FTSE 100 reshuffle: Burberry and Easyjet set to be downgraded August 23, 2024 FTSE 100 constituents Burberry and Easyjet are expected to be eliminated from London’s main market next month during a reshuffle. The main market’s quarterly rebalance is due on 20 September, with the review being based on prices at close on 3 September. Easyjet managed to claw back into the FTSE 100 in March, but the [...]
Mark Kleinman: Hargreaves Lansdown deal poses conundrum for retail punters August 15, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking with his weekly City A.M. column. Today, he takes a look at the Hargreaves Lansdown takeover deal, the auction of The Daily Telegraph and efforts to boost London's capital markets
Will private equity set its sights on AJ Bell, M&G or River Global after the Hargreaves Lansdown takeover? August 9, 2024 The takeover battle for Hargreaves Lansdown seemed to have finally reached a resolution this morning, and within hours of the details being announced, analysts were already speculating as to which London-listed asset manager could be next to fall to private equity. Ben Bathurst, analyst at RBC, said today that the planned investment by the private [...]
It’s over: FTSE 100 giant Hargreaves Lansdown receives £5.4bn private equity bid August 9, 2024 Hargreaves Lansdown has finally received an official bid from potential private equity buyers that management is prepared to recommend to shareholders. The £11.10 share bid, along with a dividend of 30 pence for the end of the financial year, came after months of negotiations between the DIY platform business and the consortium of private equity [...]
Hargreaves Services’ profit slumps due to issues at company’s German joint venture August 6, 2024 Industrial services group Hargreaves has seen its profit for the year slashed almost in half despite delivering revenue in line with the previous 12 months.
Hargreaves Lansdown extends takeover deadline for third time August 5, 2024 Hargreaves Lansdown has for the third time extended the deadline for a group of private equity bidders to make a firm £5.4bn takeover offer during a crucial week for the UK’s biggest retail investment platform.
Hargreaves Lansdown enters crunch week for £5.4bn takeover bid August 4, 2024 Hargreaves Lansdown will need to convince shareholders why it is recommending a £5.4bn bid to take the investment platform private if a formal offer is made this week.
Mark Kleinman: Is £300bn Shell merger Total summer speculation? August 1, 2024 In this week's column, Mark Kleinman tackles the Shell merger, Cineworld closure and Dan Wagner's Rezolve AI.
Tillit: How one investment platform is trying to change the industry July 31, 2024 The CEO of one of the newest DIY investment platforms has called on her competitors to up the quality of their investment information.
Interactive Brokers is ready to shake up the UK trading market July 23, 2024 “Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told City A.M., “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]