View more on these topics

Premier fails to get MBO backing

Premier Asset Management has failed to secure sufficient shareholder backing for its planned MBO.

Chief executive Mike O’Shea said earlier this month that the deal was imperative to prevent Premier becoming a target for a potentially hostile takeover, particularly if markets fell.

Premier said this week it was extending the deadline for the offer to August 24 after only managing to get support for the deal from 40.47 per cent of shareholders, less than half of the 90 per cent needed.

The bid, backed by Electra Partners, has been attacked by shareholders including Unicorn Asset Management and Water Hall Group. Both say it undervalues the business.

O’Shea said: “The asset management industry is cyclical so there is a certain dependency on the performance of the equ-ity market and, to an extent, we are at the behest of them, especially if markets struggle and we were subject to a takeover.”


It’s in the mix

Many people forget that retirement planning does not just revolve around pension schemes

Student union

It has recently been announced that the UK is enjoying the lowest level of unemployment for many years. The figure still exceeds 1.2 million and there are some of us around who can remember when a figure of one million caused a political storm. Perhaps today we must accept such figures and celebrate the fact that they are no higher.

Loan broking firm buys network

Mortgage Broking Services has acquired Professional Mortgage Partnerships Network, which will create a combined network of more than 400 mortgage advisers.

Rayner Spencer Mills: Why we rate the Artemis US Select Fund

Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 thought leadership.

    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