Schroders Acquired by Nuveen in £9.9bn Deal
American investment firm Nuveen acquires UK asset manager Schroders for £9.9 billion, creating a global giant with £1.8 trillion in assets under management.
American investment firm Nuveen acquires UK asset manager Schroders for £9.9 billion, creating a global giant with £1.8 trillion in assets under management.
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RecommendedNuveen, the investment arm of TIAA, has agreed to purchase Schroders in a landmark £9.9 billion transaction, reshaping the global asset management landscape.
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The UK economy expanded by a mere 0.1% in the final quarter of 2025, matching the previous quarter's sluggish growth and falling short of economic forecasts.
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RecommendedLondon's FTSE 100 index reached an all-time high of 10,472p, driven by commodity stocks, while wealth management firms like St James's Place and AJ Bell faced significant share price declines.
The UK economy expanded just 0.1% in Q4 2025, missing forecasts as services sector showed no growth. Construction shrank 2.1% while manufacturing provided limited boost.
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RecommendedThe UK economy expanded by 0.2% in Q4 2025, with December growth at 0.1%. Annual growth for 2025 reached 1.2%, slightly above 2024's 1.1%. Economists highlight the impact of Rachel Reeves's budget and a cyber attack recovery.
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European Union leaders faced heated debates at the Brussels summit over the 'Buy European' initiative, highlighting deep divisions on trade protectionism and economic sovereignty.
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