London Stock Exchange overhaul will ‘damage trust’, top investors warn Markets The London Stock Exchange’s plans to relax reporting standards on its embattled junior market risk damaging shareholder trust and deterring already sceptical institutional investors, a group of investment bosses has warned. In a letter to LSE boss Julia Hoggett, spearheaded by the Quoted Companies Alliance (QCA), six fund managers said proposals to remove the need [...]
City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms Markets A group of City grandees has sounded the alarm on the wave of foreign firms picking off rivals from London’s stock market, after a flurry of unsolicited offers took the combined value of UK companies poised to leave Britain’s ailing bourse to £43bn. Some 22 listed companies have already accepted or received bids that would [...]
Time to Aim higher: ‘No visible effect’ of flagship pensions overhaul a year on, industry chief warns Investing Britain’s embattled small-cap companies have not yet felt any positive impact from the Mansion House Accord, the boss of an influential industry body has warned, a year on from the UK’s largest pension providers agreeing to plough more cash into unlisted and private assets. In a letter sent to all 17 of the pact’s signatories, [...]