City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms Markets A group of City grandees has sounded the alarm on the wave of foreign firms picking off rivals from London’s stock market, after a flurry of unsolicited offers took the combined value of UK companies poised to leave Britain’s ailing bourse to £43bn. Some 22 listed companies have already accepted or received bids that would [...]
Schroders backs Wayve and Elevenlabs with UK’s first venture capital fund for pensions Investing Autonomous vehicle unicorn Wayve and deeptech darling Elevenlabs are among the fast-growing unicorns that have been backed by the cash raised in a historic funding round by the UK’s first venture capital vehicle set up to cater for pensions. Schroders Capital announced on Wednesday it had injected over £100m into British-based tech and life sciences [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost Markets Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Victory Capital raises offer as Janus Henderson bidding war heats up March 17, 2026 Victory Capital has increased its offer for rival asset manager Janus Henderson as the bidding war with Trian Fund Management and General Catalyst heats up. The latest offer from Texas-based Victory Capital comes just days after its previous approach was rejected, with the firm saying on Tuesday it would offer $40 (£29.96) per share in [...]
Schroders: Mega mergers test tech more than balance sheets February 24, 2026 The real test of most recent mega mergers like Schroders’ takeover by Nuveen lies far from the dealing desks and investment committees – rather It sits inside the nooks and crannies of technology engine rooms that keeps the pulse of modern-day investing pumping, says Gus Sekhon The City loves nothing more than a takeover tale [...]
Schroders chief executive vows to keep Cazenove Capital February 23, 2026 Schroders’ chief executive has vowed that the company will retain its wealth management business following its £9.9bn takeover by US fund manager Nuveen. Richard Oldfield’s pledge comes after days of speculation surrounding the future of the wealth manager, driven by minimal detail on how it would be integrated into the business in its announcement just [...]
What does the Schroders acquisition mean for Cazenove Capital? February 19, 2026 The City was stunned last Thursday, after one of London’s oldest financial institutions entered a surprise mega deal with an American investment firm. Schroders announced it had agreed a £9.9bn takeover by Nuveen, ending over two centuries of independence for the asset manager. The shock acquisition is set to create one of the world’s largest [...]
FTSE 100 Live: Natwest bumper dividend, stocks tick up February 13, 2026 Good morning and welcome back to the City AM liveblog. The City was left stunned yesterday after Schroders entered into a surprise £10bn deal with Nuveen, which holds $1.4tn in assets, after speculation of a sale was rebuffed in July. Schroders Group chief Richard Oldfield had previously squashed rumours that the Schroder family, who control [...]
City stunned by Nuveen’s £10bn swoop on Schroders February 12, 2026 City analysts were stunned by Thursday morning’s announcement that Schroders has entered into a surprise £9.9bn deal with Nuveen, which holds $1.4 trillion in assets, after speculation of a sale was rebuffed in July. Schroders Group CEO Richard Oldfield squashed rumours that the Schroder family, who control almost half of the company’s shares, were eyeing [...]
Another blow to Stock Exchange as Schroders snapped up by US rival in shock £10bn deal February 12, 2026 Asset manager Schroders has agreed to a £9.9bn takeover by American investment firm Nuveen, in a deal that would end over two centuries of independence for the UK’s largest standalone asset manager. Under the terms of the agreement, Schroders shareholders will receive 612 pence per share, including a cash consideration of 590 pence and a [...]