Rathbones: Pre-tax profits rise by 72.9% in annual results
Underlying profit before tax jumped from £127.1bn to £227.6bn, marking a 79.1% increase
M&A
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Small caps: Size of the matter
When the largest company in the bottom 10% of the small-cap sector has a market capitalisation of £1.7bn, are smaller companies getting too big for their boots?
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Reports: Amundi considers buying AllianzGI
Rumours regarding a tie-up have been in circulation for more than a month
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PRS REIT: ‘Number of interested parties’ regarding sale of trust
The board is in ‘active discussions’ about selling the trust with ‘a number of interested parties’
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BlackRock to acquire HPS Investment Partners
The private credit specialist holds $148bn of client assets
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J. Safra Sarasin acquires MIV Asset Management
The company has purchased 100% of the med-tech specialist’s shares
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Apax Funds to buy Evelyn Partners’ accountancy and advisory business
Will become a stand-alone business rebranded as S&W
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Ninety One acquires Sanlam Investment Management
It will take over management of its £17bn in assets under management
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PwC: 81% of wealth managers are eyeing up consolidation or M&A
There is an ‘urgent need’ for firms to adopt ‘transformational’ new technology, and consolidation is the fastest route
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SEGRO offer for Tritax EuroBox lapses
After SEGRO agreed deal with rival bidder Brookfield to split the Tritax EuroBox portfolio
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JPM’s Elliott: Are bigger investment trusts always better?
Consolidations have swept the sector as wealth managers seek larger trusts, writes Simon Elliott
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Asia Dragon proposes merger with Invesco Asia
The newly-created FTSE 250 company will lower ongoing fees to below 0.7%