Smith raises £7.1m in Collins Stewart sale
25th Oct 2010 17:24
Having announced his retirement as deputy chairman less than two weeks ago, Terry Smith did not waste much time before selling his entire beneficial holding of 8.93m shares in stockbroking firm Collins Stewart. Smith, who will quite the board of Collins Stewart to focus on his role as chief executi
Read moreCity of London fixes Main Market date
1st Oct 2010 11:53
Asset manager City of London Investment Group has fixed the timing of its switch from AIM to the Main Market. City of London will make the move on 29 October. City of London first mooted a move in September 2008 but it was delayed by the global economic turmoil. Shareholders have already voted in f
Read moreCity of London plans Main Market move
13th Sep 2010 16:52
Asset manager City of London Investment Group has reiterated its intention to switch from AIM to the Main Market. City of London first mentioned a possible move in September 2008. Management believes that a move to the Main Market will enhance the brand of the group. Shareholders have already vote
Read moreCity of LondonInvGrp Sees FY Funds Under Management $4.38M
14th Jun 2010 07:30
LONDON (Dow Jones)--City of London Investment Group PLC (CLIG.LN), an emerging markets asset management group, announced Monday for the financial year ended May. 31, it has a funds under management of $4.38 billion (GBP3.01 billion), representing an increase since May. 31, 2009 of $0.88 billion, or
Read moreCity of London founder buys shares
16th Apr 2010 16:43
City of London Investment Group founder Barry Olliff has acquired 50,000 shares in the asset management company. Olliff, who is chief executive, paid 265p a share, making his investment £132,500. Olliff, who owns 19.9% of AIM-quoted City of London Investment, has been a seller in recent months.
Read moreSmall caps round-up: DM, China Goldmines, Management Consulting ...
8th Mar 2010 08:12
Scratch card and direct marketing firm DM posted record turnover and higher profits in the year to December 31 as it integrated two acquisitions. Turnover climbed by 40% from the previous year to £25.59m, while profit after tax 11% to £3.48m. 'Our strategy of making acquisitions, on favourable term
Read moreOlliff reduces City of London stake
27th Jan 2010 16:07
Barry Olliff, chief executive and founder of City of London Investment Group (CLIG), has sold 100,000 shares at 310p each. Oliff still owns 19.7% of CLIG, which makes him the largest shareholder in the investment management company. Last October, Olliff announced that he planned to sell 500,000
Read moreFUM doubles at City of London Inv.
7th Dec 2009 08:18
Emerging markets asset management group City of London Investment has seen funds under management (FUM) double in the last year. At the company’s half-year end of November 30, FUM stood at $4.7bn (£2.9bn), compared to $2.1bn (£1.4bn) a year earlier and $4bn (£2.4bn) at the end of August 2009. The
Read moreCosmen continues to add to National Express stake
23rd Nov 2009 16:54
Director dealings continue to be dominated by coach and bus operator National Express. Deputy chairman Jorge Cosmen has further increased his stake in National Express to nearly 20% as he continues to argue against the planned rights issue. The latest £2.7m investment means that Cosmen has spent £
Read moreFounder looking to cash in at City of London
26th Oct 2009 07:16
The City of London Investment Group, the asset manager focused on emerging markets, said funds under management are still on the rise. Funds under management (FuM) rose to $4.7bn as at 22 October from $3.5bn at the end of May and from $4bn since the middle of September. The growth in the last mont
Read moreProfits halved at City of London
14th Sep 2009 09:49
Emerging markets asset management group City of London Investment Group saw pre-tax profit halve in the full-year but said emerging markets have recovered strongly since the year end. Pre-tax profit dropped to £5.4m in the year ended 31 May compared with £10.7m last time. Fee income, predominantly
Read moreOutlook improving at City of London
8th Jun 2009 08:48
Emerging markets asset management group City of London Investment Group saw pre-tax profit virtually halve in what it termed an exceptionally difficult year. Funds under management at the end of May 2009 had fallen to $3.5bn from $4.71bn, a decline of 26% which, the company observed, compares favou
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