Gresham House takeover gets green light from FCA
The £11.05 per share offer values Gresham House at £469.8m
Companies
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Link Fund Solutions acquired by Waystone as Woodford fallout continues
600 Link staff will join fellow asset servicing firm
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Impax AM assets dip in fourth quarter but still up for the year
Assets dipped 5.8% to £37.4bn in last three months
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Jupiter distribution head departs amid wider restructure
Newly formed ‘Client Group’ brings together wholesale and institutional distribution arms
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GAM investor group candidates elected to board
Directors to hold board seats until AGM in 2024
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GAM investor group changes CEO candidate on eve of EGM
Chief risk officer Elmar Zumbuehl replaces Randel Freeman, who has withdrawn due to unforeseen family circumstances
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Close Brothers profits slide despite rise in client assets
Operating profit fell to £113.5m from £234.8m
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Rathbones completes £839m Investec W&I UK deal
Ruth Leas and Henrietta Baldock to join the Rathbones board
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M&G wholesale asset management arm books £1.3bn net inflows
Despite assets falling to £332.8bn in the six months to the end of June
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FE Fundinfo acquires French-based firm
Adjuto bought for an undisclosed sum
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Hargreaves Lansdown profits and AUM rise as new CEO settles in
Net new business fell to £4.8bn from £5.5bn
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Brooks Macdonald profits dip 12.2% despite £1.3bn MPS inflow
Underlying profits dropped to £30.3m from £34.5m for the year to 30 June