Shareholder Activism And M&A Surge Is A Mixed Blessing For Investment Trust Sector
Discounts not seen since the Global Financial Crisis are driving a fresh surge in shareholder activism and M&A acr... Read more
FSCS Warns Industry Levy Set To Rise To £415m For 2024/25
The Financial Services Compensation Scheme (FSCS) is set to increase its levy to £415m for the 2024/25 financial year... Read more
Chancellor Could Unveil Major ISA Reform In Autumn Statement - Reports
Chancellor Jeremy Hunt could announce significant changes to the ISA regime in the Autumn Statement on 22 November. Read more
Euro Strengthens Amid Market Quietude, Bitcoins Rally Poses Tailwind For Tech
Euro is showing signs of fortitude in relatively subdued market conditions today. The overnight rebounds in EUR/USD an... Read more
FCA Takes Aim At Wealth Managers Over High-risk And High-fee Products
The Financial Conduct Authority has slammed wealth management and stockbroking firms over practices that the regulator... Read more
Asia Dragon Assets Swell By Over £200m Following Abrdn New Dawn Merger
Asia Dragon (DGN) trust has seen its total assets grow by £214.7m following its merger with abrdn New Dawn (ABD). Read more
Abrdn Equity Income Flattens Management Fee
The board of the abrdn Equity Income (AEI) trust is flattening its management fee after reaching an agreement with its... Read more
Andrew Bailey Warns Of Risks To World Economy Posed By 'fragmentation'
Bank of England governor Andrew Bailey has warned of the risks posed by “fragmentation” to the world economy, and ... Read more
Dollar Facing Headwinds, Swiss Franc Rebounding
Dollar making efforts to continue this week’s rebound, but momentum appears to be lacking, except against Yen. Addit... Read more
UK To Outline Regulatory Rules For ESG Ratings Industry As Early As January 2024
The UK Treasury is set to outline the regulatory regime for ESG ratings providers at the start of next year. Read more
UBS Offers First AT1 Bonds Since Credit Suisse Takeover
UBS has issued its first Additional Tier 1 (AT1) bonds since taking over Credit Suisse in March, when $17bn worth of t... Read more
Newton IM Taps Wellington Management For EM And Asia Equities Chief
Newton Investment Management has poached Liliana Castillo Dearth from Wellington Management to lead the firm’s emerg... Read more
Marlborough Group Gets £5.5bn ACD Mandate From Evenlode
Evenlode and Marlborough Group have signed a letter of intent to appoint Marlborough’s Investment Fund Services (IFS... Read more
Sarasin & Partners Promotes Four From Private Client Team To Partner
Sarasin & Partners has appointed six new partners to its firm, all made from existing investment and client teams.... Read more