Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
Visa and Mastercard shut out Russian financial institutions from networks March 1, 2022 US card payment giants Visa and Mastercard have shut out Russian financial institutions from their payments networks after Western nations ramped up sanctions on Russian firms.
Shares in Russian retailer Fix Price tumble after sanctions hit VTB March 1, 2022 Shares in London-listed Russian retailer plunged yesterday after it suspended a planned share buyback programme due to sanctions slapped on the firm’s bank, the state-owned Russian lender VTB Capital.
Man Group profits surge as assets under management hit $148.6bn March 1, 2022 Asset management firm Man Group reported a surge in profits today as its total assets under management (AUM) soared to a new high of $148.6bn.
Abrdn rules out Russia investment as revenues rise for the first time since merger March 1, 2022 FTSE 100 asset manager Abrdn hailed 2021 as its “reset” year today as it posted a jump in operating profits and growth in revenues for the first time since its merger with Standard Life in 2017.
Dividends to soar to $1.52tn in 2022 after post pandemic rebound March 1, 2022 Global dividends will surge to record levels in 2022 after payouts rebounded from a pandemic slump last year, a leading asset management firm has predicted.
London small business investment surges past £10bn in 2021 March 1, 2022 Equity investment in to London’s smaller firms surged past £10bn in the first three quarter of 2021 as investors looked to capitalise on the economic recovery of businesses in the capital, fresh data has revealed.
Arm boss pushes through management shake up as firm prepares for IPO February 28, 2022 The new boss of British chipmaker Arm has ordered a management shakeup that will see half of the firm’s top bosses culled as it heads for a major initial public offering (IPO) next year.
Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
Klarna losses soar as bosses double down on growth February 28, 2022 Swedish buy-now pay-later (BNPL) giant Klarna has reported soaring losses after accelerating its global expansion to add 10 new markets since the start of 2020.
