Edition:
United Kingdom

Maiya Keidan

Hedge fund Toscafund says UK equity stocks "incredibly cheap"

16 Nov 2018

LONDON, Nov 16 UK share price losses following the release of Prime Minister Theresa May's draft agreement on exiting the European Union make British stocks even more undervalued than previously, and thus more attractive, UK-based hedge fund Toscafund Asset Management said.

Monte dei Paschi shows restructuring progress in third quarter

09 Nov 2018

MILAN State-owned bank Monte dei Paschi di Siena on Friday showed that its restructuring is advancing when it reported a third-quarter net profit driven by cost cuts that offset lower revenue and one-off charges.

UPDATE 1-NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

RPT-Ex-BlackRock credit chief eyes 2019 hedge fund launch -sources

30 Oct 2018

* Eyes Q2, 2019 launch; may start with $300-$750 mln -sources

Ex-BlackRock credit chief eyes 2019 hedge fund launch: sources

30 Oct 2018

LONDON BlackRock's former head of European fundamental credit is preparing to launch his own hedge fund next year in what is likely to be one of the year's biggest debuts, three sources with knowledge of the matter told Reuters.

Ex-BlackRock credit chief eyes 2019 hedge fund launch -sources

30 Oct 2018

* Eyes Q2, 2019 launch; may start with $300-$750 mln -sources

Retired hedge fund boss Martin Taylor says he plans to get back in the game

25 Oct 2018

(This version of the Sept. 10 story corrects description of Nick Barnes in paragraph 2, also corrects names of founders to Taylor, Eoghan Flanagan and Rory Landman in paragraph 18)

GAM flows a warning sign for asset managers over culture

23 Oct 2018

LONDON Swiss-based GAM's stringent response to suspected rule breaches by one of its top fund managers has cost it dear - leaving an asset management industry, facing ever tighter regulation, at pains to avoid the same fate.

Sandwich maker Greencore abandons U.S. ambitions with $1 billion disposal

15 Oct 2018

DUBLIN British sandwich maker Greencore Group has agreed to sell its entire U.S. business for a little more than $1 billion, it said on Monday, abandoning the market only two years after spending heavily in an effort to quadruple sales there.

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