- BGEO Group said its board had approved a planned demerger of its banking and investment businesses into into two separately London-listed companies.

The split remained subject to shareholder approval.

'The board believes that the demerger is the best way to enable the individual businesses to grow faster and develop independently over the next few years,' the company said.

At 1:24pm: [LON:BGEO] BGEO Group share price was +60p at 3482p

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