German asset managers call for ‘unhindered access’ to City post-Brexit June 24, 2018 The association that represents German asset managers has called for “unhindered access” to investment services provided by the City after the UK leaves the EU. In a policy paper the German Investment Funds Association (BVI), which represents the German asset management sector, said “proper and unobstructed” access to London investment services was crucial to the [...]
Former Stobart Group boss at heart of boardroom battle suggested reuniting group June 24, 2018 Former Stobart Group chief executive Andrew Tinkler drew up plans to merge Stobart Group with trucking business Eddie Stobart Logistics, which it span off in 2014. The merger, which was discussed as recently as last month, would have created a business with a market capitalisation of £1.7bn. Tinkler is currently engaged in a bitter battle [...]
Second-largest investor in Premier Foods lashes out at chief executive over ‘five years of failure’ June 24, 2018 The second largest shareholder in Mr Kipling-owner Premier Foods has called for its chief executive officer (CEO) Gavin Darby to be removed after years of “shareholder value destruction”. Hong Kong-based Oasis Management said today that Darby should be removed “following years of persistent shareholder value destruction, poor financial performance, consistent missed targets, a lack of [...]
Premier Foods urges support for chief exec in face of opposition from second-largest shareholder June 21, 2018 The board of Premier Foods has urged its shareholders to back its chief executive officer (CEO) despite opposition to his re-appointment from its second-largest shareholder. In an announcement today the board said it had been made aware that Hong Kong-based Oasis Management intends to vote against the re-appointment of its CEO Gavin Darby at the [...]
AIG buys UK life insurance business Ellipse from Munich Re June 20, 2018 US insurance giant American International Group (AIG) has agreed to acquire a specialist life risk protection business from reinsurer Munich Re in the UK. The business, Ellipse, is a specialist provider of group life risk protection in the UK. Group life risk is a product aimed at companies which can insure benefits due to staff [...]
UK-based ‘six sigma’-style software company iNexus to float in London June 20, 2018 Software company iNexus said today that it is set to float on London’s junior market AIM tomorrow. The Coventry-headquartered company is a ‘software as a service’ business which provides a cloud-based platform to companies to help with continuous improvement and strategy execution. Its software supports Hoshin Kanri, a strategy development method, first introduced the 1960s [...]
Multiple people injured after explosion at Southgate tube station June 19, 2018 Multiple people have been injured after an explosion at Southgate tube station this evening. British Transport Police said a small number of people have been treated at the scene by the London Ambulance Service following a minor explosion. The explosion is not being treated as suspicious with the Metropolitan Police saying that the cause of [...]
Microfinance business to attract valuation of several hundred million in London float June 18, 2018 Microfinance business ASA international is aiming for a London initial public offering (IPO) next month that is expected to value it at several hundred million pounds. The Bangladeshi-Dutch lender offers microfinance to low income female entrepreneurs and small business owners in Asia and Africa. It announced its intention to float this morning with the goal [...]
Salesforce commits to $2.5bn UK investment ahead of No 10 tech roundtable June 13, 2018 US tech company Salesforce announced last night that it was investing $2.5bn (£1.87bn) in the UK over the next five years, ahead of today’s tech roundtable at 10 Downing Street. Salesforce, a world leader in customer relationship management (CRM) software, said yesterday it would invest in the UK over the next five years to increase [...]
French asset manager Comgest bets on London with new office launch June 12, 2018 Paris-headquartered asset manager Comgest has backed London with the launch of its first UK office in Mayfair. UK-based clients represent approximately seven per cent of Comgest’s asset under management, around £1.8bn out of £25.1bn. Read more: Strong performance by asset managers fails to prevent fees being squeezed Comgest’s chief executive officer Arnaud Cosserat said: “Comgest [...]
