Mercer Global Advisors, a large nationwide RIA that has grown via dozens of acquisitions, announced another deal: the purchase of Kays Financial Advisory, an Atlanta-based wealth management firm. Founded in 1985 by Scott Kays, the 17-person firm serves about 700 clients. A Form ADV filed in early December lists Kays’ …
Read More »Investors are forcing companies to strengthen their top teams amid coronavirus uncertainty, leading to record boardroom change
Companies worldwide have been in lockdown for the past four months, leaving banks of desks empty while staff work remotely. But one area has seen a flurry of activity: The corner office. This year has seen a spate of changes in boardrooms worldwide, as companies come under pressure from investors …
Read More »Royal Mail shares slump as guidance and lack of dividend disappoint
Royal Mail shares stumbled on Thursday, as the postal delivery firm outlined its new restructuring plan that could cost 2,000 jobs. Royal Mail shares RMG, -12.23% dropped 10% as the company said it expects to be loss-making this year and not to pay a dividend. The job cut plan by …
Read More »Glaxo shares fall for second day on cautious broker outlooks while FTSE 100 extends gains
Getty Images The headquarters of pharmaceutical company GlaxoSmithKline GlaxoSmithKline shares lost ground on Thursday for a second day as brokers reacted cautiously to the U.K. pharmaceutical giant’s outlook. GlaxoSmithKline GSK, -2.58% …
Read More »Glaxo shares fall for second day on cautious broker outlooks while FTSE 100 extends gains
Getty Images The headquarters of pharmaceutical company GlaxoSmithKline GlaxoSmithKline shares lost ground on Thursday for a second day as brokers reacted cautiously to the U.K. pharmaceutical giant’s outlook. GlaxoSmithKline GSK, -2.58% …
Read More »Labour to fight nationalisation battles in court
A shadow cabinet minister has warned that a Labour government’s drive to nationalise key industries could fail, if the party loses the first legal challenge to the controversial plans. Jon Trickett, shadow minister for the Cabinet Office, told an audience at a Labour conference fringe event last Tuesday that the …
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