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F&C's profits rebound as cost-cutting takes hold

31 July 2013 •

F&C Asset Management has reported pre-tax profits of £37.3m for the half year ending 30 June 2013 after implementing cost-cutting measures.

The company said buoyant equity markets and cost-cutting measures introduced by activist shareholder Edward Bramson were behind the rebound. The figure is an increase from £22.1m for the same pe...

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