Edition:
United Kingdom

Simon Jessop

Softbank pushes link-ups as insurance strategy takes shape

11:36am BST

LONDON Softbank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters.

Schroders third-quarter assets buoyed by institutions as retail demand falters

8:46am BST

LONDON British investment manager Schroders reported a 0.7 percent increase in third-quarter assets under management, as growth in institutional assets more than offset a fall in those managed for retail clients.

Lloyds awards 30 billion pound investment contract to BlackRock

12 Oct 2018

LONDON Lloyds Banking Group has awarded BlackRock a 30 billion pound ($40 billion) slice of one of Europe's biggest investment contracts to be invested using the U.S. company's various index strategies.

Hedge fund Oceanwood promotes Garcia-Woods to number two - source

12 Oct 2018

LONDON Oceanwood Capital Management has promoted Julian Garcia-Woods to the role of chief portfolio advisor in a reshuffle of the $2 billion (£1.5 billion) hedge fund's leadership, a source with direct knowledge of the matter told Reuters.

Ashmore first quarter assets up 3 percent on inflows, market gains, deal

12 Oct 2018

LONDON Emerging markets-focused fund manager Ashmore said assets under management rose 3 percent in its first quarter, boosted by inflows of client cash, market gains and acquired assets.

Opaque markets get a little clearer after EU rule change

11 Oct 2018

LONDON Ten months after new European Union rules designed to boost market transparency kicked in, the initiative appears to be working, having fuelled a dramatic jump in electronic trading across some of the financial world's most opaque markets.

Jupiter slides to 27-month low as outflows jump

11 Oct 2018

LONDON Shares in British fund manager Jupiter hit 27-month lows on Thursday after it reported much larger than expected outflows in the third quarter, feeding a slide in asset management stocks that outstripped a wider market sell-off.

Hargreaves Lansdown assets up three percent on inflows, market moves

11 Oct 2018

LONDON Fund supermarket Hargreaves Lansdown shrugged off market jitters to post a 3 percent rise in assets in its first quarter, bolstered by a jump in new clients and market gains.

Aviva splits with CEO Wilson over share price lag

09 Oct 2018

LONDON Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for.

Britain's Schroders gains on potential Lloyds wealth deal

09 Oct 2018

A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain's biggest bank, which would gain investment skills and greater diversification, analysts said.

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