Swiss private bank UBP is understood to be buying UK investment business ACPI for an undisclosed sum, as Swiss firms increase their presence in the UK.
According to FTfm, UBP is close to finalising the deal for ACPI, an investment management firm that oversees $4bn in assets and has 70 staff. ACPI is run by Brett Lankester, a former managing director...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday