News by: James Phillipps

Bankers' bonuses to be subject to up to 10 years clawback period

by James Phillipps on Jul 30, 2014 at 10:33

The Financial Conduct Authority and Prudential Regulation Authority plan to increase the clawback period for bankers’ bonuses to up to 10 years and extend the deferral of remuneration by a minimum seven years for senior managers.

The Gherkin up for sale for £650m

by James Phillipps on Jul 29, 2014 at 08:09

The Gherkin, one of the City's more recent iconic landmarks, has been put for sale by receivers with hopes it will reach £650 million.

Electra rejects activist Bramson's restructuring proposals

by James Phillipps on Jul 29, 2014 at 07:55

(Update) Electra Private Equity has turned down activist shareholder Sherborne Investors Management's requests for a change of directors and strategy at the trust.

St. James's Place ups divi 40% as AUM hit £47.6bn

by James Phillipps on Jul 29, 2014 at 07:37

St. James's Place's saw assets under management (AUM) rise by 7% in the first half of the year to hit a record high of £47.6 billion although profits took a £7 million hit from the Financial Services Compensation Scheme (FSCS) levy.

Lloyds hit with £217 million fine over Libor manipulation

by James Phillipps on Jul 28, 2014 at 14:04

Lloyds Banking group has been hit with a combined fine of £217.4 million by the UK and US regulators for its role in the Libor manipulation scandal.

London gold fix operator appoints committee to oversee spot price

by James Phillipps on Jul 25, 2014 at 15:06

The London Gold Fixing Ltd has set up a new supervisory to oversee the pricing of the precious metal following a series of regulatory probes into price-rigging.

The FCA issues fresh warning on corporate bond funds

by James Phillipps on Jul 25, 2014 at 14:49

The Financial Conduct Authority (FCA) has issued a further warning to consumers about the risks of investing in corporate bond funds.

Brooks Macdonald's AUM surge 28% as DPZ effect kicks in

by James Phillipps on Jul 24, 2014 at 08:23

Brooks Macdonald's assets under management rose by 28% year-on-year, bolstered by the acquisition of DPZ Capital in April.

Close Brothers' loan book growth outstrips AUM rise

by James Phillipps on Jul 24, 2014 at 08:11

Close Brothers saw assets under management rise by 4% to £9.7 billion, while its loan book surged by 8% to £5.2 billion in the five months to the end of June.

Rathbones' profits surge 33% despite £15m legal payout

by James Phillipps on Jul 24, 2014 at 08:00

Rathbone Brothers is to pay £15 million to settle a long-running legal dispute involving its former Jersey trust subsidiary and an ex-employee.

Bundesbank boss urges Britain not to quit EU

by James Phillipps on Jul 24, 2014 at 07:01

Bundesbank supremo Jens Weidmann has urged Britain not to quit the European Union, even quoting The Beatles to sell the mutual economic benefits of the country retaining its membership.

Is it time to harvest income from agricultural land?

by James Phillipps on Jul 23, 2014 at 14:34

UK farmland prices are expected to continue hitting record highs over the next year, albeit at a slower rate than seen over the last 18 months.

What’s behind the rise of shareholder activism?

by James Phillipps on Jul 22, 2014 at 13:42

It has been a busy year for shareholder activism with a number of firms on the end of revolts.  

Barnett's Edinburgh Trust ups gearing limit to 25%

by James Phillipps on Jul 18, 2014 at 13:55

The Edinburgh Investment Trust has increased its maximum permitted gearing to 25% and refinanced £100 million debenture stock.

Redmayne’s Nicola Loudon flies nest to Charles Stanley

by James Phillipps on Jul 16, 2014 at 14:33

Charles Stanley has added to its team in Leeds with the hire of Nicola Loudon from Redmayne Bentley.

Royal Mail could face 'material losses' from French anti-trust probe

by James Phillipps on Jul 16, 2014 at 07:52

In a stock market announcement, the company said that it has received notice from the French competition authority, the Autorité de la Concurrence, that its French subsidiary, GLS France, is being investigated over its 'alleged activities within the industry' in France.

Brewin commits to Scotland despite ‘palpable’ uncertainties

by James Phillipps on Jul 16, 2014 at 07:15

Brewin Dolphin has told clients north of the border that it is committed to its Scottish offices despite ‘palpable’ uncertainty around the impact of a potential ‘Yes’ vote in the independence referendum.

Fani Titi takes chair at Investec as Sir David Prosser steps down

by James Phillipps on Jul 16, 2014 at 07:11

Sir David Prosser is to step down as joint chairman of Investec in a move that will see Fani Titi named the company’s sole chair.

Yellen: Fed needs to maintain 'high degree' of QE

by James Phillipps on Jul 15, 2014 at 15:17

Janet Yellen has said that Federal Reserve needs to maintain ‘a high degree’ of quantitative easing because there is still ‘significant slack’ in the labour market.

HMRC reveals the top 10 tax credit renewal excuses

by James Phillipps on Jul 15, 2014 at 15:01

With the deadline for renewing tax credits looming on 31 July, HM Revenue & Customs reveals the top 10 excuses for not renewing claims.

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Unconstrained investing: Opportunities accross the board

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Richard Bullas, Portfolio Manager, Franklin UK Smaller Companies Fund and delegates at Citywire South West talk UK smaller companies.

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BlackRock UK Special Sits: when will we sell our star holdings?

What would prompt Roland Arnold to sell the likes of Ashtead and Howden?

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