Canada’s Bank of Montreal (BMO.TO) has reached a deal to buy UK-based F&C Asset Management Plc (FCAM.L) for 708 million pounds ($1.2 billion) just a day after first announcing an offer, saying the move would help expand its wealth management arm. Tuesday’s statement sent shares in F&C, operator of the […]
Author: InvestAdvocate
U.K. 4Q GDP Grows 0.7% to Cap Best Year Since 2007
The U.K. economy expanded 0.7 percent in the fourth quarter, ending the best year since 2007 amid growth in every industry except construction. The increase in gross domestic product followed a 0.8 percent gain in the third quarter, the Office for National Statistics said today in London. It was in […]
Jobs and Growth: Supporting the European Recovery
By Christine Lagarde As we begin the new year, Europe confronts both good and bad news. First the good news. Growth is finally picking up in the euro area as it is slowly emerging from the deep recession. The bad news? Still nearly 20 million people are unemployed. Until the […]
