spread – Latest News https://latestnews.top Wed, 23 Aug 2023 16:53:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://latestnews.top/wp-content/uploads/2023/05/cropped-licon-32x32.png spread – Latest News https://latestnews.top 32 32 Investor group opposed to Liontrust buying GAM alleges asset manager spread ‘false https://latestnews.top/investor-group-opposed-to-liontrust-buying-gam-alleges-asset-manager-spread-false/ https://latestnews.top/investor-group-opposed-to-liontrust-buying-gam-alleges-asset-manager-spread-false/#respond Wed, 23 Aug 2023 16:53:57 +0000 https://latestnews.top/2023/08/23/investor-group-opposed-to-liontrust-buying-gam-alleges-asset-manager-spread-false/ Investor group opposed to Liontrust buying GAM alleges asset manager spread ‘false rumours and information’ Liontrust’s proposed acquisition of GAM would create a firm with £53bn of AUM NewGAMe and Bruellan claim the bid ‘significantly undervalues’ the business Albert Saporta, NewGAMe’s CEO, accused Liontrust of trying to scare investors By Harry Wise Updated: 11:37 EDT, […]]]>


Investor group opposed to Liontrust buying GAM alleges asset manager spread ‘false rumours and information’

  • Liontrust’s proposed acquisition of GAM would create a firm with £53bn of AUM
  • NewGAMe and Bruellan claim the bid ‘significantly undervalues’ the business
  • Albert Saporta, NewGAMe’s CEO, accused Liontrust of trying to scare investors

A war of words has erupted over the potential takeover of GAM, after a rebel investor group accused Liontrust of transmitting ‘false rumours and information’ to try and scupper their rival offer. 

It comes just a day before the deadline for the Swiss fund manager’s shareholders to accept GAM’s proposed acquisition by Liontrust Asset Management.

The £96million deal would create a business holding £53billion of assets under management and a more enhanced fund range and asset class offering.

Allegations: NewGAMe has accused Liontrust Asset Management of spreading 'false rumours and information' to try and scupper its proposed partial cash offer for GAM

Allegations: NewGAMe has accused Liontrust Asset Management of spreading ‘false rumours and information’ to try and scupper its proposed partial cash offer for GAM

But NewGAMe and Bruellan, which hold an estimated 10 per cent stake in GAM, have claimed the bid is lopsided, ‘significantly undervalues’ the company and contains unappealing execution contingencies.

They have put forward a partial counter-proposal that includes issuing a 25million Swiss francs (£22.3million) loan, electing a new board of directors, and increasing the share of high value-added investment products.

An email sent by Liontrust’s head of corporate development, David Boyle, on behalf of the firm’s chief executive, John Ions, to some GAM investors said that John Seo, the managing director of Fermat Capital, an external manager of GAM, had ‘questioned the integrity of NewGAMe.’

He added that the Fermat co-founder was ‘in no mind to lunge straight into a relationship with people he does not trust.’

As a result, Seo was ‘seriously thinking’ about ending Fermat’s relationship with GAM if the NewGAMe offer was successful.

But Albert Saporta, the chief executive of NewGAMe, has published a conversation between him and Seo where the latter described being ‘shocked and dismayed’ by the email.

Seo also asserted that he ‘never wrote those words, and… would never approve of those words’ and had contacted Ions, who vowed to ‘retract’ the email.

Saporta remarked: ‘With these emails, Liontrust is now disseminating false rumours and information in order to panic shareholders into tendering at the last minute.

‘As we should come to the end of this ordeal with the Liontrust tender deadline tomorrow, we are grateful to shareholders that have expressed support for our turnaround plan by seeing through GAM and Liontrust’s misleading statements and not tendering to this deal.’

A spokesman for NewGAMe confirmed the email exchange between the Seo and Saporta to This is Money.

Liontrust acknowledged the email sent by Boyle but would not comment on whether Ions had disavowed it.

Anthony Maarek, managing director of NJJ Holding, which oversees NewGAMe, has told Liontrust’s chairman, Alastair Barbour, in a letter that the Swiss Takeover Board has been contacted regarding the emails.

Maarek accused Liontrust of exceeding the ‘limits to what can be decently and legally be undertaken’ to persuade investors to accept a buyout bid.

