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Perpetual to announce future plans

Perpetual is expected to make an announcement on its future after the collapse of merger talks with US giant Amvescap.

Industry sources predict the fund manager will be bought by a US or European bank.

Amvescap has announced its purchase of Canadian fund manager Trimark. It is believed the prospect of having to integrate two large businesses simultaneoulsy scuppered the Amvescap-Perpetual coupling which was estimated to be worth £1.3bn.

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UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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