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From the pinnacle of the City of London's largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit.
Posted: October 15, 2019, 4:04 pm
Neil Woodford has been ousted from his flagship LF Woodford Equity Income Fund which will be shut down to pay back investors whose money has been trapped since June.
Posted: October 15, 2019, 1:22 pm
Bank of England Governor Mark Carney said on Tuesday that currency dealers should face the same tough market-abuse rules that govern share and bond trading, adding to scrutiny of London's $5 trillion-a-day foreign-exchange market.
Posted: October 15, 2019, 10:58 am
Fewer analysts are covering British companies and the quality of their reports has declined since the introduction of European Union regulations aimed at increasing transparency in financial markets, according to a survey published on Monday.
Posted: October 15, 2019, 7:29 am
Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said.
Posted: October 15, 2019, 7:08 am
British hedge fund manager Man Group said assets were hit by net outflows of client cash and adverse currency moves in the third quarter and an uncertain outlook could weigh on sentiment into year-end.
Posted: October 11, 2019, 7:29 am
Jupiter Fund Management saw net outflows of 1.3 billion pounds ($1.62 billion) in the third quarter, mainly from its European growth strategy, it said on Friday, as star fund manager Alexander Darwall prepares to leave the company.
Posted: October 11, 2019, 7:28 am
Ireland raised 2 billion euros ($2.2 billion) on Thursday from the sale of green bonds at a yield well below a debut sale a year ago, highlighting the growing popularity of the bonds which provide cash for projects with environmental benefits.
Posted: October 11, 2019, 7:10 am
Britain has rejected calls from lawmakers to give regulators more powers to protect consumers from unregulated investment products as thousands face losing money on "mini-bonds" bought from London Capital & Finance (LCF), which collapsed in January.
Posted: October 11, 2019, 7:09 am
Investors representing A$8 trillion ($5.4 trillion) have backed a call for BHP to ditch funding for industry groups whose actions are inconsistent with the Paris climate agreement, an Australian NGO said on Thursday.
Posted: October 11, 2019, 7:08 am
By Saikat Chatterjee, Hideyuki Sano and Gertrude Chavez-Dreyfuss
Posted: October 11, 2019, 7:07 am
State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.
Posted: October 10, 2019, 6:59 am
One of BHP's biggest shareholders Aberdeen Standard Investments on Wednesday added to pressure for the world's leading miner to cut ties with lobby groups it says are at odds with the company's pledges on climate leadership.
Posted: October 10, 2019, 6:58 am
How investors can pull cash from open-ended funds will be updated in December, following the high-profile suspension of money manager Neil Woodford's equity fund, the Bank of England said.
Posted: October 10, 2019, 6:42 am
The far-reaching impacts of climate change on companies have investors pressing corporate leaders for action to minimize environmental damage and to maximize disclosure of risks to their businesses. The threats range from more frequent floods or wildfires that imperil major assets to regulations that could undermine profits.
Posted: October 9, 2019, 7:12 am
Index funds now control half https://tmsnrt.rs/2Mhmc6L the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars.
Posted: October 9, 2019, 7:12 am
With weeks to go until Alison Rose takes over as CEO of Royal Bank of Scotland , shareholders are demanding a shake-up of the state-backed lender, with cuts to its minnow investment bank topping their agenda.
Posted: October 9, 2019, 7:00 am
Britain's largest specialist annuity insurer Rothesay Life said on Tuesday the National Grid UK Pension Scheme had transferred 2.8 billion pounds worth of pension risks to the insurer.
Posted: October 9, 2019, 6:57 am
Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.
Posted: October 9, 2019, 6:54 am
Finnish utility Fortum is set to gain control of Germany's Uniper by acquiring the stakes of activist funds Elliott [ECAL.UL] and Knight Vinke, potentially ending a long-running deadlock over ownership of the group.
Posted: October 8, 2019, 12:47 pm