Former City Correspondent

Nikko Global Asset Management's overseas equity mandate for the London borough of Islington in the UK is under threat after the local authority decided to tender the brief.

The move is part of a regular review and Nikko, which has managed the £120m (€173m) brief for the best part of a decade, has been invited to re-tender for it.

Ben Wright

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Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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Nikko Global AM mandate under threat

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