London Stock Exchange Group shifts FTSE Russell top job to New York June 1, 2023 The London Stock Exchange Group (LSEG) has called in a new boss to head up its indexing business FTSE Russell today - but in a major shake-up up the firm has swapped the top job out of London to New York.
TEAM: AIM-listed asset manager in acquisition spree with £850m now under control June 1, 2023 TEAM, the Jersey-based asset manager, has announced two acquisitions today bringing its total funds under control to more than £850m It agreed to buy Thornton Associates, based in the Isle of Man, for up to £2.5m and that the acquisition was a “natural fit” for its existing assets in Jersey. Thornton serves around 180 clients, [...]
FCA urges Woodford’s burnt investors to ‘seriously consider’ £235m redress deal June 1, 2023 The Financial Conduct Authority has urged Neil Woodford’s burnt investors to “seriously consider the offer on the table” after it struck a redress deal with the fund’s administrator earlier this year.
Don’t fear an AI bubble – investor optimism is roaring back, says Hoberman June 1, 2023 A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs.
Monzo: Digital bank narrows losses as it chases fintech rivals toward profitability May 31, 2023 London-based challenger bank Monzo said it narrowed its losses last year and has now swung into the black as it scrambles after its rivals in the race to reach steady profitability.
Spectacular froth in AI stocks, says top City strategist May 31, 2023 One analyst believes artificial intelligence represents the 'madness du jour' on global stock markets amid valuation spikes
World’s biggest natural soda ash producer plots rare London listing in boost to the City May 31, 2023 The world’s biggest soda ash producer has revealed plans for a rare London listing today in a boost to the London Stock Exchange after a barren period to start the year.
Home REIT shareholders aren’t holding their breath for more answers May 31, 2023 Many of Home REIT’s shareholders, tenants and adversaries hoped the appointment of a new investment adviser last week would signal an end to the obfuscation of the past seven months. AEW, a recognisable and seemingly safe pair of hands, gave some reasonable hope it would be straight talking from then on. No such luck. Yesterday’s [...]
More to come: Bunzl doubles down on dealmaking bonanza as it sails past 200 acquisitions May 30, 2023 Ever-acquisitive outsourcing group Bunzl said it is eyeing yet another spate of deals today as it passed the 200 acquisition mark with the purchase of two Brazilian and Spanish safety distributors. In a statement this morning, the FTSE 100 London-based firm said it had struck two deals to buy Leal Equipamentos de Proteção, a specialised [...]
Scottish Mortgage rebuts former director’s barbs as boardroom bust-up continues May 30, 2023 The Scottish Mortgage Investment Trust has rebutted fresh claims from its former director Amar Bhide after he filed a complaint with regulators claiming that the firm misled investors over his exit.
