Schroders chief Peter Harrison set to retire next year Asset management The veteran chief of Schroders, Peter Harrison, is set to step down next year after eight years at the helm of the FTSE 100 funds group, the firm announced today.
Abrdn records rebound in flows as boss says cost-cutting is ‘on track’ asset management Money manager Abrdn said its cost-cutting programme was “on track” today as its total funds under management ticked up in the first three months of the year ann the flow of cash into the firm rebounded.
Quilter: Wealth manager attracts surge of fresh cash as stock markets rebound wealth management Wealth manager Quilter has pushed up the amount of cash managed in its funds in the first three months of the year after a surge in fresh inflows and a rebound in global equity markets.
Proxy battle fails to erupt as investors wave through FTSE 350 payouts April 24, 2024 The battle over paypackets for London’s top bosses failed to materialise in the opening months of the year as investors snubbed proxy firms and waved through bigger salaries for executives, new data suggests.
M&S pension scheme faces hefty losses as FCA probes Home REIT sister fund April 24, 2024 The M&S pension scheme is facing huge potential losses after pumping cash into a Home REIT sister fund that is now under investigation by the Financial Conduct Authority (FCA), City A.M. can reveal.
Peers call on regulator to halt ‘name and shame’ plans as City fury grows April 22, 2024 An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.
Six Nations owner CVC targets £13bn valuation in Amsterdam IPO April 22, 2024 Six Nations owner CVC is targeting a value of up to £13bn (€15bn) when it launches a much delayed float in Amsterdam this week, the firm announced today.
Why City of London firms are plotting a revolt against the FCA April 20, 2024 City firms are plotting a revolt against the regulator and calling on top trade bodies to intervene after the Financial Conduct Authority revealed plans to name and shame the firms it is investigating last month.
Redx boss scooped up shares after revealing London Stock Exchange exit April 19, 2024 The boss of pharma firm Redx has scooped up hundreds of thousands of shares in the company after its share price collapsed on the news it would scrap its listing on the London Stock Exchange.
Mondi pulls out of DS Smith bidding war in win for US buyer April 19, 2024 Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.