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List of five set to battle it out for Insight, say reports

Lloyds Banking Group has drawn up a list of five firms looking to buy parts of Insight’s Fund Management arm, according to reports.

Private equity firms are understood to dominate the list, with Hellman & Friedman one of those touted.

Insight launched seven years ago and currently has £116bn of assets under management. The firm was taken on by Lloyds as part of HBOS deal.


Whitehall reshuffle

Former Treasury Chief Secretary Yvette Cooper has replaced James Purnell as Work and Pensions Secretary after he quit the Cabinet last week. Angela Eagle has taken over as pensions minister from Rosie Winterton, who has only had the brief since October 2008, when she took over from Mike O’Brien.

Bright Grey enhances IP plan

Bright Grey has enhanced its income protection plan to include a rehabilitation service provided by Health and Case Management Limited.

European fund sales on the rise

Net sales of European funds hit 3 billion (2.6 billion) in April, up from 75m in March, according to Lipper FMI’s Fund Flash Report. However, the inflow is a fraction of the 16 billion of inflows in the same month last year. The figure was boosted by a net inflow of 3.6 billion into bond […]

The Merchants Trust PLC – May 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]


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