View more on these topics

Turnaround specialist increases stake in F&C

Turnaround specialist Edward Bramson has doubled his stake in F&C Asset Management to take more than 9 per cent of the business.

Yesterday Sherbourne, Bramson’s investment company, took a 5.2 per cent or £15.59m stake in F&C but this morning the firm almost doubled that with the acquisition of another £14.48m shares, taking its total exposure to £30m, or 9.4 per cent of F&C AM.

Sherbourne’s announcement yesterday took F&C shares to a four-month high yesterday and the stock has continued to rise this morning by nearly 2 per cent to 64.25p.

Bramson is known as a turnaround specialist after investing in both public and private firms in the chemicals, electronics, media, consumer and packaging markets. He is also credited for pioneering many of today’s buyout techniques.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com