Standard Life shares shoot up after Ignis deal March 26, 2014 STANDARD Life saw its share price rocket yesterday after it announced the acquisition of Ignis Asset Management for £390m. The insurance and pensions specialist saw its shares shoot up seven per cent to 400p per share after the purchase was announced. The deal signals a shift towards investment management and away from its core business [...]
Standard Life swoops for City fund firm Ignis March 24, 2014 STANDARD Life is on the verge of clinching a £400m deal to buy City funds group Ignis Asset Management, the latest tie-up in a wave of consolidations. The Scottish insurer, which runs £184bn through its Standard Life Investments brand, confirmed last night it was in exclusive talks with Ignis’ FTSE-listed owner Phoenix Group. The deal, [...]
Standard Life warns independence may see it quit Scotland February 27, 2014 Insurance giant Standard Life has become the first major Scottish business to warn that it may relocate its operations to England should Scotland vote for independence. In the company's annual report for 2013, chairman Gerry Grimstone said: We have been based in Scotland for 189 years and we are very proud of our heritage. Scotland [...]
Bottom Line: How Standard Life is speaking up for the minority February 17, 2014 STANDARD Life’s head of equities David Cumming was out of the country yesterday, but before he left he did something UK institutional shareholders rarely do: he publicly castigated the majority owners of the London-listed group Essar Energy for a takeover attempt he described as an example of “cynical opportunism”. Cumming’s public intervention, coming as it [...]
Standard Life’s Essar outburst shows shareholder activism has come to the UK February 17, 2014 Standard Life's head of equities David Cumming is out of the country today but before he left these shores he did something UK institutional shareholders rarely do: He publicly castigated the majority owners of the London-listed group Essar Energy for a takeover attempt he described as an example of "cynical opportunism". His public intervention, [...]
Standard Life misses targets as staff leave October 30, 2013 INSURANCE giant Standard Life yesterday announced lower-than-expected new business sales, which analysts pinned on the departure of key staff members over the summer. Star fund manager Euan Munro jumped ship to be chief executive at Aviva Investors this summer, causing some leading investors to withdraw their money from the GARS fund that he controlled. As a [...]