Hargreaves Lansdown shares have soared after the rejection of a £4.7bn takeover bid from a private equity consortium as the Financial Times reports.
In a brief statement, the consortium which includes CVC Advisers Ltd, Nordic Capital XI Delta, and Platinum Ivy B 2018 RSC Ltd, a wholly-owned subsidiary of Abu Dhabi Investment Authority confirmed making a bid for the investment platform and financial services company.
Andy Bell has offloaded a 1.8% stake in AJ Bell following strong company results in what New Model Adviser suggests is a helpful read-across from a private equity bid for Hargreaves Lansdown.
The stake is worth £28m as NMA reports.
The Renters’ Reform bill which would have banned no fault evictions will not make the statute book due to the General Election as FTAdviser notes.
Abrdn CEO Stephen Bird has stepped down after four years at the helm of the business. The CFO Jason Windsor has taken over as interim CEO.
Morningstar has warned of a lot of difficult decisions ahead as a result, as Money Marketing reports.
Wealthy Britons are – perhaps surprisingly - generally in favour of the Government adding VAT to private school fees – 43% of all high-net-worth respondents in the UK agree it should happen, while 27% disagree.
Two thirds of parents with private school aspirations are in favour of the VAT addition – research from Charles Stanley, reported in IFA Magazine.
