MP brands Blackrock ‘schizophrenic’ over Carillion
Blackrock has defended itself against charges from a parliamentary select committee it was “schizophrenic” in its holdings of Carillion, taking both long and short positions.
News
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Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
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Franklin Templeton eyes ETF Europe expansion
Franklin Templeton has poached a smart beta specialist from Invesco Powershares for a newly-created senior ETF role as it eyes expansion in Europe.
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LGIM nears £1trn assets after year of ‘record’ flows
Legal & General’s asset management arm neared £1trn in assets under management last year, after taking £44bn worth of external net inflows.
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Robeco latest to stub out tobacco investments
Robeco has followed in the footsteps of BNP Paribas Asset Management to divest from tobacco across its fund range.
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R&M puts aside £1m for FCA probe; responds to Rodrigs exit
River & Mercantile has set aside £1m to cover a potential penalty stemming from the Financial Conduct Authority’s ongoing investigation into its alleged breach of competition law.
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Albion VCTs fully subscribed under reduced target
Patient Capital Review changes implemented by the government mean Albion Capital has confirmed its VCT offers are fully subscribed at its new reduced target of £32m, shy of the £38m it initially hoped to raise.
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Jupiter ‘must do better’ on 38% pay gap
Jupiter Asset Management CEO Maarten Slenderbroek has said “we can and must do better” on eliminating its 38% pay gap between male and female employees.
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EdenTree on ‘savage’ hit from Provident Financial
EdenTree fund manager Sue Round has blamed “savage downgrades” among fund holdings for recent fourth quartile performance, including Provident Financial, which she argues does hold a place in an ethical portfolio.
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FTSE newbie Just Eat sees shares dive over 10%
Just Eat saw roughly £600m wiped from its stock market value after it unveiled a £76m statutory loss in its annual results.
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Hearthstone appoints former Architas head as CEO
Former Architas head of UK Cedric Bucher has resurfaced at a residential property specialist, Hearthstone Investments, where he will be chief executive officer (CEO).
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FCA bans ex Co-op chairman the ‘Crystal Methodist’
The Financial Conduct Authority has banned Paul Flowers, former chairman of Co-operative Bank, from the financial services industry.
