Rebel GAM shareholders cough up £18m and push through boardroom clearout after Liontrust deal implodes August 29, 2023 The rebel investor group that disrupted Liontrust’s takeover of GAM has agreed to cough up CHF 20m (£17.9m) and push through a total boardroom shake-up today.
Next week in the City: Prudential, Bunzl and Grafton update investors August 26, 2023 Despite an August lull taking hold of the corporate calendar, Prudential, Bunzl and Grafton.
Seed stage science fund bags £29m government funding boost August 25, 2023 A seed-stage science fund run by London venture outfit Future Planet Capital has bagged a £29m funding boost from the government today to pump into early stage life science firms.
Tory peer’s CMC Markets fires warning on revenue as ‘challenging’ markets linger August 25, 2023 CMC Markets, the trading platform owned by Tory peer Lord Cruddas, fired another warning on income today as “challenging” conditions continue to weigh on activity.
Explainer: Why did Liontrust’s bid for ailing Swiss fund manager GAM collapse? August 24, 2023 Liontrust’s concession of defeat this morning brought to a close a hostile takeover spat. What went wrong?
U-turn? GAM enters financing talks with Xavier Niel-backed group after failed Liontrust takeover August 24, 2023 Ailing fund manager GAM has turned to a rebel group of shareholders for emergency funding today despite previously rebuffing the offer and favouring a takeover swoop from London-listed Liontrust.
Batting for business: England’s Jos Buttler on investing, Ben Stokes and life after sport August 24, 2023 England cricketer Jos Buttler is turning his hand to investing with the Player's Fund, launched this week.
Tax-saving venture capital trusts buck start-up investment slump August 23, 2023 Venture Capital Trusts which allow savers to make tax-savvy early-stage investments have bucked a funding slowdown this year and boosted the amount of cash they are pushing into start-ups.
Odey Investments to shutter Brook Global Emerging Markets Fund August 23, 2023 Odey Investments PLC has decided to close the Brook Global Emerging Markets Fund, according to a Tuesday letter to investors seen by Reuters.
Liontrust chief accused of tactics ‘bordering illegality’ in GAM takeover spat August 23, 2023 A rebel group of shareholders trying to block the takeover of asset manager GAM have dramatically accused Liontrust boss John Ions of tactics “bordering illegality”.
