Honister Capital to axe staff in restructure

The group, which consists of Sage Financial and Honister Partners, Burns Anderson and Willis Owen, said it is undertaking a consultation into a restructure aimed at reducing operating expenses amid escalating regulatory costs.  Its consultation will take place throughout August and September with an announcement due in October. "Honister Capital remains a profitable group, but we have seen increased regulatory and trading costs in our advisory businesses during the last 12 months," said chief executive officer Richard Pearson (pictured). "It is therefore important we reduce our ope...