BP sells Castrol stake to US firm Stonepeak for £4bn
BP agrees to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak in a deal valuing the unit at $10.1bn. Proceeds will help reduce debt.
Category : Search result: asset divestment
Learning disabled West Londoners need £9k for judicial review
Campaigners aim to raise £9,750 for a judicial review against Hillingdon Council's closure of a vital garden centre for adults with learning disabilities. Donate to support their case.
Janus Henderson Agrees £7.4bn Trian Takeover
Asset manager Janus Henderson agrees to a £7.4bn acquisition by Nelson Peltz's Trian Fund Management. Discover the deal's impact on the UK financial sector.
UBS Taps LGIM's Sonja Laud to Co-Lead Investment Arm
UBS Asset Management hires former LGIM chief investment officer Sonja Laud to co-lead its combined investment unit overseeing £1.6tn. Discover the strategic move reshaping the fund management landscape.
Thailand seizes $318m in assets in cyber-scam crackdown
Thai authorities seize assets worth over $300m and issue 42 arrest warrants targeting a Chinese-Cambodian tycoon and associates linked to transnational online fraud networks. Read the full investigation.
Premier Miton appoints Christopher Williams as chair
Christopher Williams, a veteran banker who advised on the 2008 bank bailouts, is set to become the new chairman of asset manager Premier Miton this week. Read the full story.
Senior Exit at Newton Investment Management
Newton Investment Management sees another senior departure as its head of consultant relations leaves. Explore the implications for the firm's strategy and client relationships.
Former AssetCo Chief Takes Chair at Keyridge
Veteran fund management executive Campbell Fleming has been named chairman of Keyridge Asset Management, bringing decades of industry experience to the London-based firm. Read more about this strategic leadership move.
Schroders appoints JPMorgan exec to head ETF strategy
Asset management giant Schroders has recruited a senior JPMorgan executive to lead its ambitious push into the competitive ETF market. Discover the strategic move reshaping its investment offering.
Liverpool community battles to save housing dream
The Eldonian village in Liverpool, once hailed as a community housing utopia, faces a governance crisis after assets were transferred offshore. Residents fight to reclaim their dream.
LTAFs Set to Win Over Wealth Clients, Carne CEO Says
Long-Term Asset Funds are gaining traction with wealth managers as Carne Group's CEO reveals growing interest. Discover how these vehicles could reshape investment strategies.
Schroders CEO Defends Public Markets' Strength
Schroders CEO Peter Harrison declares public markets are flourishing as private equity faces headwinds. Discover why listed companies now offer better value and transparency.
Asset Managers to Pursue More Fintech Tie-Ups, Says PwC
PwC report predicts asset managers will accelerate fintech partnerships to boost margins and embrace AI. Discover how technology is reshaping investment management.
Jersey froze Abramovich's $7bn after UK approved move
Court documents reveal how Jersey welcomed Roman Abramovich's billions with London's approval before sanctions hit. Explore the secret financial channels now under investigation.
Investment Association CEO Chris Cummings Steps Down
Chris Cummings announces departure from Investment Association after transformative seven-year tenure. Search for successor begins as industry faces regulatory challenges.
Asda sells 24 stores in £568m deal amid debt
Asda sells 24 stores and a depot for £568m in a leaseback strategy to manage its £3.8bn debt pile. The GMB union condemns the move as 'asset stripping'. Read the full details.
AI set to take key roles in asset management
Royal London's data chief warns AI is reshaping asset management, automating data tasks and forcing a rethink of future team structures. Discover what's next for the sector.
LionTrust profits fall 45%, targets £1.5m savings
LionTrust Asset Management reports 45% profit drop in H1 2024, launching strategic cost-cutting initiative targeting £1.5m annual savings amid market challenges.
Asset Managers Pass Research Costs to Clients Post-Mifid
Major asset managers are transferring research costs to clients, reversing Mifid II's unbundling rules. Discover how this impacts investment strategies and market research.
FCA probes 20 asset managers over money laundering
The Financial Conduct Authority investigates 20 asset management firms for potential anti-money laundering failures. Discover the implications for UK financial regulation.
Dark Green Fund Launches Hit Record Low in UK
Asset managers are pulling back from dark green fund launches as regulatory uncertainty and high costs bite. Discover why sustainable investment faces headwinds.
Jupiter names former Santander UK CEO as chair
Asset manager Jupiter appoints Nathan Bostock, former Santander UK CEO, as new chairman effective immediately. Key leadership change signals strategic shift.
Amundi buys 10% ICG stake to accelerate private credit push
European asset management giant Amundi purchases strategic stake in ICG to expand private credit offerings. Discover how this move reshapes the investment landscape.
Ninety One Assets Jump 20% Amid Positive Flows
Asset manager Ninety One reports 20% AUM growth to £143.2bn as quarterly flows turn positive. Discover how emerging markets performance drove this recovery.
Polar Capital earnings surge 21% amid AI boom
London asset manager Polar Capital reports £27.9m profit as AI investments drive record assets. Discover how tech exposure boosted performance despite market bubble fears.
Schroders Capital appoints Pimco executive
Schroders Capital strengthens its private assets team with strategic hire from Pimco. Discover how this move enhances their business development capabilities.
2,300+ Sign Petition to Save Historic North London Pub
More than 2,300 residents are campaigning to protect the 18th-century Black Horse Pub in High Barnet from redevelopment by securing 'Asset of Community Value' status. Sign the petition to show your support.
English councils sell assets to avoid bankruptcy
Survey reveals most English councils are selling public assets like sports centres to fund soaring social care costs, with many also planning council tax hikes.
Odey places gold investment firm into liquidation
Disgraced financier Crispin Odey winds up Tri-Star Resources, his gold investment firm, citing serious concerns over its Omani project's viability. Discover the full story.
Wealth Manager Shares Rocket 60% in Market Surge
London's wealth management sector surges as rising markets and investor confidence drive spectacular growth. Discover which firms are leading the charge.
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