Former manager of the Newton Investment Management UK Equity fund Paul Stephany has been fined £32,000 by the Financial Conduct Authority (FCA) for misconduct during a 2015 initial public offering (IPO).
The FCA found that prior to submitting orders as part of a book build for shares that were to be quoted on public exchanges Stephany contacted other fund managers at competitor firms and attempted to influence...
Songs from writers Johntá Austin, Sean Garrett and Rico Love
Analysts in bullish mood
Uncertainty has resulted in 2% less growth
Expected to complete in Q2