US/UK - Amvescap, the Anglo/US fund manager, cited the worst bear market for 65 years as pre-tax profits plunged 33% in 2002.
Profits stooped to £320.9m (US$516.6m) last year and total funds under management fell to around £207m, a drop of 16%. Amvescap was hit by an exceptional charge of £69.2m resulting from a cost r...
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