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04/25/2018 08:30 AM
Lloyds Bank reassures investors on future of preference shares
LONDON (Reuters) - Britain's Lloyds Banking Group said it would not cancel its preference shares following investor complaints about the possibility after insurer Aviva abandoned its plans to scrap the high-yielding shares.


04/25/2018 08:15 AM
Income funds turn sights on UK banks as end of PPI saga draws closer
LONDON (Reuters) - Huge payouts to customers mis-sold mortgage and credit card payment protection insurance (PPI) have cost British banks dearly for years, but the end may be in sight and income fund managers are starting to show renewed interest in the sector.


04/25/2018 07:59 AM
Cambridge donor BP urges university to keep fossil fuel investments
LONDON (Reuters) - BP Chief Executive Bob Dudley on Tuesday urged Cambridge University not to yield to pressure from hundreds of students and academics to cut its investments in fossil fuels and pointed to BP's donations to the university.


04/24/2018 09:06 AM
St. James's Place first-quarter assets dip on weaker market returns
LONDON (Reuters) - St. James's Place on Tuesday reported a 0.9 percent fall in first-quarter assets on the back of weaker markets, although the British wealth manager took in net flows of new client money.


04/24/2018 09:05 AM
Elliott discloses 5.1 percent stake in UK software firm Micro Focus
(Reuters) - Elliott Capital Advisors L.P on Monday disclosed a 5.1 percent stake in British software firm Micro Focus International Plc .


04/24/2018 09:05 AM
Woodford-backed biotech Prothena plunges as key drug fails
LONDON (Reuters) - Shares in Prothena , a biotech company backed by British investor Neil Woodford, plunged 70 percent on Monday after its main drug for treating a rare disease called AL amyloidosis failed in a crucial clinical trial.


04/24/2018 09:04 AM
Britain hails new optimism about Brexit deal for financial services
LONDON (Reuters) - The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre.


04/24/2018 09:03 AM
Meditor Capital raises stake in UK's Carpetright to almost 30 percent
(Reuters) - Hedge fund Meditor Capital Management, already Carpetright's biggest shareholder, has raised its stake to just under the threshold at which it would be required to make a formal takeover offer for the struggling British retailer.


04/24/2018 08:56 AM
High-profile investors bet on stocks tied to millennials - Sohn Conference
NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the millennial generation, ranging from online food ordering to homebuilders.


04/23/2018 12:58 PM
Commentary: Hedge funds make historic and increasingly desperate FX, bond bets
LONDON (Reuters) - Hamstrung by a renewed slump in volatility and lack of clear market direction, FX and bond speculators are making historically big bets on a lower dollar and higher yields.

 

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