- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

M&G suffers £7 billion outflow

Over the 12 months total assets under management have fallen from £256.5 billion to £255.4 billion.

Standard Life profit rises 18%, beats expectations

Standard Life Investments suspended trading in a GBP2.9 billion U.K. commercial real-estate fund after the number of investors asking to pull their money out rose in the aftermath of the country's vote to leave the European Union.

Legal & General reports huge swell in pre-tax profits

Adjusted operating profit increased 10% to £822m

Essex-based broker offers specialist insurance to SMEs

Lutine business director Andy Coles said the new deal enables the company to extend its niche and specialist proposition.

Saxo Bank's July trading volume jumps 60 percent

Trading volumes tend to be low in July and August as many investors stay away during holidays.

Russian sovereign wealth fund looks to invest in Turkey

State-run Russian Direct Investment Fund says it expects to sign joint investment deal during Erdogan's visit to Russia

Savills profit edges down

Estate agent hit by slowdown in commercial property transactions during EU referendum

LME introduces package of measures to strengthen metals trading

The LME will work with users to ensure that the programmes are optimally structured to support the whole LME market for the benefit of all stakeholders.

Luxembourg breaks records for new office space occupancy

By the end of the year, it is estimated the country will have over four million m2 of office space

Asset managers reveal gender split

Women often represent just 25 per cent of senior executives in the industry

UK commercial rents remained stable in July while property capital values declined

Fall in capital values was widely expected

Dealmaker Staveley eyes 2-bln-dollar opportunities in Greek bank loans

PCP Capital Partners, to invest up to $2 billion in non-performing loans in the sector

Cautious Cosh cuts cyclicals in European Assets as banks drag

These included Banca Generali and Swiss private bank EFG, which Cosh offloaded following the firm’s acquisition of BSI in February – a deal which the manager believes ‘compromised’ BSI’s business model.

U.K. Insurers Aviva and RSA Rally on Higher Profits, Dividends

RSA’s operating profit for the six-month period jumped 20 percent to 312 million pounds and the dividend was lifted 43 percent to 5 pence.

Babson talks up European high-yield credits

He believes that companies that are domiciled in the UK with widespread international operations would benefit from the substantial currency earnings uplift.

London Stock Exchange interim results statement

By successfully operating a full range of open access market infrastructure services, we are well positioned to navigate political and macroeconomic changes.

Retirement homes offer private tunnel to Harrods

Luxury development part of a growing industry catering for ageing baby-boomers

Glittering future for Windsor's iconic Crooked House

The 17th century building was put up for sale in April last year for £1.5million but failed to sell.

This was the biggest City office deal in the last quarter

Asia Pacific investors were particularly active in the City, having made up 92 per cent of the capital spent so far this year.

Standard Life blocks withdrawals from life bonds

The insurance giant has confirmed customers invested in some of its bonds are temporarily unable to withdraw their funds if part of their investment was held in insured property funds.

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