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Average discount across 14 PE trusts is 34 per cent
Move will be relief to government as it tackles cost of living crisis
Wealth managers’ deal may bring scale benefits but is not without risk
The July charge may make it harder to hit operating margins in the high 20s by 2024
Merger comes as wealth managers seek to bulk up in the face of surging costs
The financier says his journey from poverty to the boardroom has been fundamental to becoming a successful leader
Owners of portfolios spanning London’s Covent Garden and Soho will combine in all-share deal
Investment bank’s estimate is 5% higher than other recent forecasts
Even after recent share price rises, investors can find value
Asset management group’s CEO could have stake worth £40m after float
Steak chain hopes carbon offsetting and co-working can rejuvenate its business
Lack of diversity revealed by industry-wide report
Brexit uncertainty and restructuring costs also expected to weigh on first-half results
Investors also signal their displeasure with the group’s executive pay at AGM
Closure follows a similar move by UBS last year and illustrates problems faced by the sector
Chief risk officer to take on the top job in three to six months
A deal would increase UK-listed company’s asset base after steep falls at the end of last year
Anglo-South African group says demerger of asset management arm ‘progressing well’
South African banking group plans to list £109bn funds arm as it overhauls board
Group could unlock value by taking tip from compatriot Old Mutual, which is splitting itself up
Longstanding management team to move to non-executive roles
UK Edition