Alliance & Leicester has warned shareholders that voting against a Santander buyout would put the lender at the mercy of “significant external risks”. A&L reveals in its voting information booklet that it sees no end to the current financial downturn.
Liontrust chief executive Nigel Legge has called on the IMA to be stricter in its UK equity income sector definitions or to split the sector.
Coventry Building Society revealed decent profits amidst mortgage market turmoil, taking 25 per cent of overall mortgage market share for mutuals.
A new version of endowment trading platform FreeTrawl.com has been launched this week.
The age-old dilemma of how to properly fund retirement has been high on the political and industry agenda this week.
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]