Brokers Panmure Gordon and Liberum announce all-share merger
Will create UK’s largest independent investment bank upon completion
Will create UK’s largest independent investment bank upon completion
NAV has fallen more than 40% in a year
Former Liberum chief executive Simon Stilwell has joined the board of asset manager Gresham House, the firm announced on Monday.
Provident Financial’s shares rebounded sharply as it updated the market on its recovery plan, offsetting a £120m loss and news it will not be paying a full-year dividend.
With the FTSE 100 on an almost continual rise, which are the ‘red flag’ stocks that investors should watch out for? Investment bank Liberum lists the seven ‘sinful’ stocks in the top 100 they would “prudently seek to avoid”.
Better-than-expected institutional net flows helped push group assets under management to a record £325bn in the first quarter of 2016, Schroders said on Thursday.
There appears no way back now that Janet Yellen and her Federal Reserve colleagues have all but committed to raising rates on 16 December, and a quarter point rise is largely priced into markets already.
Shares in Hargreaves Lansdown jumped more than 4% in morning trade on stronger than expected Q1 numbers.
The weakness seen during the second quarter’s earnings season has brought consensus growth expectations back to reality Liberum said in a note out on Wednesday.
BHP Billiton’s spin off and listing of South32 fell rather flat on Monday, as its shares traded at the lower end of analyst expectations, giving the newly minted firm a market cap around $8.7bn.
Alliance Trust has bought Brewin Dolphin’s execution-only Stocktrade business for £14m pounds in a bid to further strengthen its position as a platform provider.
The FTSE 100 spiked briefly through 7,000 points on Friday and sterling strengthened as investors woke to news that the Conservative party had beaten even the most optimistic expectations.