View more on these topics

Roger Bootle set to sell Capital Economics

Roger Bootle

Capital Economics founder Roger Bootle is looking to sell the economic consultancy in deal that could land him up to £50m.

The Daily Telegraph reports Bootle, who owns 68 per cent of the firm, has appointed advisers to prepare a sale of the business.

He has retained corporate finance firm Quayle Munro to work on a strategic review.

The Telegraph reports Bootle is selling up after turning 60 last year. He was paid £1.7m in each of the last two years.

Senior economists Jonathan Loynes and Julian Jessop hold 14 per cent and 7 per cent respectively with staff owning the rest.

Capital Economics made pre-tax profits of £4.9m in 2012 with £3.6m of capital and £4.2m of net cash. 


Henderson reopens UK Absolute Return fund

Henderson is reopening Ben Wallace and Luke Newman’s UK Absolute Return strategy following the decision to soft-close its funds 20 months ago. The asset manager soft-closed the strategy, which includes the Henderson UK Absolute Return Oeic and the Henderson Gartmore UK Absolute Return Sicav, on 30 November 2011 by imposing a 5 per cent initial […]


Friends Life partners with KRS for pensions Omo service

Friends Life has linked with Key Retirement Solutions to offer a whole of market shopping around service to pension customers who do not have an adviser. The provider says the non-advised arrangement will be piloted over the next few months and is being introduced to help people make the most of their pension when they […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment