market

BUSINESS LIVE: Abrdn and II deal nears; LadBible set for London float


BUSINESS LIVE: Abrdn and Interactive Investor deal nears; KMPG faces government contract ban; LadBible set for London float










British asset manager Abrdn is nearing a deal to buy DIY stock-picking platform Interactive Investor, with confirmation of the tie-up expected imminently, according to reports.

Abrdn shares jumped 2.2 per cent in late trading yesterday in response to speculation of a deal, which would see II operate independently within the asset manager and continue to be run by Richard Wilson.

KPMG could be banned from applying for Government contracts after a series of scandals.

The Big Four consultant was the third biggest winner of public contracts in the year to March after Deloitte and PwC, with £244million of work.

Online ‘lads mag’ Lad Bible is set to float on the London stock market with a valuation of £360million.

To beef up credibility Lad Bible has hired Carol Kane, the co-founder of the online fashion site Boohoo, for its board. It will look to raise £30million from the offering.

>If you are using our app or a third-party site click here to read Business Live          

Abrdn's swoop for II is expected in the coming days

Abrdn’s swoop for II is expected in the coming days 

 





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.