Hints and tips:
...M&G’s share price rose by about 2 per cent in morning trading....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...“I’m a believer in active [management].” Veteran dealmaker Gilbert, formerly co-CEO of Standard Life Aberdeen, is trying to cut costs and turn a profit from the business....
...“Jason Windsor is a former M&A banker — he could have gone in to break the business up,” said an executive recruitment expert, who wished to remain unnamed....
...The move follows M&G’s decision to close its £565mn property fund last week after the asset manager blamed “declining interest” from retail investors....
...M&G reported net client flows of £700mn in the period, with gross inflows to the PruFund of £3.3bn, the highest since 2019....
...M&G has told customers there will be a wait of up to 18 months to get all their money back....
...investors and analysts who believe it shows that new chief executive Margherita Della Valle — who vowed to turn things around after she took over on a permanent basis in April — can deliver when it comes to M&...
...Sean Turnell is seated with his back to Sydney’s harbour at a small table on the strip of restaurants along the Barangaroo promenade. It’s a hot and humid day and I’m running a couple of minutes late....
...This includes Transact, Nucleus and M&G’s Wealth Platform, with Abrdn’s Wrap platform and AJ Bell’s Investcentre offering deposits through Sipps....
...It’s about acknowledgement, he says; having the ability to say, “I’m someone who wears Cartier too. We with it too. We belong here too.”...
...Another defining moment took place when Seán McGirr presented his first collection as new creative director of Alexander McQueen....
...A push into new markets – including the opening of a 300sq m store in Shanghai – has seen a boom in growth: Aesop’s sales in 2022 were up 21 per cent from the previous year, to A$766mn (about £403mn)....
...Sean Doyle, British Airways One of the toughest moments of British Airways boss Sean Doyle’s year comes on Christmas Day, when he takes his annual dip in the chilly waters of the north Atlantic....
...More here from Sally Hickey, Laura Noonan and George Parker....
...The best book I’ve read in the past year is Faith, Hope and Carnage, the series of interviews Seán O’Hagan did with Nick Cave....
...Hi, I’m Katie Martin, the FT’s markets columnist, and I’m looking after this newsletter for a couple of weeks while Harriet Agnew is topping up her vitamin D levels on holiday, the lucky duck....
...“I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...Sally Hickey That is the figure that is bandied around....
...Combs, who appeared in court in person on Thursday, said in a statement: “I’m fighting for fair and equal treatment for everyone. This isn’t just about me....
...The podcast I’m listening to is SmartLess by actors Jason Bateman, Sean Hayes and Will Arnett, which is always fun. But I mostly listen to audio books, specifically ones by David Sedaris....
...Maybe it was that sense that he hadn’t quite got his message across that prompted Taylor to scrawl on the picture of Bell: “Sean, I ain’t lying, I’m thinking about you . . ....
...“Paul’s passionate about this and I’m happy to support him.”...
...I’m very excited to join this team. This week’s controversy over new climate reporting rules in the US shows that the push for cleaner, fairer capitalism is becoming ever more fiercely contested....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
International Edition