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AFH Financial Group has received a £224.5 million cash offer to take over the business from US-based private equity company Cortina Bidco.

As another US firm ventures into the UK wealth management space The UK appears to have become an appealing market to our American cousins, with a spate of recent announcement heralding their growing presence in the space. The latest of which is a conditional agreement between AFH Group and Cortina Bidco, a newly incorporated company indirectly controlled by funds managed by Flexpoint Ford. Flexpoint managing director Steven Begleiter said: “We believe that the UK wealth management market is currently undergoing an important transition, as regulatory and demographic trends are driving increa...

AIM WINNERS & LOSERS: AFH Rises On GBP224.5 Million Takeover Offer Mon, 25th Jan 2021 10:29 (Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. AIM - WINNERS Journeo, up 27% at 72.30 pence, 12-month range 43.4p-75p. The transport technical services firm said it has secured a one-year extension to a framework agreement with First Bus UK. The extension will continue to March 2022, unless further extended, and is expected to generate GBP1.8 million in revenue. Proton Motor Power Systems, up 25% at 117.48p, 12-month range 23p-122.97p. The fuel c...

January 22, 2021 05:15 AM How Northwestern wants to treat COVID long-haulers • Biden lays out pandemic plan • Providers push back against Illinois personal injury bill Crain's Health Pulse is your source for actionable, exclusive and inside news on the health care industry.  A man pushes a wheelchair towards Northwestern Memorial Hospital in Chicago, Illinois. NORTHWESTERN OPENS NEW CENTER FOR LONG-HAULERS: Northwestern’s Comprehensive COVID-19 Center aims to treat the so-called COVID long-haulers suffering from a range of lingering issues. The new center, at Northwestern Memorial H...

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