mergers and acquisitions

Perfect storm of cost saving and regulatory burden behind deals

Possibility of fund mergers and closures on completion

Creates 'group of greater scale'

Transaction will close in February

Business model will not change

Brooks announces £30m placing to finance deal

Buying subsidiary of Tenet Group

Chief executive of Tilney Chris Woodhouse will become group chief executive

No-deal Brexit will cause 'a tremendous shock on the UK economy'

Client fees reduced by £3.1m