BJSS and Sparck: Half of UK businesses might not exist in 10 years
Business leaders have focused on near-term threats and neglected their long-term survival, according to a new study
Companies
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Woodford investors to receive initial £185.7m distribution
Redress to be paid out today, almost five years on from fund’s initial suspension
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M&G mulls future expansion with boutique acquisitions
Portfolio Adviser speaks with CEO Joseph Pinto following the publication of the firm’s results last week
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Mattioli Woods receives £432m takeover bid
If approved, the deal would see the wealth manager transition to private ownership
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Pre-tax profit increases by 18% for Brooks Macdonald in half-year results
However, International arm of the business is undergoing strategic review
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LGIM profit in the black for 2023 but falls by 39.4% year on year
Index, actively-managed and multi-asset funds saw net inflows
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London & Capital and Waverton IM to merge into £17bn wealth manager
Lovell Minnick Partners (LMP) will take a majority shareholding
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St James’s Place share price falls over 30% following full-year results
Citi and JP Morgan Cazenove react to dividend cuts and provisions
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Abrdn suffers 35% increase in outflows in full-year results
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
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Square Mile’s Romer-Lee named Titan AM co-CEO
Regulator approved Titan’s acquisition of Square Mile on Friday
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Pictet profits down 25% after paying $123m to US authorities
Losses would have been shallower without its payment to the US Department of Justice for shielding client money from taxation
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Ashmore suffers net outflows of £3.6bn as investors remain underweight emerging markets
More than 60% of the firm’s portfolios beat their benchmarks over 12 months