Terry Smith takes aim at Unilever’s ‘gin rummy management’
Fundsmith founder describes failed £50bn bid for GSK Consumer as a ‘near death experience’
M&A
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Assetco handed more time to make River and Mercantile bid
A week after Premier Miton dropped out of the race
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‘The wave of consolidation will continue’: The outlook for asset management in 2022
From more M&A to the continuing march of ESG, asset management professionals highlight what to expect from the industry this year
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Tavistock buys 21% stake in IFA group for £10m
Almost 18 months after the advice firm’s founder and CEO died
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Mattioli Woods eyes more M&A as it reports £44m cash
Chief executive Ian Mattioli says firm is actively looking for both short and long-term M&A targets
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GHAM and Harwood Capital battle spreads to new investment trust in £370m merger plans
Strategic Equity Capital shareholders seek to drop Ken Wotton a year after his appointment and join forces with Odyssean
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Praemium sells UK and international arm to Morningstar for £35m
‘Praemium’s digital-first capabilities will allow us to reduce friction, lower costs, provide more choice, and improve efficiency for advisers’
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Why do some advice companies keep acquisitions quiet?
‘I would estimate at least 50% of deals are not released to the press’
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Canaccord Genuity adds £5bn to UK arm as it snaps up Punter Southall Wealth
Tilney Smith & Williamson had been reportedly eyeing the wealth manager which owns Psigma IM earlier this year
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Majedie’s value plunged 19% ahead of Liontrust deal
Majedie Investments writes down value of holding due to Covid outflows and pulled mandates
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Jupiter hires adviser to fend off bids amid spate of M&A activity
Robey Warshaw is one of the employers of George Osborne
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Man Group’s £190m share buyback thrusts spate of M&A deals in the spotlight
Questions raised over whether hubris is behind management picking M&A over share buybacks