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Lloyds Banking Group to unveil £400m takeover of savings group Embark
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Investegate |Chrysalis Invs Ltd Announcements | Chrysalis Invs Ltd: Interim Results to 31 March 2021
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Five funds that have powered through choppy markets
Only a select band of funds have consistently topped the performance charts
Five funds stand out as strong picks from the select band which have consistently posted top returns amid choppy markets, according to experts.
Just 20 of 1,085 funds surveyed by BMO, an asset manager, delivered returns in the top 25pc of their sectors in each of the past three years.
Kelly Prior, of BMO, said the number of funds achieving the feat had fallen to especially low levels as different investment styles had switched in and out of favour.
After the pandemic struck, technology stocks surged as economies locked down, but since November s coronavirus vaccine breakthroughs, value shares in companies that will benefit the most from the easing of restrictions have led the way.
LONDON BRIEFING: Provident Financial to exit home credit entirely
Mon, 10th May 2021 08:07
(Alliance News) - Subprime lender Provident Financial on Monday confirmed it plans to get out of the home credit business one way or another, placing the division into run-off and considering a sale.
Bradford-based Provident earlier this month had said its review of the business was nearing completion, following press reports that it would wind-up both the home credit unit and online lending arm Satsuma to focus on its credit card business, Vanquis Bank, and its car finance operation, Moneybarn.
Provident on Monday said it has decided to withdraw from the home credit market entirely and is considering a sale of the Consumer Credit Division, which includes Satsuma.
PRESS: Lloyds close to GBP400 million takeover of Embark Group
Mon, 10th May 2021 07:33
(Alliance News) - Lloyds Banking Group PLC is in talks to acquire savings and retirement products provider Embark Group for GBP400 million, Sky News reported on Saturday.
The high-street lender is in advanced talks to finalise what would be its biggest corporate acquisition since it was returned to full private ownership four years ago, Sky News said. An announcement could come as soon as this month, it said, citing City sources .
If completed, the takeover will result in significant payouts for some of the world s biggest asset managers, including BlackRock, Franklin Templeton and Legg Mason, all of which hold minority stakes in Embark, Sky noted.
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