Sanlam UK acquires Yorkshire-based financial planner
Sanlam UK has continued its expansion by acquiring East Yorkshire based financial planner Grennan Advisers, adding £60m of assets under management (AUM).
News
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Old Mutual chairman leaves to join Saga
Old Mutual chairman Patrick O’Sullivan will be stepping down from his role after the firm’s managed separation is concluded to become the chairman of Saga Group.
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Arbuthnot Latham names investment heads in top brass shakeup
Arbuthnot Latham has appointed Coutts & Co alumni Colin MacKenzie and Dean Moore to key posts within its investment and wealth management divisions, following a top brass overhaul.
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Nucleus launches capital gains tool
Nucleus has launched a capital gains tool which will be added to its client reporting suite.
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January retail sales slump confirms ‘slowdown’ trend
The UK saw another month of weak retail sales that lagged consensus expectations in January, confirming that the long-term trend is toward a “slowdown”.
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Aurora commits to pharma by upping GSK stake
Phoenix Asset Management has upped exposure to Glaxosmithkline (GSK) in the Aurora Investment Trust because it believes in pharmaceutical companies’ ability to consistently regenerate themselves after setbacks.
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Global stock markets bounce back
Global stock markets are recovering from the recent correction as they continued to make gains overnight, following another positive day on Wall Street.
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City of London IT underperforms after Provident Financial hit
City of London Investment Trust failed to beat the FTSE All-Share Index over the half-year, as Provident Financial and a low exposure to the mining and oil sectors weighed heavy on performance.
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European watchdog warns of investment fund ‘fire sales’
Mismatches between the liquidity of open-ended investment funds’ assets and their redemption profiles could lead to “fire sales” to meet redemption requests in times of market stress, the European Systemic Risk Board (ESRB) has warned.
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Invesco drops Perpetual, PowerShares and Trimark names
Invesco has announced it is dropping the Perpetual, PowerShares and Trimark names in a move towards having one unified global brand.
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Wells Fargo AM continues multi-asset push with Schroders hires
Wells Fargo Asset Management has hired a pair from Schroders to fill key senior roles in its London-based multi-asset team.
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JPMAM’s Sheikh heads to Jupiter
Jupiter Asset Management has appointed JP Morgan Asset Management’s (JPMAM) Talib Sheikh as head of its multi-asset strategy.
