St James’s Places shares jump as firm reports record funds under management February 25, 2026 St James’s Place saw funds under management reach record highs in its latest results, as more people choose to plough money into the UK’s leading wealth manager. Funds under management jumped 16 per cent to a record £220bn, up from £190.2bn the prior year, as the group attracted new clients and kept retention rates high. [...]
Standard Chartered hikes investor returns despite profit miss February 24, 2026 Standard Chartered handed out bumper investor returns following its full-year results despite the London-listed bank missing its profit target pencilled in by analysts. The Asian-focused lender recorded a two per cent uptick in pre-tax profit to $814m, falling below analyst expectations of $1.1bn. The miss came as net interest income performed weaker-than-expected, slumping 12 per [...]
What does the Schroders acquisition mean for Cazenove Capital? February 19, 2026 The City was stunned last Thursday, after one of London’s oldest financial institutions entered a surprise mega deal with an American investment firm. Schroders announced it had agreed a £9.9bn takeover by Nuveen, ending over two centuries of independence for the asset manager. The shock acquisition is set to create one of the world’s largest [...]
City stunned by Nuveen’s £10bn swoop on Schroders February 12, 2026 City analysts were stunned by Thursday morning’s announcement that Schroders has entered into a surprise £9.9bn deal with Nuveen, which holds $1.4 trillion in assets, after speculation of a sale was rebuffed in July. Schroders Group CEO Richard Oldfield squashed rumours that the Schroder family, who control almost half of the company’s shares, were eyeing [...]
Another blow to Stock Exchange as Schroders snapped up by US rival in shock £10bn deal February 12, 2026 Asset manager Schroders has agreed to a £9.9bn takeover by American investment firm Nuveen, in a deal that would end over two centuries of independence for the UK’s largest standalone asset manager. Under the terms of the agreement, Schroders shareholders will receive 612 pence per share, including a cash consideration of 590 pence and a [...]
FTSE 100 Live: Schroders in £10bn deal; UK economic growth lags February 12, 2026 Good morning and welcome back to the City AM liveblog. It was another record day for the FTSE 100 on Wednesday, which secured its highest close of all time. On a strong day for commodity-related stocks in London, London’s blue-chip index closed 1.14 per cent higher at 10,472p. But it wasn’t all cheery in the [...]
Bonus season and the illusion of wealth February 11, 2026 As bonus season begins across the City, many higher earners continue to struggle to manage the difference between headline pay and usable cash Headline pay figures for City bonuses always grab attention and this year the expectation is cash bonuses will not disappoint. For many city professionals this is the moment to build liquidity, buy [...]
Why Natwest splashed the cash for a slice of the wealth management pie February 10, 2026 Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
Natwest shares sink after bank unveils £2.7bn wealth deal February 9, 2026 Natwest has beat its banking rivals to snap up wealth manager Evelyn Partners and laid out plans to kick off a new round of shareholder returns. The FTSE 100 banking giant, which returned to privatisation last year, said it had sealed a £2.7bn deal to purchase the firm from its private equity owners Permira and [...]
Barclays and Natwest set for bidding war in race to beef up wealth arms February 4, 2026 Barclays and Natwest are set for a bidding war as the banks prepare to make their play to snap up Evelyn Partners amid the race to beef up wealth management arms. The blue-chip lenders are both gearing up to table offers of over £2bn for the London-based wealth manager. A successful takeover would help enhance [...]