Liontrust Asset Management shares were 1.2 per cent, or 7p, higher at 605p on late Wednesday afternoon, although they have plummeted by around 70 per cent in the past two years.

The company’s operating profits slumped by over a third to £49.3million for the 12 months ending March after its UK retail funds and managed portfolio service saw investors withdraw more funds from riskier asset classes.

Stock markets have taken a hit from rising economic uncertainty caused partly by central banks hiking interest rates to try and dampen inflation.





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Urgent summer health warning over killer disease that can spread in hot tubs https://latestnews.top/urgent-summer-health-warning-over-killer-disease-that-can-spread-in-hot-tubs/ https://latestnews.top/urgent-summer-health-warning-over-killer-disease-that-can-spread-in-hot-tubs/#respond Thu, 15 Jun 2023 13:24:14 +0000 https://latestnews.top/2023/06/15/urgent-summer-health-warning-over-killer-disease-that-can-spread-in-hot-tubs/ Urgent summer health warning over killer disease that can spread in hot tubs Not cleaning hot tubs and shower heads can cause Legionnaires’ disease  The life-threatening bacteria has symptoms similar to pneumonia By Rebecca Whittaker For Mailonline Updated: 07:52 EDT, 15 June 2023 Summer revellers were today reminded about a serious bacterial infection which  can lurk inside […]]]>


Urgent summer health warning over killer disease that can spread in hot tubs

  • Not cleaning hot tubs and shower heads can cause Legionnaires’ disease 
  • The life-threatening bacteria has symptoms similar to pneumonia

Summer revellers were today reminded about a serious bacterial infection which  can lurk inside hot tubs.

Legionnaires’ disease, which can trigger life-threatening pneumonia, can also be spread through air condition units, taps and showers.

Dr Simon Clarke, a microbiologist at the University of Reading, said the legionella bacteria responsible can be found in almost ‘anything’.

This includes a ‘complex plumbing system, showerheads, hot tubs and decorative fountains’, he added.

Dr Clarke told MailOnline: ‘It’s even been found in car washer bottles filled with tap water instead of detergent windscreen washer.

The bacteria that causes Legionnaires' disease can be found lurking in swimming pools, hot tubs and shower heads. If you own a hot tub or home spa, it is essential you regularly drain, clean and disinfect it

The bacteria that causes Legionnaires’ disease can be found lurking in swimming pools, hot tubs and shower heads. If you own a hot tub or home spa, it is essential you regularly drain, clean and disinfect it

‘Complex air conditioning systems can sometimes become contaminated.

‘But the types of aircon you find in cars and domestically do not use water, so aren’t a problem.’

Legionella typically thrives in large buildings — such as hotels and office blocks — where it grows in the water supply.

It is especially a problem in warm climates, where the heat helps it reproduce.

Swimming pools and dirty air con units are common sites of contamination as they can accumulate warm, stagnant water which gets dispersed as droplets in the air, which are then inhaled.

What are the symptoms of legionnaires’ disease? 

The symptoms of Legionnaires’ disease is similar to pneumonia.

 Symptoms can develop between two and 10 days after breathing in the bacteria. 

The symptoms can include:

  • Coughing
  • High temperature
  • Difficulty breathing
  • Chest pain or discomfort

In severe cases other symptoms can include:

  • Feeling and being sick
  • Diarrhoea
  • Confusion 

People who are admitted to hospital with the disease may be given antibiotics directly in a vein, given oxygen therapy or be put on a ventilator. 

Source: Asthma and Lung UK 

But the bacteria, found naturally in freshwater, can also sit in showers and taps that have not been used for a few days.

This is why some experts urge holidaymakers to run taps and showers before having contact with the water.

Roughly half of the 300 Brits who get infected with the legionella bug every year get it overseas. 

Once the infection is diagnosed, doctors then refer to the condition as legionnaires’ disease. 

Symptoms include a cough, difficulty breathing and chest pain.

The average death rate is about one in ten. But among those with weakened immune systems, such as patients with rheumatoid arthritis or kidney failure, it can be as high as 30 per cent.

Health and safety guidelines say hot water supplies must be kept at a minimum 50C, as the bug cannot survive at this heat. 

Likewise, cold water should be below 20C to stop the bacteria breeding. 

At home, you can reduce the risk of Legionnaires’ disease by removing any build-up around shower heads because this can trap water, says Asthma and Lung UK.

