Proxy backlash: City anger at firms trying to limit exec payouts April 9, 2024 So-called proxy advisers are facing mounting anger in the City after urging shareholders to reject the paypackets of executives at two FTSE 100 firms.
Will investment trusts flee the country over cost disclosure? April 8, 2024 Will investment trusts be forced to delist from the UK and move to Switzerland to escape unfair rules with cost disclosure?
IMF warns of ‘fragilities’ in booming £1.7 trillion private credit market April 8, 2024 The International Monetary Fund has warned of a "number of fragilities" in the global private credit market, even as the sector continues to soar in popularity.
Pension giant Phoenix reportedly plotting multibillion-pound fund in boost for Hunt’s Mansion House Reforms April 8, 2024 Phoenix Group, the UK's largest long-term savings and retirement business, is reportedly planning to launch a new multibillion-pound fund to invest in high-growth companies and boost pension returns.
Former St James’s Place boss denied £450k bonus after tumultuous 2023 April 8, 2024 The board of wealth manager St James’s Place has cancelled a £456,700 bonus due to its former chief executive for 2023 after his final few months in the role saw the FTSE 100 firm in turmoil from excessive fees.
Meet the fund manager: Backing innovation in the age of AI April 8, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from James Dowey, fund manager at Liontrust Global Technology Fund.
London Stock Exchange owner faces potential shareholder revolt over plans to double chief’s pay April 7, 2024 The owner of the London Stock Exchange is facing potential shareholder dissent after a key proxy advisor opposed plans to double its chief's pay amid a debate over how the Square Mile can compete with US-style remuneration deals.
Dealmakers limber up in London as ‘FOMO’ takes hold April 6, 2024 Dealmakers are limbering up for an offensive in London after a wave of new firms fell into the sights of buyers in the opening months of the year and “FOMO” grips the market, top City advisors have said.
FTSE 100 gives up gains as jitters ripple across the Atlantic April 5, 2024 The FTSE 100 has slumped this morning and given up much of its gains through the week after jitters rippled across the Atlantic from the US overnight.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.