By Nell Mackenzie LONDON (Reuters) -Odey Asset Management is in advanced talks to move its special situations fund managed by Adrian Courtenay to Green Ash Partners, said a letter to investors dated July 3. Green Ash Partners is a boutique investment manager based in Switzerland and the UK with over $1 billion in assets under …
By Mike Scarcella WASHINGTON (Reuters) – Apple said on Monday it will ask the U.S. Supreme Court to hear its challenge to a judge’s order in an antitrust case brought by “Fortnite” maker Epic Games that could force the iPhone maker to change payment practices in its App Store. Apple said in a court filing …
Apple to ask US Supreme Court to undo App Store order in Epic Games case Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -London’s FTSE 100 edged lower on Monday, with AstraZeneca leading falls in healthcare shares, while gains in miners on hopes of policy stimulus in China limited declines. The blue-chip FTSE 100 lost 0.1%, while the more domestically focussed FTSE 250 midcap index rose 0.5%. AstraZeneca tanked 8%, …
FTSE 100 inches lower as healthcare drags; miners rise Read More »
By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said it had written to the country’s “Big Four” banks – Barclays, HSBC, Lloyds and NatWest – asking if they believed their …
UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates Read More »
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares erased gains by the closing bell to finish lower on Monday as AstraZeneca led falls among healthcare stocks that outweighed gains by Generali and among miners buoyed by hopes of more policy stimulus from China. The pan-European STOXX 600 index dipped 0.2%, reversing gains of some …
European shares end lower as healthcare declines outweigh miner gains Read More »
By Harish Sridharan and Sybille de La Hamaide (Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 million) takeover offer from Malteries Soufflet, a branch of French agribusiness InVivo, in a deal aimed at building the world’s top malt producer. The move will allow Malteries Soufflet to expand its …
Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo Read More »
MILAN (Reuters) – Middle East alternative asset manager Investcorp said on Monday it had agreed to invest around $100 million for a majority stake in communications and advocacy group SEC Newgate. The deal values Milan-based SEC Newgate, which has around 1,200 employees and operates in 22 countries, over $250 million, according to the statement. “Investcorp’s …
Investcorp to invest $100 million in communications firm SEC Newgate Read More »
LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) will crack down on home and car insurers over failure to improve their treatment of struggling customers, it said on Monday. The FCA said a review of the sector showed some good practices but that insurers were taking a long time to deal with complaints and people that …
UK watchdog to crack down on home and car insurers Read More »
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest …
UK factory downturn deepens in June despite lower costs: PMI Read More »
(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that …
Barclays seeks to stop being corporate banker to Odey Asset Management – FT Read More »
