Abrdn forced to delay £1.5bn Interactive Investor takeover due to global paper shortages February 6, 2022 Edinburgh headquartered asset manager Abrdn has been forced to delay a shareholder ballot on its plans to launch a £1.5bn takeover of online investment platform Interactive Investor, because of an international paper shortage. Abrdn had hoped to let shareholders vote on its plans to takeover Interactive Investor ahead of its results. However, the Scottish asset [...]
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
BNP Paribas London executive keeps job despite naming Asian colleague ‘Hu She’ January 30, 2022 All eyes are on BNP Paribas this weekend as a senior lawyer manages to keep his job after it was revealed that he referred to an Asian colleague as “Hu She”. In a disciplinary inquiry at the French bank last year, Benedict Foster, head of legal for debt and equity at BNP’s London office, was [...]
Banks say FCA is hindering innovation: Watchdog not responding quick enough to tech trends January 28, 2022 Two thirds of all UK banks and financial institutions think the City regulator, the FCA, is not responding quickly enough to new trends, thereby hindering innovation within the sector. When quizzed about the roadblocks they face, more than half said they have been held back from trialling new technologies due to a lack of formal [...]
Exclusive: ‘Keep a cool head in hairy markets but avoid being an ostrich’, says City grandee and fund chief Andrew Bell January 20, 2022 Witan Investment Trust is a well-know name in the City’s investment space. It can trace its history back to 1909 when it was set up to manage the investment affairs of Sir Alexander Henderson, who later became the first Lord Faringdon. Today it holds over £2.2bn on behalf of more than 28,000 shareholders, using a [...]
Financial watchdog introduces rules for greater consumer protection to ‘drive a change in culture’ December 7, 2021 The Financial Conduct Authority (FCA) launched a consultation this morning to ensure a higher and more consistent standard of consumer protection for users of financial services and help to stop harm before it happens.
Peel Hunt revenue and profit sink from pandemic highs in its maiden results December 1, 2021 Peel Hunt, the London broker for mid and small-cap companies, said its revenue dropped by almost a quarter in the six months to 28 September, immediately prior to its £280m listing on London’s AIM market at the end of that month. Revenue sank 23.4 per cent to £71.4m, down from £93.2m in the same period [...]
FinnCap confirms its record £32m revenue on ‘exceptionally busy’ M&A market November 18, 2021 Shares in FinnCap closed 1.4 per cent higher today, after the AIM-listed tech and life sciences small cap broker confirmed the first half bumper revenue hike it had teased last month. Earnings jumped 55 per cent to a record £32m, and the firm stuck to the full-year revenue guidance it upgraded in October to between [...]
HgCapital reports strong interim results despite ‘risk environment’ November 15, 2021 Tech private equity firm HgCapital announced strong performance of its portfolio, with its three month net asset value (NAV) per share up 11.6 per cent.
Keeping an eye on gender lens investing and women in leadership November 2, 2021 | City Talk Gender lens equity investing developed from a substantive body of research demonstrating the financial, risk management, decision-making and other corporate benefits of higher levels of women in leadership. In our coverage universe at Parallelle Finance, 27 gender lens global and regional equity funds are available to individual investors. Their assets under management (AUM) totalled $3.47 [...]