Old Mutual Wealth confirms £600m sale of OMGI

Old Mutual Wealth has agreed to sell its Single Strategy investment business to TA Associates, a private equity firm, for £600m.

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Schroders pre-tax profit up 12%

Schroders has published its interim management statement covering the nine months to 30 September 2015 which shows pre-tax profit up 12% to £453.2m.

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FCA fines fund manager £22.9m

The Financial Conduct Authority has fined fund manager State Street UK £22.9m. Read more...
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