In her ‘Inside the City’ column for the Sunday Times, Emma Dunkley was looking at wealth management firm Rathbone Brothers, describing the £1. 2bn company as a “marauding hunter” in a sector increasingly divided between hunters and prey.
Sunday newspaper round-up: Brexit, Lidl, Doncasters, Jamie Oliver, Arcadia Group, Standard Chartered
Britain faces shortages of fuel, food and medicine, a three-month meltdown at its ports, a hard border with Ireland and rising costs in social care in the event of a no-deal Brexit, according to an unprecedented leak of government documents that lay bare the gaps in contingency planning. The documents, which set out the most likely aftershocks of a no-deal Brexit rather than worst-case scenarios, have emerged as the UK looks increasingly likely to crash out of the EU without a deal.
Wall Street stocks closed higher on Friday as investors remained focused on the bond market and US-China trade relations.
The FTSE 100 finished the session 109. 57 points lower to 7,117. 15.
Stocks on the Continent put in a modest bounce at the end of the week amid rising speculation that the European Central Bank might be preparing to bring back out what traders term as its 'big bazooka'.
RPS Group revealed on Friday that chief executive John Douglas had purchased 100,852 shares in the London-listed professional services firm.
The economic calendar will be exceedingly thin over the coming week and back-end loaded but with several potential key risk events strewn across investors's paths.
Strategists at Bank of America-Merrill Lynch sounded a 'bullish' note on stocks heading into September and for the longer-term.
London stocks managed to keep their heads above water for the close on Friday, bouncing back from heavy losses in the previous session, but underperforming their European peers somewhat as sterling ticked higher.
RBC Capital Markets upped its target price on shares of Cairn Energy from 185p to 195p on Friday, stating the group was "well positioned" to weather the current "macro storm".
Dutch speciality chemicals and food ingredients distributor IMCD reported a 19% improvement in gross profit to €312m (£284. 86m) in its first half on Friday, or 18% on a constant currency basis.
The German government will break its self-imposed prohibition on so-called deficit spending if the economy falls into recession.
Merian Chrysalis Investment Company announced an investment of £10m, as part of a £15m Series B funding round by Sorted Holdings on Friday, alongside other investors including Praetura Ventures and NVM Private Equity.
Analysts at Shore Capital reiterated their 'hold' rating on drinks maker Nichols on Friday, as investments continued to curtail some "robust" top-line momentum.
Australian telecoms provider Telstra announced that it had reached AUD 1bn (£560m) in asset monetisation on Friday, as it reported the establishment and part-sale of an unlisted property trust to own 37 of its existing exchange properties.
Upstream oil and gas company Andalas Energy and Power updated the market on operations on the Betun Selo KSO on Friday, reporting that the BTN14 well was now producing 30 barrels of oil per day, up from 4. 5 barrels per day immediately after completion of the workover on 7 August.
London’s FTSE 250 was up 0. 7% to 18,767. 31 in afternoon trade on Friday, bouncing back from the previous day’s losses.
Smart home technology company LightwaveRF announced a number of firm and conditional placings and subscriptions on Friday, in a bid to raise at least £1. 3m.
Wall Street stocks opened higher on Friday as investors remained focused on the bond market and US-China trade relations.
Panthera Resources reported an operating loss in its audited results on Friday, which its said reflected its ongoing status as an exploration company.