AJ Bell chair resigns after founder Bell is denied board seat September 27, 2022 The City watchdog has given the green light for Michael Summersgill to take over as chief of retail investment giant AJ Bell today, as founder Andy Bell prepares to step down at the end of this month after 27 years at the helm.
Close Brothers profits tumble 18 per cent amid trading slowdown September 27, 2022 Merchant banking group Close Brothers saw profits shrink by 18 per cent in the year to July as its Winterflood business was hammered by volatile markets and a slowdown in trading activity.
Fraud rates surge after scammers swoop through lockdowns September 26, 2022 Fraud rates jumped by over a quarter last year as scammers swooped on vulnerable Brits amid pandemic lockdowns, official figures revealed today.
RPS backs £636m takeover swoop from Tetra Tech September 26, 2022 Professional services group RPS said it had agreed to a £636m takeover swoop from US firm Tetra Tech today as it becomes the latest London-listed firm to be picked off by a foreign buyer this year.
LV appoints former Bupa chief David Hynam to top job September 26, 2022 Insurance giant LV group announced this morning that former Bupa chief executive David Hynam would take over leadership of the firm after the departure of controversial chief Mark Hartigan at the end of this month.
Frasers set for further MySale bid after former chairman offloads stake September 26, 2022 Frasers is set to table another cash offer for Aussie fashion marketplace MySale after a top shareholder made an “irrevocable commitment” to offload his stake to the retail group, handing it 48 per cent control.
Weekend exclusive: Challenger banks stifled by excessive regulation, warns OakNorth chief September 17, 2022 UK challenger banks are being bogged down by a need to jump through the same regulatory hoops as their larger high street rivals, the chief of digital lender OakNorth said today.
Wise investors ‘should be concerned’ by probe, top advisors warn September 15, 2022 Investors in troubled money-transfer firm Wise “should be concerned” by the regulatory investigation into its chief Kristo Kaarmann as it threatens to “dampen shareholder value”, a top advisory group has warned. The Financial Conduct Authority revealed in June it had opened an investigation into the Estonian founder after tax authorities ruled in 2021 that he [...]
Mattioli Woods profits jump after flurry of deals September 13, 2022 London-listed wealth manager Mattioli Woods posted an 88 per cent jump in profits today after a spate of acquisitions bolstered its bottom line in the 12 months to May.
Abrdn looks to bolster balance sheet with £262m Indian insurer sale September 13, 2022 Asset manager Abrdn has shed a chunk of its stake in Indian insurer HDFC today as it looks to bolster its balance sheet after swinging to a loss in the first half of the year.
