Start-up splash: British Business Bank’s ‘mandate’ could change to beef up growth investment March 1, 2024 A new government could change the mandate of the state-backed British Business Bank to enable it to ramp up investment into bigger start-up rounds, its chief executive has suggested. Speaking with City PM’s Bonds & Ballots series, Louis Taylor, the chief executive of the state-owned development bank, said there “is some scope” for a new [...]
Wincanton switches horses and backs new £762m takeover bid – but will French suitor come back? March 1, 2024 Wincanton looks set for a £762m takeover by Clipper logistics owner GXO after bosses withdrew their backing for a rival bid and waved through a new offer to shareholders.
Schroders profits slide in ‘one of the most challenging years of recent times’ February 29, 2024 Schroders reported a rebound in assets under management but a slide in profits today as it weathered “one of the most challenging years” for money managers “in recent times”.
Hedge fund group Man sees assets under management swell to a record, announces new buyback February 29, 2024 Man Group, the world's largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees.
London Stock Exchange owner pledges ‘aggressive’ IPO push after ‘encouraging’ signs of revival February 29, 2024 The owner of the London Stock Exchange said it was seeing an “encouraging IPO pipeline” for the year ahead today as it looks to rebound from a historic slump in listings last year.
Hamilton Lane: Why retail investors should be diving into private markets February 29, 2024 The new co-CEO of Hamilton Lane has one goal: getting retail investors excited about private markets.
FCA under fire for ‘sinister’ plans to ‘name and shame’ firms February 28, 2024 City lawyers have launched a broadside on the Financial Conduct Authority today for what they call “sinister” plans to change enforcement rules that could unfairly damage the reputation of firms.
Is there anything good in St James’s Place’s results? February 28, 2024 Britain’s biggest wealth manager St James's Place saw its stock price hit its lowest since December 2012 this morning on the back of a gruelling 2023 results.
St James’s Place shares plummet as bosses set aside £426m for complaints February 28, 2024 Wealth manager St James’s Place said it had been a “challenging” year today as its cash result cratered on the back of an overhaul in its fee structure and provisions for a deluge of complaints.
Abrdn hands chief £800k bonus as profits dip and clients pull £13.9bn February 27, 2024 Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.
