Harwood drops Frenkel Topping takeover bid

A stock exchange announcement confirmed there had been discussions over the deal but it was no longer going to take place.  The Salford-based adviser firm said it had made a robust start to the new financial year with January being a record month for new business wins since 2010. Frenkel Topping chief executive Richard Fraser said: "We have made significant progress in the last two years and delivered excellent results; with AUM at a record high and a healthy pipeline of new business wins, we are strongly positioned to continue delivering further growth and value for our shareholders....