Concord increases Hipgnosis bid to $1.51bn
The firm is now offering $1.25 per Hipgnosis share, topping the potential Blackstone offer by a single cent
Product News
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BlackRock launches four fixed maturity iShares ETFs
ETFs to hold government bond exposure to US treasury and Italian government bond markets
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WisdomTree launches concentrated US quality growth ETF
It provides a more concentrated alternative to the S&P 500
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Morningstar downgrades Trojan Income fund rating
Manager research team has revised the strategy’s rating to ‘neutral’ from ‘positive’
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Tabula launches ESG-focused gold ETC
Only 4% of gold is currently traceable, posing ‘serious ESG risks’ to investors
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Schroder Japan Trust returns 10.3% in half year results
Kepler Trust Intelligence comments on trust’s prospects
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Alliance Trust replaces Jupiter with Arga following Whitmore’s exit
The move follows Ben Whitmore’s exit from Jupiter, which ‘introduces potential risks’
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AllianzGI to operate as ‘wholly foreign-owned’ fund manager in mainland China
Receives go-ahead from China Securities Regulatory Commission
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AJ Bell platform exceeds half a million customers in Q2 update
Increases assets under administration by 5% for quarter
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Concord to buy entire issued share capital of Hipgnosis
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
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Ark Invest Europe launches three European UCITS ETFs under Cathie Wood
Actively-managed ETFs have OCFs of 0.75%
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Nordea AM liquidates social bond fund 16 months after launch
Due to ‘muted demand’ for the single-themed strategy
