Weath manager European Wealth has completed its first acquisition after buying IFA Compass Financial Benefits, using the proceeds of a ££725,000 share placing to fund the takeover.
The smallest discretionary fund managers in the UK market could be vulnerable to a fresh wave of takeovers by larger rivals, new research has suggested.
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Henderson's Chris Burvill is buying AstraZeneca, among other firms, in a move to benefit from merger and acquisition speculation.
US pharmaceutical giant Pfizer has abandoned its plans to buy AstraZeneca following an unsuccessful pursuit of its UK rival.
Shares in pharma giant AstraZeneca plunged this morning after the group rejected a fresh offer from US firm Pfizer.