View more on these topics

Barclays approached over possible BGI sale

Barclays has confirmed receiving expressions of interest in buying the Barclays Global Investors (BGI) asset management business.

In a statement to the stockmarket, Barclays said it had received “a number of expressions of interest” in buying its iShares trackers business, “including unsolicited interest in the broader BGI business”.

Barclays announced the sale of iShares to CVC Capital Partners on April 9, but can consider other bids until mid-June, although it would have to pay $175m to CVC if it sold iShares elsewhere.

The company did not confirm what companies wished to buy the whole of BGI but said it would update the market further “at the conclusion of the go-shop process”.

Related Articles:
Barclays confirms iShares sale

Recommended

Skills council pledges to try harder

The Financial Services Skills Council has admitted its performance has not been up to scratch but says it is committed to improving to gain a new operating licence.

Inflation tumbles further

The consumer prices index (CPI) in Britain rose by 2.3% in the year to April, down from 2.9% in March but still above the government’s target level of 2%, according to the Office for National Statistics (ONS) (PDF).The 60 basis point fall represents a steepening decline in CPI inflation, after the rate of inflation in […]

Barings winds up multi-manager range

Baring Asset Management has wound up its multi-manager range to focus on the development of its multi-asset strategy. The group confirmed it made James Calder, the head of the multi-manager team, redundant at the end of last year, while the analysts on his team moved into the broader multi-asset department. The multi-manager funds, Extended Risk, […]

Heights of sophistication

I am trying not to take this personally but here am I trying to stimulate a debate about whether or not we have of late been enjoying a bear market rally – one that will run out of steam and hit new lows – or the start of a new bull market and apparently there is no debate to be had at all.

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com