M&A slumps as war in Ukraine rattles dealmakers March 3, 2022 Global mergers and acquisitions (M&A) slumped 35 per cent last month as Russia’s invasion of Ukraine rattled global financial markets and caused a dealmaking boom to falter.
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
City set for ‘dramatic growth’ of funds that combine ESG and Shariah as Islamic Finance underserves demand March 3, 2022 London could see a dramatic growth in the number of investment funds that combine ESG and Shariah compliance over the next two years, finance experts have told City A.M. today. Professionals working across a wide range of sectors in the Square Mile and beyond expect a dramatic growth in these funds, while half think a [...]
Aviva snaps up Succession Wealth for £385m and rolls out bumper dividend for shareholders March 2, 2022 Insurance giant Aviva announced it has snapped up wealth management firm Succession Wealth for £385m today, as it rolled out a bumper dividend for shareholders despite a slide in profits last year.
Retail investors snap up US bargains amid market turbulence March 2, 2022 Retail investors piled into US equities in the past week as they looked for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Minister throws support behind new £95m fund targetting UK software March 2, 2022 Venture capital firm Sure Valley Ventures has won the support of ministers today with a new £95m fund backed by state-owned British Business Bank, as it looks to target high growth software firms across the UK.
Close Brothers Asset Management appoints Standard Life executive as new boss March 2, 2022 Merchant banking group Close Brothers has announced that ex-Standard Life Aberdeen boss Eddy Reynolds will take over as chief executive of its asset management business next week, after boss Martin Brown stepped down.
‘Recommerce’ firm MusicMagpie reports slide in profits as pandemic boom subsides March 2, 2022 Refurbished tech selling platform MusicMagpie reported a slide in profits today after a pandemic-induced boom in demand subsided last year.
Ukraine war boosts Bitcoin and green stocks as crypto helps Russians and oligarchs to get funds out March 1, 2022 Talks in Belarus between the Ukrainian and Russian committees yesterday were overshadowed by the intensifying military fight in Ukraine. Putin, who seems frustrated with the Ukrainian resistance, and the Westerns sanctions imposed sanctions to the West on his turn by closing its airspace to 36 countries and banning its residents from transferring hard currency abroad. [...]
Russian miners Evraz and Polymetal set to fall out of FTSE 100 in quarterly shake up March 1, 2022 London listed Russian mining firms Evraz and Polymetal are set to be shuffled out of the FTSE 100 tomorrow in the index’s quarterly review.