Advertisement
UK markets close in 1 hour 56 minutes

  • FTSE 100

    8,034.43
    +10.56 (+0.13%)
     

  • FTSE 250

    19,697.30
    +97.91 (+0.50%)
     

  • AIM

    753.13
    +3.95 (+0.53%)
     

  • GBP/EUR

    1.1612
    +0.0023 (+0.20%)
     

  • GBP/USD

    1.2393
    +0.0043 (+0.35%)
     

  • Bitcoin GBP

    53,453.94
    +137.83 (+0.26%)
     

  • CMC Crypto 200

    1,421.38
    +6.62 (+0.47%)
     

  • S&P 500

    5,028.77
    +18.17 (+0.36%)
     

  • DOW

    38,305.37
    +65.39 (+0.17%)
     

  • CRUDE OIL

    81.47
    -0.43 (-0.53%)
     

  • GOLD FUTURES

    2,326.60
    -19.80 (-0.84%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,056.49
    +195.69 (+1.10%)
     

  • CAC 40

    8,079.95
    +39.59 (+0.49%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Man Group buys NewSmith's investment management business

Reuters - UK Focus

LONDON, Feb 20 (Reuters) - The world's biggest listed hedge fund company, Man Group (LSE: EMG.L - news) , said on Friday it had agreed to buy the investment management business of NewSmith, an equity investment manager with $1.2 billion of funds under management.

NewSmith, which is 40 percent-owned by Sumitomo Mitsui Trust Bank, has offices in London and Tokyo with four fund management teams investing in British, European, global and Japanese equities.

The financial terms of the deal were not disclosed. (Reporting by Matt Scuffham; editing by Simon Jessop)