Rathbones has completed its acquisition of Scottish independent wealth manager Speirs & Jeffrey, increasing its FUM by 18% to £44.5bn.
In an official statement released this morning, the group said the initial consideration of £104m for the acquisition was satisfied through £79m cash and the issue of 1,006,522 new ordinary Rathbones shares....
Due to leave on 31 May
To repay £900,000 to customers
Inflation above 2% for first this this year
Four new entrants
Raising the group's profile in the UK