The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
LONDON, May 4 (Reuters) - British asset manager Liontrust said on Thursday it had conditionally agreed to acquire GAM Holding AG, in a deal that values the entire issued share capital of the Swiss asset manager at CHF 107 million ($121.26 million).
The GAM board recommended the transaction earlier on Thursday, adding that clients would benefit from access to a broader range of strategies, services and stability that the financial strength of the combined firm would bring.
The transaction, which is expected to complete in the final quarter, will create a global asset manager with 53 billion in assets under management.
LONDON, May 3 (Reuters) - Lloyds Banking Group beat profit expectations for the first quarter on Wednesday, as the bellwether lender was buoyed by interest rate rises despite Britain's tough economic outlook.
Lloyds reported pretax profit of 2.3 billion pounds ($2.9 billion) for the first three months of 2023, above the 1.95 billion pounds average of analyst forecasts compiled by the bank and up from 1.5 billion pounds the prior year. ($1 = 0.8006 pounds) (Reporting by Iain Withers and Lawrence White, Editing by Sinead Cruise)
LONDON, May 2 (Reuters) - The Bank of England is weighing up whether to raise interest rates for the 12th meeting in a row next week as it continues to grapple with an inflation rate that remains above 10%, higher than in any other big, rich economy.
Investors think it is a near-certainty that the BoE will announce a quarter-percentage point increase in Bank Rate, taking it to 4.5%, on May 11. They also see a roughly 50% chance of borrowing costs hitting 5% by August.
LONDON, May 2 (Reuters) - The Bank of England is weighing up whether to raise interest rates for the 12th meeting in a row next week as it continues to grapple with an inflation rate that remains above 10%, higher than in any other big, rich economy.
Investors think it is a near-certainty that the BoE will announce a quarter-percentage point increase in Bank Rate, taking it to 4.5%, on May 11. They also see a roughly 50% chance of borrowing costs hitting 5% by August.