Beazley kicks off buyback after profit hits a record March 7, 2024 Insurance firm Beazley has kicked off a $325m share buyback today after notching record profits over the past year.
Brooks Macdonald: Wealth manager puts ‘behind plan’ international arm under review March 7, 2024 Wealth manager Brooks Macdonald said the decision was being made "in the interests of achieving the best return for shareholders".
Funding Circle looks to offload US arm and kicks off share buyback as losses deepen March 7, 2024 Fintech firm Funding Circle kicked off a £25m share buyback programme today and said it was looking to offload its loss-making US division in the hope of stemming losses and boosting its flagging share, the firm has announced.
Spring Budget 2024: Hunt threatens ‘further action’ to unlock pension investment after disclosure plans March 6, 2024 The Chancellor Jeremy Hunt said he could take “further action” to push pension funds to back UK companies today as he confirmed plans to force them to publicly disclose their levels of UK equity investment in his Spring budget.
Rathbones sees higher outflows as Investec Wealth merger ‘progressing well’ March 6, 2024 Rathbones' funds under management and administration came in at £105.3bn, compared with £60.2bn in 2022. This figure included £42.2bn from IW&I.
Legal and General pledges ‘fresh perspective’ as profits slip below expectations March 6, 2024 In its full-year results this morning, the FTSE 100 firm said operating profit for the year stayed flat at £1.67bn
Blackstone and Thomson Reuters to offload £1.9bn LSEG stake March 5, 2024 A group of LSEG investors including Blackstone and Thomson Reuters are offloading a four per cent stake in the firm worth £1.9bn, the London Stock Exchange owner has said today
Gold and Bitcoin hit record highs as the US and UK prepare fiscal statements March 5, 2024 Gold has enjoyed a run as a safe haven asset while bitcoin production cuts are expected next month
Spring Budget 2024: Hunt’s pension reforms could ‘backfire on British business’, AJ Bell warns March 5, 2024 Forcing pension funds to disclose how much they invest in the UK companies could “backfire on British business” as savers will shun domestically-heavy schemes due to their lacklustre returns, AJ Bell has warned.
Home REIT: Scandal-hit housing investor threatens to sue those ‘responsible for wrongdoing’ March 5, 2024 Embattled housing investor Home REIT has threatened to sue those it considers “responsible for wrongdoing” today as it comes under pressure from a Financial Conduct Authority probe launched last month.