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Private equity fund Causeway Capital Partners confirmed on Thursday that it had agreed terms with administrators to buy British cafe chain owner Patisserie Holdings for an undisclosed sum.
Posted: February 15, 2019, 8:33 am
Daring investors are dipping their toes back into UK housebuilders, attracted by high dividend yields and low valuations even though they are seen as among the most vulnerable sectors in the event of a messy Brexit.
Posted: February 15, 2019, 8:31 am
Ashmore's shares slumped on Thursday as the chief executive and majority owner of the emerging markets-focused fund manager revealed plans to sell down his stake, overshadowing a rise in assets under management.
Posted: February 14, 2019, 9:57 am
Pernod Ricard will embrace change and continue "constructive" talks with activist investor Elliott Management, CEO Alexandre Ricard said on Tuesday while dismissing speculation that the company could become a takeover target.
Posted: February 13, 2019, 8:33 am
European Union states backed on Tuesday a watered-down reform of regional supervision of money managers and other financial firms, top EU officials said, in a move that could leave open critical regulatory loopholes before Brexit.
Posted: February 13, 2019, 8:32 am
At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. The head of fixed income is planning to fill 10 percent of a yuan-focused portfolio this year with U.S. dollar bonds, sold by Chinese companies outside of the mainland market.
Posted: February 13, 2019, 8:31 am
Shares in Debenhams surged by a third in value on Tuesday after the embattled UK retail chain secured £40 million in extra funding from some of its lenders, giving it more time to secure its longer-term future.
Posted: February 13, 2019, 8:30 am
Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch's survey for the first time in its history.
Posted: February 12, 2019, 1:15 pm
A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date.
Posted: February 12, 2019, 8:13 am
An activist investor urged online food delivery firm Just Eat to pursue merger talks with a peer such as Takeaway.com, saying on Monday it did not trust the board to get the appointment of a new CEO right.
Posted: February 11, 2019, 12:29 pm
About 100 financial companies and start-ups from Britain and elsewhere are applying for a licence in burgeoning fintech hub Lithuania to ensure they have access to the European Union after Brexit, the country's central bank told Reuters.
Posted: February 8, 2019, 2:12 pm
(This Feb. 7 article has been corrected to show, in fourth paragraph, that a temperature rise of 2°C is equivalent to 3.6°F, not 35.6°F)
Posted: February 8, 2019, 1:35 pm
Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins.
Posted: February 8, 2019, 12:56 pm
Drinks group Pernod Ricard defended its performance and strategy on Friday, in the light of renewed criticism of the company from activist fund Elliott.
Posted: February 8, 2019, 9:11 am
The detailed rules for a Nasdaq-style start-up board in Shanghai have fuelled hopes among early-stage companies the new regime could bring about positive changes in China's stance towards raising equity that investors have been seeking.
Posted: February 8, 2019, 9:08 am
Credit Suisse's asset management arm has successfully tested blockchain to process investment fund trades, the latest financial institution to show an interest in technology that could speed up transactions and keep them secure.
Posted: February 8, 2019, 9:05 am
The boss of Pernod Ricard said on Thursday that the priority of the French spirits group, which is under pressure from activist investor Elliott, was to create long-term value and added he had no plans to sell its champagne assets.
Posted: February 7, 2019, 9:53 am
Britain's markets watchdog will force asset managers to be more transparent about the costs they charge customers if the industry does not implement a voluntary scheme to improve transparency within a year.
Posted: February 7, 2019, 8:23 am
A record number of 'socially conscious' mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing demand from retail investors.
Posted: February 7, 2019, 8:22 am
Britain's financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit grows, a new Reuters survey showed.
Posted: February 5, 2019, 7:27 pm