Cazenove

Shares in asset management giant Schroders were up sharply in early trading after the group announced it had agreed a deal to buy Cazenove Capital for £424m.

Schroders has agreed a £424m cash offer for Cazenove Capital in a deal that significantly strengthens its private banking, wealth management and funds businesses.

At first glance, Schroders' confirmation that is in talks to acquire Cazenove Capital makes perfect sense.

This morning it emerged Schroders has entered bid talks to acquire Cazenove Capital.

Schroders is in talks with Cazenove Capital over a possible acquisition of the boutique.

Cazenove's top performing UK Equity Income fund manager Matt Hudson has identified the potential winners among the UK's banking sector following a stellar year for all the big banks.

ECONOMY

The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.

Henderson's chief executive Andrew Formica has teamed up with Nichola Pease and a range of asset managers to launch an initiative to get young people in the UK work experience - and potentially jobs - in the City.

Rayner Spencer Mills' research directors Ken Rayner and Graham O'Neill have picked a selection of funds from the IMA sector universe which have seen a recent rebound in performance.