LONDON, Feb 4 (Reuters) – Liontrust Asset Management <LIO.L>
said on Thursday it saw fresh net outflows in the fourth quarter
as the firm prepares to launch a raft of new products as part of
its rebuilding plan following the loss of key fund managers.

Liontrust’s chief financial officer Vinay Abrol told Reuters
the firm was confident the restructuring would help stem the
outflows.

LONDON, Feb 3 (Reuters) – Former Novartis <NOVN.VX> chief
Daniel Vasella’s 2009 bonus will be close to three times the
amount he would be due based on relative earnings growth among
large cap peers, a study showed on Wednesday.

The report, compiled by UK proxy voting agency Manifest and
Swiss consultancy Obermatt, estimated his total 2009 bonus at
6.3 million Swiss francs ($5.96 million).

LONDON, Jan 21 (Reuters) – A brace of hugely profitable
calls have made Philip Gibbs one of the best performing fund
managers of the last decade but he sits uncomfortably in the
investment spotlight.

The quietly spoken Jupiter [JPAMG.UL] fund manager gained
attention most recently for squeezing a positive return out of
his flagship financials fund by going “aggressively bearish on
almost everything” ahead of the credit crisis.

LONDON (Reuters) – Some of Cadbury’s <CBRY.L> biggest shareholders, led by Legal & General, continued to reject Kraft Foods’ <KFT.N> 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.

The British confectioner has been fighting off the U.S. food giant’s hostile cash and shares bid for over four months, and on Friday received support from its No. 2 shareholder Legal & General Investment Management Ltd <LGEN.L>.

LONDON (Reuters) – Fund firm Schroders has made a habit of missing out on targeted acquisitions, and industry watchers are beginning to wonder whether the board’s innate conservatism is costing it opportunities for growth.

It’s not make or break yet. Analysts point to the firm’s strong organic growth in money flows as evidence Schroders is not in dire need of a transaction, and smaller bolt-on deals have been done.

CHICAGO/LONDON, Jan 13 (Reuters) – U.S. chocolate maker
Hershey Co <HSY.N> is preparing a bid for Cadbury Plc <CBRY.L>
that would top Kraft’s hostile $17 billion takeover offer, the
Financial Times reported on Wednesday.

Hershey authorized a bid for Cadbury to be drawn up and a
formal offer could be made within two weeks, the FT said,
citing a person familiar with the matter. Hershey has until
Jan. 23 to submit an offer under UK Takeover Panel rules.