Interactive Investor to acquire The Share Centre for £62m February 17, 2020 Interactive Investor is to buy The Share Centre in a cash and shares deal worth around £61.9m, the companies announced this morning. The owner of The Share Centre’s stock surged as much as 17.24 per cent this morning following news of the offer. Announcing the deal, ii said retail investment platforms need scale to sustain [...]
Jupiter nears deal to buy asset manager Merian February 16, 2020 Jupiter Fund Management is close to buying Merian Global Investors from private equity firm TA Associates, in a deal that would create a merged company with £67bn of assets under management. The company said that “discussions have been underway for some time”, adding that both parties are “confident that the combination would have the potential [...]
Stockholm enters Global Cities top 30 for the first time February 14, 2020 | City Talk With a strong economy and commitment to reducing its environmental impact, Stockholm is the first Scandinavian city to make the top 30 of Schroders’ Global Cities Index. Stockholm has become the first Scandinavian city to enter the top 30 of the Schroders Global Cities Index. This is because of its robust economy and committment to reducing [...]
NMC Health shares tumble on double downgrade from Societe Generale February 13, 2020 Shares in NMC Health fell as much as 11 per cent on Thursday after the embattled hospital operator was hit with a double rating downgrade from Societe Generale. Analysts at the French bank slashed NMC’s price target by 85 per cent, saying that confidence in the company, the biggest healthcare operator in the United Arab [...]
Amundi’s assets under management hit €1.65 trillion February 12, 2020 Amundi’s assets under management (AUM) reached €1.65 trillion (£1.38 trillion) in 2019, with the French asset manager boosted by a record fourth quarter. Inflows hit a record £76.8bn during the fourth quarter, including £59.6bn received from a new pension fund mandate at Amundi’s Indian joint venture, it said. Net inflows for the entire year were [...]
Softbank profit plunges 99 per cent on heavy Vision Fund losses February 12, 2020 Softbank’s quarterly profit has been almost entirely wiped out after heavy losses from its Vision Fund hit the technology investor for the second consecutive quarter. The Japanese conglomerate’s operating profit from October to December plummeted 99 per cent to just ¥2.59bn (£18.2m) after its Vision Fund and a related vehicle recorded a $2bn loss. Softbank [...]
Put your money where your morals are: ethical ideas for ESG investing February 12, 2020 Whether or not you agree with activists like Greta Thunberg or campaign groups like Extinction Rebellion, there’s been a clear societal shift in recent years to recognise the need to tackle problems like climate change or global poverty. One aspect of that shift is the increasing trend for savers to consider the environmental, social, and governance [...]
ESG investing: The only way is ethics February 12, 2020 “Climate change has become a defining factor in companies’ long-term prospects,” wrote Larry Fink, chief executive of Blackrock, in his annual letter to global company bosses last month. “I believe we are on the edge of a fundamental reshaping of finance.” It was a big moment. Sustainability has been a growing economic issue for more [...]
UK active fund inflows nosedive on coronavirus fears February 11, 2020 Sales of active equity funds in the UK plunged over 90 per cent in January after the coronavirus outbreak led to a collapse in investor confidence. Inflows into actively-managed equity funds totalled just £78m in January, a drop of 93 per cent compared to the previous month, according to figures from fund network Calastone. “Stock [...]
Fresh blow for Woodford investors as biotech sell-off fails February 9, 2020 Investors in the failed flagship fund of Neil Woodford are facing a further blow after a £550m deal to rescue a portfolio of his stakes in biotech startups collapsed, raising concerns the holdings will be offloaded in a fire sale. WG Partners, a boutique investment bank specialising in life sciences, had been trying to assemble [...]