Pensions group STM’s pre-tax profits fell 72% in 2023 as the takeover by Pension SuperFund Capital continues to rumble on.

NatWest Group plc has signed a deal today to acquire Sainsbury’s Bank’s retail banking assets and liabilities and its 1m customer accounts for £2.5bn.

Canaccord Genuity Group, the Canadian-owned wealth manager expanding in the UK, is to acquire £900m AUM London and Cambridge Chartered Financial Planner Cantab Asset Management.

Investment platform Hargreaves Lansdown (HL) has rejected a £5bn takeover bid from a private equity consortium.