m&a

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

National wealth manager, Bellpenny, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.

MARKETS

The merger of Glencore and Xstrata to form the world's largest mining company has finally been approved by shareholders, but has claimed the job of Xstrata chairman Sir John Bond in a row over pay.

CONTRARIAN

Barclays has teamed up with Amundi Investment Solutions to launch a fund providing exposure to US takeovers.

SPECIALIST

JPMAM's Neil Gregson talks to Jenny Cosgrave about a frustrating year for commodities investors.

European equity managers are increasing exposure to special situations stocks as they seek new opportunities away from overvalued defensive names.

ITs