Quilter rallies after £2.7bn listing
Quilter’s successful listing on the London Stock Exchange this morning provides validation for the platforms industry as its shares rally 9.3% in early trading.
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Schroders nabs ex-Tilney boss to head wealth management
Schroders has nabbed ex-Tilney boss Peter Hall to head up its wealth management business as Andrew Ross steps aside to focus on building out the asset manager’s family office offering.
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Cold-called investor wins compensation
A company that downplayed the risks of buying shares in unlisted companies to a cold-called investor has been ordered by the UK’s Financial Ombudsman Service (FOS) to put the investor into the position she would have been in had she never invested.
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The top five UK equity funds since the Brexit vote
Research by Chelsea Financial Services has revealed the top five performing funds in the two years since the UK voted to leave the European Union in the 2016 Brexit referendum.
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Pension transfers hit record £10.6bn in first quarter
The belief that UK pension transfers peaked in 2017 has been proven wrong as figures from the UK’s Office for National Statistics (ONS) show £10.6bn flowed out of defined benefit schemes in the first quarter of 2018.
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Woodford cancer treatment holding jumps 51%
Neil Woodford has seen his stake in an unquoted cancer treatment company jump $35.4m in his investment trust as it announces pricing on its initial public offering.
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Omnis launches UK and Asia strategies
Omnis Investments is extending its UK and Asia offerings as part of a wide-reaching fund development programme.
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Hargreaves highs boost Lindsell Train
Hargreaves Lansdown is one of four stocks that delivered double-digit returns in three portfolios managed by Nick Train, while co-founder Stephen Lansdown has also benefited from its soaring share price.
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UK shows resilience two years after referendum
It’s two years since the British public narrowly voted to leave the EU, but there is still a lot of uncertainty over the country’s future. This is normally bad news for markets, but four investors believe UK assets have remained remarkably resilient.
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BoE rate decision reveals surprise hawk
The Bank of England (BoE) has held interest rates at 0.5% but the central bank’s chief economist has surprised markets by siding with the hawks at the latest monetary policy committee (MPC) meeting.
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Multi-asset boutique increases European exposure
Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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Saudi Arabia added to the MSCI EM index
Saudi Arabia has been upgraded by index provider MSCI to its emerging market index, alongside Argentina, which has re-entered the index after being dropped in 2009.