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F&C cuts costs as showdown with activist approaches

Comments (0) | 14 Jan 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Investment group braces for emergency general meeting on February 3

F&C Asset Management today stepped up its fight against activist investor Sherborne by announcing a new cost-saving plan.

F&C revealed plans to outsource work carried out by 70 percent of the group’s operations staff in a move it says could save £12 mn ($19 mn) a year ...

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