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Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.
Posted: December 6, 2019, 1:01 pm
The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman's ambitious plan to open the gates to foreign investment in the kingdom. But there's no sign of a stampede.
Posted: December 6, 2019, 1:01 pm
British asset manager Schroders is restructuring its business to put more emphasis on growth areas such as private assets and wealth management, it said on Wednesday, in a move that will lead to job cuts.
Posted: December 5, 2019, 8:11 am
The LF Woodford Income Focus Fund will remain suspended while its authorised corporate director Link Fund Solutions reviews two options for it, Link told investors on Wednesday.
Posted: December 5, 2019, 8:10 am
British fund manager M&G Investments suspended dealing in its flagship UK property fund on Wednesday, blaming Brexit uncertainty and weakness in the retail sector for a surge in investor requests to cash out.
Posted: December 5, 2019, 8:09 am
Hubs in Ireland set up by asset management firms in Britain wanting to avoid any business disruption from Brexit could become employment magnets due to regulations saying they must be substantially staffed, an industry body said.
Posted: December 5, 2019, 8:08 am
Investors cheered Spanish group Repsol's pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change.
Posted: December 5, 2019, 8:07 am
A private equity consortium's $3.4 billion (£2.65 billion) takeover of British satellite company Inmarsat was approved at a court hearing on Tuesday after hedge fund investors dropped a plan to challenge the value of the deal.
Posted: December 3, 2019, 5:24 pm
Question: How do you predict the outcome of a snap election when so many polls have been so wrong, half of voters haven't made up their minds and the crucial factor may not be who wins, but how much they win by?
Posted: December 3, 2019, 8:19 am
Investors in Just Eat should back the all-share merger with Takeaway.com unless rival bidder Prosus lifts its offer for the food delivery platform to 925 pence per share, one of its biggest shareholders said on Monday.
Posted: December 2, 2019, 8:16 am
Anglo-South African financial services group Investec expects to raise about 189 million pounds from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.
Posted: November 29, 2019, 4:48 pm
European investors managing assets worth more than 1 trillion pounds are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.
Posted: November 29, 2019, 8:04 am
Business owners and major shareholders are selling down their stakes in listed companies, producing a glut of shares in a market already under pressure from a slowing economy and the impact of the Sino-U.S. trade dispute.
Posted: November 28, 2019, 8:07 am
Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion (£3.7 billion) price tag.
Posted: November 27, 2019, 6:44 pm
U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion (£33.5 billion) worth of investments which include the world's best-known sports venues and teams as well as technology companies.
Posted: November 27, 2019, 12:18 pm
The Abu Dhabi-controlled soccer group that owns Manchester City has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price tag.
Posted: November 27, 2019, 12:15 pm
Limited growth is in store for London's blue-chip stocks index as Prime Minister Boris Johnson, who promises to "unleash Britain's potential" and "get Brexit done", is leading in polls for the election on Dec. 12, investors said.
Posted: November 27, 2019, 8:08 am
Google must do more to stop illegal online marketing of money-making schemes that can lead to small investors losing their savings, Britain's regulator said on Tuesday after it banned mass-marketing of mini-bonds.
Posted: November 27, 2019, 8:07 am
The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit's chief executive told Reuters.
Posted: November 27, 2019, 7:52 am
MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions.
Posted: November 26, 2019, 7:52 am