Asset manager demands at least £27mn in damages after buying financial adviser platform from mutual
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UK asset management group hires Andrew Chorlton from Schroders as replacement
FTSE 100 company chief focuses on under-developed private credit markets in Europe
Housebuilder announces exit of chief executive as it reports drop in earnings and completions
Fund firms under pressure as investors move into low-cost, high-yielding money market funds
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Move follows lack of demand in wake of Brexit vote and pandemic lockdowns
Building up asset and wealth management units is a good idea but investors will need to be patient
Move highlights an issue where some savers are forced to crystallise capital gains — and so incur a tax liability
Big shareholders will vote against £481mn offer from US firm saying it undervalues company
Andrea Rossi insists company ‘has what it takes’ to expand organically as he unveils cost-cutting strategy
Investors withdrawing millions of pounds triggers sale of prime property
BOOO!
Former Axa executive to take over from John Foley in October
Plus, should M&G break-up and SocGen’s big succession question
Investors should wait for results of leadership change before pursuing a further demerger
Three years after group’s demerger from Prudential, critics say structure does not work
Jack Daniels is retiring from asset manager as the company looks for a new CEO
Departure will take place once a successor is in position at UK savings and investment group
Asset manager has suffered heavy investor withdrawals in recent years
Growing chorus of sceptical investors puts takeover in greater doubt
Top-five shareholder becomes latest big City investor to criticise buyouts of UK listed companies
It would be prudent to apply caution when investing in a fund that has a relatively narrow focus
Departure follows temporary leave of absence from investment group in January