The charity adds that if you have showers or taps you have not used recently, you should flush them through by running water for five minutes every two weeks.

If you own a hot tub or home spa, it is also essential you regularly drain, clean and disinfect it.

Although anyone can develop Legionnaires’ disease and infection is not unheard of in the UK, Dr Clarke says it is not something people should ‘worry about on a day-to-day basis’.

But some people are at a higher risk of infection.

People over the age of 45, smokers and former smokers, those with a lung condition, a drug or alcohol addiction, people with compromised immune systems or chronic long term health conditions like diabetes or kidney failure are at a higher risk of getting sick, according to Asthma and Lung UK.



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DR ELLIE CANNON: I fear my prostate cancer will spread if just rely on check-ups  https://latestnews.top/dr-ellie-cannon-i-fear-my-prostate-cancer-will-spread-if-just-rely-on-check-ups/ https://latestnews.top/dr-ellie-cannon-i-fear-my-prostate-cancer-will-spread-if-just-rely-on-check-ups/#respond Sun, 07 May 2023 03:28:47 +0000 https://latestnews.top/2023/05/07/dr-ellie-cannon-i-fear-my-prostate-cancer-will-spread-if-just-rely-on-check-ups/ After being diagnosed with prostate cancer I expected to be thrown into treatment, but my urologist has told me I’ll just have check-ups every four months. My fear is that the cancer will spread to my lymph nodes or bones in that time. Shall I pay to have a prostatectomy to put my mind at […]]]>


After being diagnosed with prostate cancer I expected to be thrown into treatment, but my urologist has told me I’ll just have check-ups every four months. My fear is that the cancer will spread to my lymph nodes or bones in that time. Shall I pay to have a prostatectomy to put my mind at ease? I am 72.

When people find out they have cancer in a part of their body, they often want that section removed. It is only natural and totally understandable.

But, with prostate cancer, there are two important reasons why doctors don’t always do this.

First, while removing the prostate – known as a prostatectomy – gets riSd of the tumour, it can cause other problems that affect quality of life, including issues with sexual function, going to the toilet and bowel troubles. Sometimes a man who has undergone a prostatectomy may say these problems meant the treatment was not worth it.

Secondly, prostate cancers are slow growing. Sometimes specialists refer to it as a ‘mild’ disease. This might sound odd – given that it’s cancer – but many men live for a very long time with the disease and die from other causes.

Today's reader is afraid his doctor is not treating his newly diagnosed prostate cancer with sufficient haste and wants to know whether they should pay for private surgery

Today’s reader is afraid his doctor is not treating his newly diagnosed prostate cancer with sufficient haste and wants to know whether they should pay for private surgery

A doctor’s decision about whether to treat prostate cancer can depend on a lot of factors, including how likely it is to spread. This is measured using something called a Gleason score. Generally, anything below a score of seven is not considered high risk.

For a low-scoring tumour, it isn’t worth putting a patient through the risks of surgery and its side effects. Blood tests and scans every four months are enough to catch changes quickly for slow-growing cancers.

But living with cancer is not easy. It is worth speaking to Prostate Cancer UK or your GP for support.

I’ve recently noticed a slight change of colour in my armpits. It isn’t painful but it’s a bit odd that this has appeared suddenly. Do you have any idea what might be causing this? I don’t have any underlying health conditions.

It isn’t normal for the skin in the armpit to change colour. When it does, it is usually due to a yeast or fungal skin infection, which can thrive in the armpits because they are warm and moist from sweating.

A yeast infection would cause redness or itchiness, and fungal skin infections can make the skin darken in someone with white skin, or lighten in someone with brown or darker skin.

   

More from Dr Ellie Cannon for The Mail on Sunday…

It is worth trying an over-the-counter anti-fungal cream for a week or two and seeing if there is any improvement. There are no risks involved and you’d soon find out if that was the problem.

Erythrasma is another possibility. This is a bacterial skin infection that causes scaly pink or brown patches and often affects the armpits. 

A doctor can prescribe antibiotic cream or washes to get rid of it. You can also prevent it from developing by using antibacterial soap.

Skin conditions like eczema and dermatitis can also cause the skin to change colour, as can irritation from cosmetics such as deodorant. 

