ADN.L Share News (ADN)

UPDATE 2-Four suitors submit binding bids for UniCredit's Pioneer-sources

(Updates with sources on other binding offers, details) By Maria Pia Quaglia and Gianluca Semeraro MILAN, Nov 11 (Reuters) - Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros ($3.25 billion), two so

Emerging market-focused stocks battered

(ShareCast News) - Financials with exposure to emerging markets, such as StanChart, Aberdeen Asset Management and Ashmore Group were near the bottom of the pile, amid worries of capital outflows from emerging markets as US interest rates climbed higher, in part on the prospect for increased fiscal s

BUZZ-EM-exposed asset managers hurt by US rate hike fears

** Ashmore Group -7.6% and Aberdeen Asset Management -c.6% as US bond yields rise on views Trump's spending plans will push up inflation, possibly triggering more aggressive rate hikes by the Federal Reserve ** Ashmore's worst day since Brexit vote results were announced on June 24, Aberdee

More Chinese banks line up for London despite Brexit

By Huw Jones LONDON, Nov 10 (Reuters) - More Chinese banks want to set up shop in London despite the Brexit vote which has prompted foreign lenders in the capital to consider bases in continental Europe. British and Chinese government officials met in London on Thursday to unveil a "s

Britain rethinks property fund rules after Brexit investor panic

* Financial Conduct Authority to issue paper in new year * Follows the suspension of many funds after Brexit vote * Officials fear market contagion risk, threat to stability * Other global regulators also turn focus to fund structures By Carolyn Cohn, Simon Jessop and Huw

UPDATE 1-Poste Italiane eyes asset management deals after solid results

(Recasts to add CEO, CFO comments at analyst conference call) By Francesca Landini MILAN, Nov 9 (Reuters) - Poste Italiane said on Wednesday it could expand its asset management business and offer new investment products through its 13,000 branches after reporting a nearly 30 percent

UPDATE 1-Deutsche among fallers as Trump win clouds legal, investment outlook

(Recasts, adds detail, additional share prices, changes slug) By Sinead Cruise LONDON, Nov 9 (Reuters) - Shares in European banks fell on Wednesday after Donald Trump's election victory, reflecting fears of difficulties in raising capital and uncertainty over U.S. legal cases hanging

RPT--British banks, fund firms see stocks fall as Trump triumph declared

(Amends headline, no change to text) By Sinead Cruise LONDON, Nov 9 (Reuters) - Shares in London-listed banks and wealth managers fell on Wednesday after Republican party candidate Donald Trump romped to a shock victory in one of the most unlikely United States presidential races seen

HOLD HOLD-British banks, fund firms see stocks fall as Trump triumph declared

By Sinead Cruise LONDON, Nov 9 (Reuters) - Shares in London-listed banks and wealth managers fell on Wednesday after Republican party candidate Donald Trump romped to a shock victory in one of the most unlikely United States presidential races seen in living memory. Europe's largest l

Ameriprise Financial joins race to buy UniCredit's Pioneer - sources

By Gianluca Semeraro and Maria Pia Quaglia MILAN, Nov 3 (Reuters) - U.S. financial services company Ameriprise Financial has joined the race to buy asset manager Pioneer Investments, which has been put on the block by Italy's biggest bank UniCredit, two sources close to the matter said on T

LONDON BRIEFING: NCC, Keller And Senior Drop After Trading Updates

Poste in talks over 2 bln euro bank financing for Pioneer bid- source

ROME, Oct 18 (Reuters) - Italy's Poste Italiane is in talks with a group of banks to raise up to 2 billion euros ($2.2 billion) in financing to support a possible acquisition of UniCredit's asset management arm, a source close to the matter said on Tuesday. Italy's post office last month su

EU mergers and takeovers (Oct 17)

BRUSSELS, Oct 17 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- German insurer Talanx and UK investment group Aberdeen Asset Management to jointly acquire Portuguese developer Escal

Jupiter Fund boosted by Barclays upgrade

(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow

UPDATE 1-Amundi offers 4 bln euros for UniCredit's Pioneer -sources

* Four suitors vying for UniCredit's Pioneer * Amundi offered 4 bln euro in non-binding bid * Poste Italiane looking for a partner to sweeten offer (Adds quotes and details) By Francesca Landini and Gianluca Semeraro MILAN, Oct 6 (Reuters) - France's Amundi has made a hi