Mondi pulls out of DS Smith bidding war in win for US buyer April 19, 2024 Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.
Man Group: World’s largest publicly listed hedge fund’s assets swell to new record April 19, 2024 The world’s largest publicly listed hedge fund group updated its shareholders with a trading statement
Badenoch accuses FCA of ‘overreach’ with diversity rules April 18, 2024 Kemi Badenoch has accused the Financial Conduct Authority of regulatory “overreach” on diversity and inclusion after the watchdog outlined plans to boost representation in the City.
Cathie Wood’s ARK expands to Europe despite poor performance April 18, 2024 Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. “These funds managed to lose value for shareholders even [...]
The newest finfluencer in town: Neil Woodford April 18, 2024 The former Woodford Equity Income fund manager launched a new blog yesterday called Woodford Views, aiming to "shed some light" on what led to his firm's collapse.
Segro hikes rents and eyes expansion following fundraising April 18, 2024 In the first three months of 2024, the real estate investment trust invested £99m in new developments, with £600m total expected to be spent throughout the year, it said in a trading update.
Home REIT set to sue former investment manager as shareholders circle April 18, 2024 Home REIT has threatened to sue its former fund manager Alvarium today as it faces its own legal challenge from a group of shareholders who claim to have been misled.
AJ Bell customers pass half a million as investors flock to low-cost platform April 18, 2024 The number of AJ Bell customers has surpassed half a million, up from under 200,000 when the company listed in 2018.
ESG is ‘dying’ – but that might be a good thing, says former Blackrock green chief April 18, 2024 Tariq Fancy says Blackrock's
Billions vanish from retirement funds after pension providers shutter April 17, 2024 FSCS was able to pay back about £1.2bn in compensation over the last five years, meaning that investors were left with up to £800m in lost pension funds.
