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...UK asset manager Abrdn is trialling alternatives to the Bloomberg terminals that make up the backbone of the investment industry, as part of a broader drive to slash about £150mn in costs....
...In its financial filings, Breit warned that if it is unable to generate enough cash flow from operations to fully fund the distribution, the payout may be made through additional borrowings, asset sales...
...Miles Celic, chief executive of TheCityUK, said: “The industry is opposed to the FCA’s proposal to name and shame financial services firms before the conclusion of enforcement investigations....
...A lack of competition in Britain’s audit market and a regulatory drive for better quality have pushed up fees for London-listed companies by 75 per cent over the past five years, according to a new report...
...The FCA is responsible for bringing civil and criminal actions against the individuals and firms it regulates in the financial services industry....
...In an interview with the FT, Nuttall and Bae said they were seeing an opening of financial markets that will make it easier to exit assets....
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Effort to trump offer by Concord Chorus could trigger battle for music rights investor
...Miles Celic, chief executive of TheCityUK, described the proposal as a “name and shame” policy and said the financial services industry was opposed to it....
...This is a critical challenge in financial services....
Small investors may find it hard to commit money for the traditional decade or so
...Kevin Shaw, national sales managing director at the property services company Leaders Romans Group, said: “2024 is off to a good start with more properties coming on and more sales happening.”...
...TPG has invested in partnerships such as talent agency Creative Artists Agency and registered investment adviser LPL Financial in recent years, and last year it made an unsuccessful pitch to buy into in...
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...Peltz is seeking board seats for himself and former Disney chief financial officer Jay Rasulo....
...The second key point is that the sector’s leaders need to learn from financial history about what not to do when faced with protest....
...In total, the BPI measured 179.6bn streams in the UK, a figure that has doubled in the past five years and that shows the financial reliance of many of the world’s leading music labels on digital sales....
...Blackstone plans to step up its dealmaking before a rebound in markets drives prices higher, the president of the private equity firm has told the Financial Times....
About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
...But he has offered few clear financial goals, causing impatience among investors....
...“We had a lot of national energy companies, we had midsized energy companies, we had different players out there that could actually grow their market from 2022 to 2023,” he told the Financial Times....
...Sunak’s background in the financial sector means he is seen by some business executives as more of a known quantity than his predecessors, many of whom have limited private sector experience....
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