Baillie Gifford to merge multi-asset funds
£276m Multi Asset Growth fund to merge into the Baillie Gifford Defensive Growth fund
shareholders
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M&G reports 5% profits rise for 2024
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
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Titan Wealth to acquire Ravenscroft Investments
Follows the acquisition of Ravenscroft’s UK investment management business last year
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Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
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FCA announces overhaul of listing rules in bid to boost UK IPOs
Removes the need for votes on significant or related party transactions
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Mattioli Woods receives £432m takeover bid
If approved, the deal would see the wealth manager transition to private ownership