking left ‘potential market abuse’ unreported; FCA metes out fines and bans
Companies
-
-
Woodford fund drops £31.2m from a single holding
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
-
IFA group Wren Sterling makes third acquisition of 2022
The deal adds £250m in AuM to Wren Sterling and strengthens presence in Warwickshire
-
Terry Smith ditches two companies as he prepares to shut down Feet
Shares in the trust will still be tradeable on the LSE until a liquidator is named
-
Succession Wealth buys Yorkshire-based IFA firm
It is the company’s first acquisition under Aviva ownership
-
Franklin Templeton and Matthews Asia funds lose Square Mile ratings
While strategies run by Harry Nimmo and Richard Colwell are downgraded/suspended ahead of their retirements
-
Hargreaves sharpens ESG pruning shears
As it sets up dedicated team of analysts to assess environmental, social and governance risks
-
Weekly Outlook: Federal Reserve’s eagle eye on US jobs data
Key events for UK wealth managers for the week starting 3 October
-
Quilter’s Wealthselect MPS backs fixed income but swerves gilts
Weighting to equities pared back as ‘further deterioration’ expected
-
Arbuthnot Latham opens MPS to UK advisers
Lee Jones joins from Abrdn to spearhead the push as director of intermediary sales
-
Assetco to return £7.5m to shareholders
Buyback programme will see nearly 15 million ordinary shares repurchased
-
Jupiter downgraded to negative by Fitch
‘Its retail focus and smaller scale increase its vulnerability to net outflows versus peers’
