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Nomura to shut European equities business

Nomura plans to shut its European equity operations in a cost cutting move that could see 1,000 jobs affected across the US and Europe, reports state. The Japanese brokerage business plans to shut its equity research, sales, trading and underwriting business in Europe, as well as cutting jobs in the US, Bloomberg reports. Nomura employs 3,433 staff in Europe […]

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James Hay parent on acquisition hunt as profits rocket

IFG, the firm behind platform and Sipp provider James Hay, has reported a 48 per cent surge in adjusted operating profit for 2015 as it seeks further Sipp acquisitions. The firm’s preliminary 2015 results, published this morning, reveal operating profit across the business – excluding any decrease in value of intangible assets and exceptional costs […]

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Unbiased urges FCA to act on Which? false qualifications findings

Unbiased is calling on the FCA to intervene after a Which? investigation found more than half of firms sampled had inaccurate qualification information. Which? looked at advisers in 10 postcodes in February this year and compared those who claimed to have professional qualifications on Unbiased with official lists from the bodies themselves. Of the 92 […]

Brazil’s Lula: conviction upheld

Brazil’s 4th  Federal Regional Court of Appeals (TRF-4) has upheld former president Lula’s criminal conviction on charges of money laundering and passive corruption. Neptune’s Thomas Smith looks at the potential outcomes, explaining why Brazil’s tail risks are being removed. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past […]

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