LONDON, Aug 20 (Reuters) – Investors seeking less volatile
returns from their stock portfolios are turning their attention
to family-owned firms that play for pride as well as profit.
In the wake of the 2007-09 financial crisis, when investors
worldwide were badly burnt by companies’ laxer attitude to risk,
some fund managers are increasingly drawn to firms with family
legacies to protect.
LONDON, July 29 (Reuters) – A clutch of European banks are
primed to lift dividends to put them back on the radar of
yield-hungry investors after years spent using cash to repair
HSBC, UBS, BNP Paribas,
Standard Chartered, Swedbank and other banks
in Switzerland, France and Sweden could lead the way back to
LONDON, July 22 (Reuters) – Private banks managing the
financial affairs of the world’s wealthy face spending millions
of dollars every year on vetting new clients, as regulators get
tough on banks that harbour tax cheats and money launderers.
While the world’s rich are getting wealthier and putting
more money into private banks, a growing proportion of the cash
is from geo-political troublespots in the Middle East and Asia.
LONDON (Reuters) – As activist investors launch more high profile corporate battles in the United States, in Europe they are eschewing public hectoring for private talks.
Aggressive activism has had mixed results in Europe, where protracted fights have on occasion driven down share prices and put off other shareholders instead of bringing about the changes the activist investors demand.
LONDON (Reuters) – Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist.
The U.S. investment bank helped inspire a twenty-fold surge in financial investment in China, India, Russia and Brazil over the past decade, its chief economist popularizing the term BRICs in a 2001 research paper.
LONDON, July 4 (Reuters) – Investors who wrongly called time
on U.S. economic supremacy during the financial crisis are set
to pay a hefty price for betting too much on the developing
world, according to a top Goldman Sachs strategist.
The U.S. investment bank helped inspire a twenty-fold surge
in financial investment in China, India, Russia and Brazil over
the past decade, its chief economist popularising the term BRICs
in a 2001 research paper.
LONDON, June 30 (Reuters) – Just as Britain’s government is
trying to clear a path for the politically sensitive sale of its
39 percent stake in Lloyds bank, resentment is brewing among the
investors who would be expected to buy the stock.
Some fund managers say they are wary of buying stock
released in staggered sales until banks and regulators clarify
the rules on how quickly company owners are allowed to sell more
shares – a dispute that could hurt large stock offers such as
PARIS/LONDON (Reuters) – Their birth heralded the longest phase of economic growth in living memory. Now, 65 years on, wealthy “Baby Boomers” are doing the feeble global economy another good turn, according to some fund managers.
Millions of newly-retired Europeans, North Americans and Japanese are breaking open bulging pension pots, spelling big profits for investors who can spot the companies best placed to cater to their spending habits.
LONDON (Reuters) – Major UK shareholder groups took a fresh swipe at “unreliable” accounting rules which make it harder for them to assess the strengths of the companies they invest in.
Their call for an urgent review of the International Financial Reporting Standards (IFRS) comes after the top financial regulator upped its estimates on bank funding gaps.
LONDON, June 20 (Reuters) – Glencore Xstrata boss
Ivan Glasenberg, a former coal trader who has been at the helm
for over a decade, is known for his pre-dawn runs, cut-throat
competitiveness and a gruelling travel schedule that shows no
signs of slowing.
Yet while no one expects the imminent departure of
Glencore’s top shareholder – at 56, not far above the average
CEO age – the takeover of $46 billion miner Xstrata has prompted
investor questions over how a company so closely identified with
a boss will manage his succession.