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AFH to raise £6.5m in acquisition push

IFA consolidator AFH Financial is aiming to raise up to £6.5m in new funding through a share offering. The AIM-listed firm has issued 2.7m placing share at 165p each and 1.2m subscription shares also at 165p per share. AFH says the placing price is discounted at 12.7 per cent compared to the closing share price […]

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Woodford hires ex-FBI agent to investigate £16m paper loss

Neil Woodford has hired a former FBI agent to investigate an American drugs developer after claims of financial irregularities pushed him to a $24m (£16m) paper loss. The Times reports that Woodford Investment Management has written to the board of Northwest Biotherapeutics calling on the company to appoint the ex-FBI agent as a non-executive director. […]

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Jupiter CFO to step down

Philip Johnson is stepping down from his role as chief financial officer at Jupiter Asset Management. The move was due to “a narrowing of the role” amid “broader changes” to Jupiter’s executive committee, the firm said today. Johnson will remain in his post until May 2016 to help with the transition of his successor. Shares in […]

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Three million missing out on workplace pension contributions

Steve Webb, Director of Policy and External Communications, Royal London  New analysis by mutual insurer Royal London has found that over three million people working for larger employers are failing to take up around £2bn a year which their employers have offered to contribute to their workplace pension schemes. In many workplaces, workers pay a […]

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