Druckenmiller: no US rate cuts needed
Plus, credit fund Arini’s woes, Franklin Templeton rebounds and the Bayeux Tapestry at the British Museum
UK
Tokenised gold could be exempt from fund regulations under FCA proposal
Regulator considers bespoke regime as it bids to unlock more of London’s bullion reserves as collateral in transactions
Euronext open to ‘big bang’ deal with rival Deutsche Börse
Chief executive Stéphane Boujnah’s comments come as EU officials seek ways to make the bloc’s capital markets more competitive
Schroders considers acquisitions to expand wealth division
Asset manager that agreed its own £10bn sale to Nuveen wants to refocus on very wealthy clients
Dubai’s $6bn island dream meets the reality of war
Ailing luxury developments on emirate’s man-made archipelago reflect strains on wider real estate sector
CVC faces shareholder revolt over €10.7bn Recordati take-private
Investors accuse private equity group of pressuring them into selling at ‘lowball’ price
Boom-era PE funds will fall short on promises, executives warn
Returns from funds launched during the frenzied period of 2019 to 2021 are likely to struggle to meet expectations
Canada seeks $1tn from investors looking for a haven from Trump
Prime Minister Mark Carney hosts a summit to put money behind his plan to decouple from an increasingly hostile US
St James’s Place looks to reassure advisers following departures
The wealth manager will scrutinise growth plans and aim to boost adviser morale
MFS administrator steps down amid creditor pressure
Nimish Patel of Coots & Boots discharged as joint administrator of entity in collapsed property lender’s empire
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