Edward Bramson News
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3i Group Plc, Britain’s largest publicly traded private-equity firm, increased its target for cost savings in 2014 to 60 million pounds ($91.3 million) after investments returned to profit.
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F&C Asset Management Plc, the investment firm controlled by hedge-fund manager Edward Bramson, dropped in London trading after Achmea BV decided to withdraw 10.3 billion pounds ($16 billion) of assets.
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U.K. stocks climbed for a seventh day, the longest winning streak since July 2011, led by a rally in BT Group Plc after the telecommunications operator reported earnings that beat analyst estimates.
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3i Group Plc defended its strategy for turning around the company after activist investor Edward Bramson announced he boosted his stake in Britain’s oldest private-equity firm.
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3i Group Plc, Britain’s oldest private-equity firm, posted a decline in the pace of asset sales and investments as activist investor Edward Bramson starts buying the stock.
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F&C Asset Management Plc, which runs the U.K.’s oldest investment trust, will almost triple cost reduction plans and cut jobs as part of a strategic review under Executive Chairman Edward Bramson.
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F&C Asset Management Plc Chairman Nick MacAndrew was ousted after losing an eight-week battle against activist shareholder Sherborne Investors LLC.
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F&C Asset Management Plc, which oversees the U.K.’s oldest investment fund, said Chief Executive Officer Alain Grisay will step down in May.
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F&C Asset Management Plc, which runs the U.K.’s oldest investment trust, said assets under management declined 4.9 percent last year as clients including Friends Life pulled money from its funds.
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3i Group Plc, Britain’s oldest private-equity firm, rose to the highest in almost 18 months in London trading after saying that activist investor Edward Bramson has been buying its shares.
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