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Liontrust assets up on new fund launches

Liontrust Asset Management has reported a 9 per cent increase in assets under management for the year to June on the back of new fund launches. The firm now has now reached £11.4bn in AUM, with net inflows in the first quarter of 2018 totalling £320m. Liontrust has made a number of hires in recent […]

Tax avoiding freelancers targetted in latest HMRC push

HM Revenue and Customs has ordered £1bn in repayments from freelance workers who have hidden their real earnings using loan schemes, according to The Times. Freelancers ranging from IT staff to NHS locums are being pursued for the unpaid tax, the paper reports, after at least 20,000 contractors had been found by the taxman to […]

Invesco ends fight over fees with investment trust

Invesco Perpetual has resolved its recent corporate governance dispute with its trust Invesco Perpetual Enhanced Income. In a stock exchange announcement this morning, Invesco Perpetual Enhanced Income says it has reappointed Invesco as the manager on a revised management fee basis in a deal reflecting the previously agreed arrangements between the parties. The news comes […]

Quilter lists with £2.7bn valuation

Quilter has listed on the London Stock Exchange valued at £2.76bn. The business, formerly Old Mutual Wealth, has separated from parent Old Mutual Plc with an offer price of 145 pence per share. Quilter chief executive Paul Feeney says: “We are delighted to be in a position to list as a standalone business and are […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]

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