Abrdn chief reportedly wanted to sell struggling £368bn investment arm November 20, 2023 Abrdn’s chief executive, Stephen Bird, wanted to sell the company’s troubled investment management division last June, according to Financial News.
London Stock Exchange Group boss: Arm would have been slammed in UK for a post-IPO slump November 17, 2023 The London Stock Exchange and Arm would have been slammed by UK media if the chipmaker had floated in London and slumped below its IPO price, the boss of the London Stock Exchange Group has claimed.
Equity funds see largest outflows since mini-budget scare November 16, 2023 Equity funds suffered outflows of £1.20bn in October. It was the sixth consecutive month of selling and the largest since September 2022.
How the City is trying to bust the ‘myth’ of New York valuations November 16, 2023 The London Stock Exchange has faced a bruising few months as firms head to New York - but the City is now going on the offensive to take on the view they'll automatically fetch a higher valuation.
Why start-ups are going to war with Jeremy Hunt on R&D tax November 16, 2023 When Chancellor Jeremy Hunt rolled out plans to scale back research & development (R&D) tax credits for start-ups last year, there followed an almighty backlash from small business groups.
Fund managers bet on peak rates and buy bonds November 15, 2023 Overweight positions on bonds were at their third highest in two decades as investors bet that interest rates will move lower next year.
St James’s Place shares bounce as bosses mount defence of paypackets November 15, 2023 Shares in St James’s Place have bounced today after the firm mounted a defence of its bosses’ paypackets following a small revolt at its annual meeting in May.
Business backs plan to review national security takeover law November 15, 2023 Business groups have welcomed plans to review UK legislation designed to intervene in critical takeovers, saying it is clear the law needs refining.
Star investor Terry Smith’s payday falls to seven-year low of £31m as fund assets fall November 14, 2023 Billionaire Terry Smith has taken home his smallest pay package in seven years after his Fundsmith investment management firm saw a dip in profit and clients pulled out money.
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.