Edition:
United Kingdom

Simon Jessop

Investec warns of first-half profit drop as restructuring costs bite

20 Sep 2019

LONDON Anglo-South African financial services company Investec said its first-half profit will be lower than a year ago due to a jump in restructuring costs and as global trade tensions and Brexit roil its key markets.

Investors turn heat on Big Oil ahead of U.N. climate summit

18 Sep 2019

LONDON Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

CORRECTED- Investors turn heat on Big Oil ahead of U.N. climate summit

18 Sep 2019

LONDON, Sept 18 Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

RPT-Japan's biggest asset manager to expand into U.S. market -CEO

23 Aug 2019

LONDON, Aug 23 Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters.

Woodford struggles to build bridges with UK financial advisers

23 Aug 2019

LONDON With his flagship 3.7 billion pound fund frozen, money manager Neil Woodford has been travelling around Britain trying to convince independent financial advisers (IFAs) his firm remains a good long-term bet.

AQR, Marshall Wace lead hedge funds to benefit from Europe bank slide

22 Aug 2019

LONDON AQR of the United States and Marshall Wace of Britain are among hedge funds to have taken sizeable positions over the past month to benefit from perceptions of European banks' vulnerability to recession.

Climate change could rain on Saudi Aramco's IPO parade

20 Aug 2019

By Clara Denina , Sinead Cruise, Rania El Gamal and Simon Jessop

UK judge blocks $15 billion transfer of Prudential annuities to Rothesay Life

16 Aug 2019

LONDON A UK High Court judge has blocked the transfer of 12 billion pounds ($15 billion) in annuities from insurer Prudential to Rothesay Life, the two companies said on Friday.

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