Companies
Barclays speeds up sale of French arm as Q1 profits dip
Barclays has entered exclusive talks with specialist European private equity firm AnaCap Financial Partners to sell the bank’s French wealth management and retail banking operations.
Brooks Macdonald assets edge past £8bn
Brooks Macdonald Group reported its assets under management rose 2.37% during the first quarter of 2016 to hit £8,007m.
SJP saw record gross inflows in Q1
St. James’s Place reported a record £1bn of gross inflows in March, increasing the group’s funds under management to £62bn.
UK insurer Phoenix poised to buy Axa’s Sun Life
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
EEA secondary share sale delayed
Investors in Guernsey-based EEA Life Settlements Fund have been dealt a further blow in their attempts to sell some, or all, of their shares after the company running the sale offer advised that it needs more time.