GKN shares skyrocket after it thwarts £7bn takeover
Shares in FTSE 100 engineering firm GKN hit their highest level in over a decade after it rejected a £7bn takeover from fixer upper specialist Melrose Industries.
News
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Europe’s fund inflows set for record in 2017 – Morningstar
The net amount of money flowing into the European asset management industry is on course to hit a record level in 2017, thanks in part to strong demand for fixed income products, according to asset flows data compiled by Morningstar.
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M&G begins Brexit-linked shift of funds to Luxembourg
M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around £9.3bn to equivalent funds on its Luxembourg platform.
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Strategic bond fund sales break £7bn in 2017
Net retail sales of Sterling Strategic Bond funds neared £1.5bn for the second month in a row in November 2017, taking the total raised by the sector for the year to £7.25bn, according to the Investment Association.
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Top boss shakeup at Kleinwort Hambros as CEO steps down
Kleinwort Hambros has announced a host of changes to its senior management team, following news its CEO Eric Barnett will retire.
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John Lewis buoyed by Black Friday; M&S sees ‘mixed’ quarter
John Lewis offered a glimmer of hope for the UK retail scene following a tough Christmas period, but M&S struggled with a “mixed” third quarter as competitive pressure continued to bite.
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Polar Capital AUM up despite fund closures
Polar Capital has reported net inflows of £597m in the fourth quarter, boosting assets under management (AUM) to £11.7bn from £9.3bn at the end of March.
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Assets break £50bn at Jupiter as net flows soar
Assets at Jupiter soared past the £50bn mark in 2017 the firm’s latest trading update reveals.
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Rathbones’ funds up 14% as unit trust flows boom
Rathbone Brothers revealed a “robust” set of trading numbers on Thursday with funds under management up 14.3% on the year previously.
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Rathbones hires analyst for UK Opportunities fund
Rathbones has appointed James Workman as an equity analyst on the Rathbone UK Opportunities Fund, supporting fund manager, Alexandra Jackson.
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Record year for investment trust platform sales
Despite a drop in quarterly sales, investment trust purchases on fund platforms in the first nine months of 2017 have surpassed all records data compiled by Matrix Financial Clarity shows.
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Tilney cuts funds in portfolios from 70 to 30
Wealth manager Tilney has “eliminated the low-hanging fruit” and reduced the number of funds it holds in its portfolios from 70 to 30.
