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.
That’s bonza! Australian pension fund commits £8bn to UK in pre-budget boost March 4, 2024 Australia’s biggest pension fund is set to pump another £8bn into the UK in the coming years in a boost to Jeremy Hunt ahead of the budget this week.
Pension funds have ‘abrogated responsibility to the UK,’ says Peel Hunt March 4, 2024 Pension funds have “abrogated their responsibility” to the UK and should start preparing to disclose how much of their cash goes into British firms, one of the UK’s top investment banks has said, after the Chancellor revealed plans for a sweeping shake-up of rules ahead of the budget on Wednesday.
Exodus: Eight troubling omens for the London Stock Exchange March 4, 2024 The pace of delistings and take-privates looks set to continue this year.
Spring Budget 2024: City tells Hunt to axe the share tax March 4, 2024 Leading City figures have called on the Chancellor to scrap the stamp duty on buying shares in a bid to boost London's capital markets and support growth.