Liontrust Asset Management is exploring a takeover of GAM Holding, its struggling Zurich-listed peer.Sky News has learnt Liontrust is amongst numerous events which have been actively contemplating a bid for GAM, which has been engulfed in turmoil linked to the collapse of Greensill Capital, the controversial provide chain finance group. It was unclear on Tuesday whether or not Liontrust would desk a proper supply for GAM, which Sky News revealed in December had employed UBS to advise on an public sale.GAM - which stands for Global Asset Management - has seen its shares halve within the final 12 months amid uncertainty over its future, and now has a market worth of simply CHF95m (£85m).Liontrust, which is valued on the London inventory market at £625m, could be a logical purch...

The compelled set up of prepayment meters (PPMs) is a response to an issue that was once an aberration.Because nobody will be left with out provide, those that flat refused to pay their payments, or stubbornly declined to interact with suppliers about mounting money owed, may discover a PPM compelled on them. Once put in it was as much as them to prime it up or face self-disconnection.When a 12 months's power prices the everyday family lower than £1,000 it was a difficulty that largely affected the poor or in any other case marginalised.Energy suppliers must receives a commission in some way, so the murky observe of courts granting companies entry to non-public houses was largely carried out within the shadows. But the power disaster has made gasoline poverty mainstream and i...