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Monday, February 17, 2020

Reuters: Funds News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Clothing and furnishing retailer Laura Ashley said on Monday its main banking lender and majority shareholder were in talks regarding the company's immediate funding needs, as it reported a drop in half-year revenue.
Posted: February 17, 2020, 10:00 am
British money manager Jupiter Fund Management has agreed to buy rival Merian Global Investors for an initial 370 million pounds ($483 million) in shares, in a deal that will make it Britain's second-largest retail funds provider.
Posted: February 17, 2020, 8:57 am
South Africa-based banking group Investec is pressing ahead with the spin out of its asset management unit, with the renamed business Ninety One confirming its intention to float in London and Johannesburg on Monday.
Posted: February 17, 2020, 8:28 am
Britain's 1,100-year-old Royal Mint said on Monday it will launch an exchange-traded product this week backed by physical gold held in its vault in Wales, which will trade on the London Stock Exchange.
Posted: February 17, 2020, 8:21 am
Bank of England Governor Mark Carney called on the world's businesses to publish strategies for cutting carbon emissions and adopting cleaner power sources by November, when world leaders meet in Scotland for U.N.-led climate talks.
Posted: February 14, 2020, 3:20 pm
Hedge funds betting that the Swiss franc will climb further against the euro will soon meet their match, according to investors who are taking the other side of the trade.
Posted: February 14, 2020, 3:18 pm
Owning a piece of art is not just for the ultra-wealthy anymore.
Posted: February 13, 2020, 10:44 pm
Some of London's top hedge funds and asset managers are among those that have been targeted by rogue internet operators who clone their names and websites in an attempt to part unsuspecting investors from their cash.
Posted: February 13, 2020, 11:24 am
Big investors who are critical to SoftBank Group's plans for a second massive technology investment fund are refusing to take part unless the first $100 billion (77 billion pounds) Vision Fund can turn around its performance, sources familiar with the talks told Reuters.
Posted: February 13, 2020, 7:52 am
Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund.
Posted: February 13, 2020, 7:52 am
SoftBank Vision Fund has around 50 winners in its $100 billion (£77 billion) portfolio and a dozen or more companies could pursue listings over the next 18 months, Rajeev Misra, chief executive of SoftBank Investment Advisers, said on Wednesday.
Posted: February 13, 2020, 7:52 am
Competition authorities may be better equipped than securities regulators to ensure that exchanges charge fair prices for data on stock prices, Europe's top asset managers and banks said on Tuesday.
Posted: February 12, 2020, 7:41 am
The world's biggest cryptocurrency asset manager said on Tuesday it was seeing efforts to shift bitcoin production to North America from China, which dominates digital coin mining.
Posted: February 12, 2020, 7:40 am
The European Union should continue to recognise Britain's financial services industry as meeting equivalent regulatory standards when a Brexit transition period ends next year, finance minister Sajid Javid said on Tuesday.
Posted: February 12, 2020, 7:39 am
Britain wants a stable relationship with the European Union for "decades to come" in financial services, finance minister Sajid Javid said on Tuesday, only to receive an instant rebuttal from Brussels.
Posted: February 12, 2020, 7:39 am
Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.
Posted: February 11, 2020, 8:50 am
Hargreaves Lansdown's largest investor Peter Hargreaves will sell shares worth about 500 million pounds in the British investment platform via a sale to institutional investors, a bookrunner on the deal said.
Posted: February 7, 2020, 8:13 am
Investment platforms must show clearly how they select, monitor and deselect funds from the lists of recommendations they market to customers, Britain's markets watchdog said on Thursday.
Posted: February 7, 2020, 8:11 am
Emerging markets-focused money manager Ashmore Group's assets under management rose 7% in the six months to Dec. 31, helping it to better than expected profit and lifting its shares by more than 2% on Thursday.
Posted: February 6, 2020, 9:02 am
Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on that front during Tuesday night's State of the Union address.
Posted: February 6, 2020, 8:12 am