View the article online at http://citywire.co.uk/wealth-manager/article/a749371
Martin Gilbert: it was brutal for us
by Eleanor Lawrie on May 06, 2014 at 11:48
Another effect of the Swip acquisition is the group has significantly increased the size its UK equity holdings, and has moved from having a small position in AstraZeneca to being one of the largest holders.
Now the takeover is complete, the firm is looking at cost efficiencies. The front office of the combined business will be rationalised by the end of the financial year, while back office savings will be coming in during 2015.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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