Investors deliver post-mortem on Deliveroo’s IPO flop
Timing at the top of the tech boom and punchy valuation may have dented interest alongside food delivery firm’s questionable employment practices
Companies
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Prudential Financial Planning and Ascentric get M&G rebrand
Their names will disappear and the businesses will receive a ‘fresh visual identity’
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Marlborough to merge fund and investment management arms
While it looks to hire 20 people to drive growth plans
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James Hay changes M&A terms for Nucleus deal
Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
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AJ Bell expects to smash revenue forecast as customer numbers continue to climb
Hargreaves Lansdown is also anticipating a boost in profits for the year off the back of the Gamestop trading frenzy
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Martin Gilbert-backed business preps for M&A deals
Assetco has promoted former Aberdeen Asset Management boss to chairman
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Coronavirus weekly round-up: Asset management giants shun Deliveroo IPO and vaccine tension remains throughout Europe
Three investors mull the events shaping portfolios over the past week
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Tavistock slams ‘unsolicited’ £15m takeover bid
‘The board does not consider that a paper-only offer made using illiquid shares … is credible or warrants further consideration’
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Blackrock hires Wall Street law firm to probe discrimination claims
CEO Larry Fink ‘deeply disturbed’ by allegations of racism, Islamaphobia, misogyny and sexual discrimination
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Tavistock rebuffs £15.2m takeover bid
Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’
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Odey Asset Management partners face hefty tax bills after court ruling
Firm’s founder Crispin Odey is not among the 17 executives who were part of a partnership pay plan
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Weekly outlook: Kingfisher full-year results; UK unemployment and inflation figures
The key events for UK wealth managers for the week starting 22 March