- Investment manager Rathbone Brothers said its acquisition of Speirs & Jeffrey had been completed, following the receipt of UK regulatory approval.

An initial payment of £104m for the acquisition was satisfied through £79m cash and the issue of around 1m new ordinary Rathbones shares.

The shares are locked up for three years from completion and would be subject to ongoing employment conditions for the sellers.

The deal, first announced in June, had been approved by the UK's Financial Conduct Authority.

Story provided by