View more on these topics

Money Portal could opt for sale after review

Money Portal has revealed that an outright sale is one of the options under consideration in its strategic review.

The firm says it has had expressions of interest from new and existing investors wanting to put more money into the business and that it would consider a capital restructure.

The Money Portal board has appointed Fenchurch Advisory Partners to review and evaluate investment proposals.

Group chief executive Mark Lund says: “We have received a number of unsolicited approaches from both an existing shareholder and potential new shareholders keen to invest money in Money Portal’s business. We believe these proposals underpin the potential of the advice sector.”

Financial Technology Research Centre director Ian McKenna says: “Money Portal has assembled a collection of businesses which have given it significant market share but with a diverse range of business models. It would make sense for it to look to rationalise the business and focus around the units that are most profitable. By doing this, the company should be able to make itself attrac- tive to investors.”

Recommended

US equity income: the standout market

By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment