FCA Spac changes to have ‘significant impact’ on UK advice M&A
Lowering threshold for initial listing to £100m ‘makes it a perfect size for an acquisition vehicle’
Looser regulatory restrictions around special purpose acquisition companies (Spacs) could have a “significant impact” on the UK financial advice market as investors look for alternative routes to tap into rampant consolidation in the space.
A Spac is a corporation formed for the sole purpose of raising investment capital through an initial public offering (IPO). When the Spac raises the required funds through an IPO, the money is held in a trust until the desired acquisition is made.
Spac changes to have significant impact on UK advice M&A international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.
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It seems like the smoked salmon you re getting at the supermarket might not be salmon at all.
Some time back, Ivan, a reader who shopped regularly at Giant, Cold Storage, and NTUC FairPrice, wrote to us with this tip: One item that is sold in the smoked fish section is ‘salmon trout’. It is marketed as smoked salmon but the ingredients will list it as salmon trout. It is cheaper than smoked salmon.
But that s not all. According to this aggrieved reader, there s no such thing as salmon trout . Salmon is salmon and trout is trout. There is no salmon trout, was his terse response.