United Kingdom

Simon Jessop

Woodford analysis suggests investors may lose a third of their money

6:53pm GMT

LONDON Investors in British money manager Neil Woodford's flagship fund could lose more than 1 billion pounds, four times more than had it reopened in December, according to estimates made by his firm before the shock closure of the fund.

Canadian pension scheme CDPQ earmarks more cash for infrastructure

10:48am GMT

LONDON Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors, plans to potentially double its allocation to infrastructure to as much as 15% over the next four years.

Invesco UK manager defends 'well diversified' funds after downgrade

08 Nov 2019

LONDON Invesco fund manager Mark Barnett on Friday challenged a downgrade this week by fund rating firm Morningstar of his Invesco High Income UK and Income UK funds.

Equity trading to only get bloodier in Europe after Macquarie exit

04 Nov 2019

LONDON Macquarie Group's sudden exit from European and U.S. equity trading may just be the start of a large-scale retreat from the once-thriving business, as all but the biggest global banks struggle to make it pay.

Cyber attack on Asia ports could cost $110 billion: Lloyd's

30 Oct 2019

LONDON A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday.

Softbank's Vision Fund pumps extra $655 million into Greensill

28 Oct 2019

LONDON SoftBank Group Corp's technology-focused Vision Fund has invested an extra $655 million in Greensill Capital to bolster the financing group's global expansion.

Schroders to manage Woodford Patient Capital after founder's exit

24 Oct 2019

LONDON Woodford Patient Capital Trust (WPCT) named asset manager Schroders to manage its portfolio on Thursday after last week's abrupt exit of its founder Neil Woodford.

St. James's Place posts record third-quarter funds under management

22 Oct 2019

LONDON British wealth manager St. James's Place said funds under management hit a record high in the third quarter, as its affluent clients put more cash into their pensions.

UPDATE 2-BNP Paribas takes Allfunds platform stake as fund managers cut costs

21 Oct 2019

* Consolidation underway in the sector (Adds analyst comment, detail)

FTSE debutant M&G still in shadow of glitzier Prudential

21 Oct 2019

LONDON Shares in UK and Europe-focused asset manager and insurer M&G fell slightly on its first day of trading after being demerged from Asia-focused Prudential , which soared to the top of Britain's top share index.

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