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Britain has long been a favoured playground for sovereign wealth funds from around the world to snap up glitzy skyscrapers, banking stakes and posh department stores.
Posted: April 18, 2019, 10:21 am
Activist Edward Bramson on Monday made a renewed plea for Barclays' investors to give him a seat on the bank's board, as the war of words between his Sherborne Investors fund and the lender's management ratchets up.
Posted: April 15, 2019, 8:47 am
Ireland's first real estate investment trust, Green REIT, which has property assets of 1.5 billion euros (£1.3 billion), is putting itself up for sale in a bid to "maximise value for shareholders".
Posted: April 15, 2019, 7:32 am
Chevron Corp doubled down on its bet on surging U.S. oil and gas output on Friday, saying it would buy shale producer Anadarko Petroleum Corp for $33 billion (£25 billion) in cash and stock that will make it the second-largest crude producer in the world.
Posted: April 12, 2019, 10:03 pm
Chevron Corp's proposed $33-billion (£25 billion) deal for Anadarko Petroleum vaults the company into top ranks of the world's biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.
Posted: April 12, 2019, 7:59 pm
Barclays is urging shareholders to oppose activist investor Edward Bramson's bid to be appointed to the bank's board at its annual general meeting on May 2, it said on Thursday.
Posted: April 12, 2019, 8:09 am
Britain's massive financial services sector won't get special access to the European Union after Brexit, City of London financial district chief Catherine McGuinness said on Wednesday.
Posted: April 11, 2019, 7:20 am
British hedge fund firm Man Group said on Thursday that investment gains pushed its funds under management up to $112.3 billion (£85.8 billion) in the first quarter from $108.5 billion at the end of December.
Posted: April 11, 2019, 7:09 am
Hedge fund managers are becoming progressively more bullish on the outlook for crude and gasoline prices, but they are turning increasingly against diesel, notwithstanding the IMO marine fuel deadline at the end of the year.
Posted: April 10, 2019, 9:04 am
Parts of the U.S. Treasury yield curve have begun moving in opposing directions, but closer scrutiny shows each section is signalling the same warning that the era of expanding economic growth and interest rate hikes is nearing an end.
Posted: April 10, 2019, 8:42 am
A British court has shut down UK Renewable Investments (UKRI) after it failed to pay back millions of pounds of investor funds, the government said on Monday.
Posted: April 9, 2019, 8:23 am
Activist Sherborne Investors on Monday wrote another letter to shareholders of Barclays seeking to drum up support for the election of its founder Edward Bramson to the board of the British bank.
Posted: April 9, 2019, 8:23 am
London-based Standard Chartered is expected to pay slightly more than $1 billion (£765 million) to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter.
Posted: April 9, 2019, 7:03 am
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million (£84 million) to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.
Posted: April 8, 2019, 4:21 pm
Just a month after the European Central Bank halted plans to normalise policy and delayed a rate increase into 2020, further signs of weakness in the economy and a whiff of panic among investors is putting the central bank back in the spotlight.
Posted: April 8, 2019, 9:17 am
An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.
Posted: April 8, 2019, 6:36 am
Sterling will rally 3 percent if the Brexit gridlock is resolved and Britain looks likely to leave the European Union with a deal but the currency will tumble 5 percent if negotiations fail, a Reuters poll found.
Posted: April 5, 2019, 7:01 am
While Brexit and trade disputes dominate financial headlines, European Union officials are warning about another risk faced by the bloc and the global economy: the growing importance of new, little-regulated systemic financial actors.
Posted: April 4, 2019, 8:46 am
Financial firms in Britain continue to shift business to new European Union hubs and won't stop unless Brexit is cancelled, a think tank told British lawmakers on Wednesday.
Posted: April 4, 2019, 7:15 am
Some environmentally focussed investors are not ready to buy into Lyft Inc or Uber Technologies Inc, worried about the climate impact of this year's two most closely watched initial public offerings.
Posted: April 3, 2019, 7:16 am