Newton in takeover deal

Newton is set to boost its private client assets under management by £930m by acquiring Henderson's private asset management business. The group has entered into an agreement, the terms of which are undisclosed, that will see it annex Henderson Private Asset Management in August, bringing it under the Newton Private Investment Management arm. The deal will bolster assets in Newton's private investment management business by around 25%, pushing total assets under management up to around £5bn. Henderson Private Asset Management currently runs money on behalf of more than 1,000 high net...