BlackRock’s Lyttleton Falls From 2008 Star to Arrest With Wife (BusinessWeek)
BlackRock, Inc. (NYSE:BLK)‘s Mark Lyttleton, who was picking winning stocks as an 8-year-old, became a U.K. poster boy for retail clients seeking hedge-fund style investments after posting positive returns in 2008 when markets crashed. Money poured in. …Insider-trading probes have led to arrests of employees at other firms, including Legal & General Group Plc (LON:LGEN), Schroders plc (LON:SDRC) and GLG Partners Inc., as U.K. regulators stepped up their pursuit of financial crime from day-traders to the country’s biggest institutional investors. Lyttleton, 41, was arrested along with his wife, Delphine Lyttleton, 37, one of the people said. Insider trading carries a maximum sentence of seven years in prison in the U.K.
Lloyds Chairman Bischoff Retires as Bank Returns to Profit (BusinessWeek)
Lloyds Banking Group PLC (LON:LLOY) Chairman Win Bischoff will retire after more than three years in the job, saying the British bank’s rebound from its 2008 government rescue has progressed enough for him to move on. …The veteran of London’s City financial district has been chairman since 2009 after holding the same role at Citigroup Inc (NYSE:C), the U.S. bank he sold Schroders plc (LON:SDRC) to after a 30-year career at the British firm. At Lloyds, which ceded a 39 percent stake to the U.K. state after its 20 billion-pound ($31 billion) bailout in 2008, Bischoff hired Antonio Horta-Osorio as chief executive in 2010 and oversaw a return to profit since then.
Prudential plc : National Planning Holdings, Inc.® Announces Quarterly Revenue and Sales (4-Traders)
The National Planning Holdings, Inc. (NPH®) independent broker-dealer network achieved record revenue of more than $225.8 million during the first three months of the year, an increase of 14.6 percent over the same period last year, and an increase of 7.5 percent over the previous quarter. …NPH and Jackson are wholly owned by Prudential plc (LON:PRU), a company incorporated and with its principal place of business in England. Prudential plc (LON:PRU) is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
Prudential grows its allocation to Blue Capital Global Reinsurance Fund (Artemis)
The Prudential plc (LON:PRU) group of companies, which includes Prudential plc (LON:PRU) and M&G branded financial firms, has shown its appetite for investments in catastrophe risk and reinsurance by participating in the recently closed fundraising placement of new shares by the Montpelier Re backed Blue Capital Global Reinsurance Fund Limited. Prudential plc (LON:PRU) companies took an additional 10 million shares in the recently closed share offering. The Prudential plc (LON:PRU) group of companies took almost a fifth of the latest share placement by the Blue Capital Global Reinsurance Fund, snapping up 10 million of the 51,250,000 new Ordinary shares, which at the placement price of $1.02 per Ordinary share would have cost $10.2m.