Or sometimes skin can darken in response to a rash or itchy skin. This is because the skin develops more pigment and can thicken, so it looks darker.

It is particularly a problem for darker skin, and some, such as anti-malaria tablets or antibiotics, can make it worse.

Skin conditions like eczema and dermatitis can also cause the skin to change colour, as can irritation from cosmetics such as deodorant. Or sometimes skin can darken in response to a rash or itchy skin. This is because the skin develops more pigment and can thicken, so it looks darker

Skin conditions like eczema and dermatitis can also cause the skin to change colour, as can irritation from cosmetics such as deodorant. Or sometimes skin can darken in response to a rash or itchy skin. This is because the skin develops more pigment and can thicken, so it looks darker

If both armpits get darker, a condition called acanthosis nigricans may be at play. It is more common in people with polycystic ovarian syndrome, obesity or type 2 diabetes, and medications such as steroids and the contraceptive pill can increase the risk of developing it.

For people with darker skin, acanthosis nigricans sometimes appears for no obvious reason. Get it checked by your GP as it can be due to an underlying condition, but it sometimes won’t need medical treatment.

For about a month I’ve suffered bouts of pins and needles in my left arm which travel all the way to my hand. My doctor couldn’t find anything wrong with me. Any ideas what it could be?

Pins and needles might seem like a non-serious problem, but it should be checked if persistent. Normally it is an indication that something is wrong with a nerve. This is why the sensation comes on if you lean on your arm for too long – because there’s too much pressure on the nerve.

Write to Dr Ellie 

Do you have a question for Dr Ellie Cannon? Email DrEllie@mailonsunday.co.uk

Dr Cannon cannot enter into personal correspondence and her replies should be taken in a general context.

Any health problem or injury that affects the nerves can cause pins and needles, including a slipped disc in the neck, a sprain in the arm or a trapped nerve.

Diabetes, multiple sclerosis and Vitamin B12 deficiency can trigger it, as can some medications. It is also common in people who drink a lot of alcohol.

An investigation by the GP is vital to find out if the cause is minor or more serious. They may carry out blood tests for B12 and iron deficiency, as well as signs of inflammation and diabetes. They will also check the pulse in your arm and whether parts of the nerve work properly.

There are other symptoms associated with nerve problems, such as numbness, weakness and being sensitive to hot or cold temperatures. If any of these ring true, tell your GP.

One common cause of pins and needles in the hands is carpal tunnel syndrome – where a nerve gets squashed.

In this case, the sensation usually begins in the fingers and sometimes travels up the arm.

‘Skinny jab’ is not a fast-fix diet

A few weeks ago I wrote of my scepticism about the new ‘skinny jabs’ – injections of the drug semaglutide given on the NHS to people with obesity.

They have been hailed as a magic bullet for obesity and its related diseases. But I wasn’t convinced – all treatments come with side effects and we still don’t know what happens when patients stop taking this drug.

Now we’ve learned that I was right to have my doubts.

Reports have told of patients developing unwanted, saggy skin around their necks. This is a consequence of losing fat quickly – it also disappears from areas where you actually want it, such as the face.

Semaglutide injections are great for people with obesity who suffer health problems such as type 2 diabetes. But if you’re looking for a quick fix for a bikini diet, I’d steer well clear.

Measles can be deadly – so protect your children NOW

I’m growing concerned about how many children are catching measles. Government figures show there have been 49 cases so far this year, compared with 54 for the whole of 2022.

It’s a problem that’s been brewing for a while, with more parents deciding not to vaccinate their children against this deadly disease thanks to scare stories they read online.

Now it’s worse than ever, mostly because of missed jabs during lockdowns. Uptake of both doses of the MMR jab, which protects against measles, mumps and rubella, is at 85 per cent of the population – far less than the 95 per cent target that’s needed to eliminate the disease.

It’s vital to get children up to date with their jabs before the summer begins. As children travel for holidays, the risk of an outbreak increases. All under-18s can have a free catch-up jab if they’ve missed out – simply ask your GP.

Don’t take the risk and leave your children unprotected. Trust me when I say it’s not worth it.

I'm growing concerned about how many children are catching measles. Government figures show there have been 49 cases so far this year, compared with 54 for the whole of 2022

I’m growing concerned about how many children are catching measles. Government figures show there have been 49 cases so far this year, compared with 54 for the whole of 2022



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