Quilter shareholders set for bumper payday as bosses announce £328m capital return March 9, 2022 The boss of Wealth management giant Quilter hailed 2021 an “important” year for the the firm as it reported a boost in profits and unveiled a £328m capital return to shareholders following a share buy back programme.
Legal & General reports boom in profits as it feels post-pandemic lift March 9, 2022 Asset management giant Legal & General reported a surge in profits and hiked its dividend payouts today as it felt the lift of a post-pandemic boom across its divisions.
Money transfer fintech launches in London to take on Wise and PayPal March 9, 2022 A new money transfer fintech firm is looking to snap up market share from Wise and PayPal as it launches in London today with a fresh $4.5m round of funding.
Gold surges again as Goldman predicts price will top $2500 this year March 8, 2022 Gold has surged again to trade above $2000 throughout today, with analysts now predicting a sustained rise amid turbulence in global equity markets.
Chancellor pressures asset managers to cut ties with Russia March 8, 2022 The Treasury has ramped up pressure on asset managers to dump their holdings in sanctioned Russian firms, with chancellor Rishi Sunak hosting top industry bosses last week to discuss divestment.
Pi Labs unveils $90m fund to target ‘proptech’ startups March 8, 2022 London-based venture capital firm Pi Labs has unveiled a new $90m fund today as it looks to supercharge its investment into real estate tech startups.
Asset manager M&G rolls out £500m buyback after smashing capital targets March 8, 2022 British insurer and asset manager M&G unveiled a £500m share buyback programme today after it smashed capital generation targets set out following its demerger from Prudential in 2019.
LetterOne oligarchs resign from board after sanctions hit co-founders March 7, 2022 The investment firm co-founded by sanctioned oligarchs Mikhail Fridman and Petr Aven has today announced its three remaining Russian billionaire co-founders will also resign, as it battens down the hatches for further sanctions.
Spectris abandons Oxford Instrument takeover bid amid Ukraine conflict volatilty March 7, 2022 UK precision equipment manufacturer Spectris announced it had abandoned its takeover bid for microscope-maker Oxford Instruments today, citing the market volatility sparked by Russia’s invasion of Ukraine.
Gold smashes $2000 barrier as investors rush for steady ground March 7, 2022 Gold prices surged to their highest level since August 2020 today as investors rushed for steady ground amid another day of global market turmoil.
