news in brief

• The proposed management-led buyout of Liontrust Asset Management has fallen through after the part...

• The proposed management-led buyout of Liontrust Asset Management has fallen through after the parties involved failed to finalise the agreement within a reasonable timeframe. After the group announced a tentative, management-initiated approach on 5 November, which noted Liontrust's rising share price, talks began on a proposal to put to shareholders. Those talks have now been terminated. Liontrust's directors confirmed pre-tax profits will be in line with market forecasts. • Norwich Union is offering a five-year money back guarantee on with-profits inflows into its Portfolio Investment B...