One of Britain’s leading wealth management companies was the focus of City takeover talk yesterday, amid rumours that NatWest is interested in making a bid.
Shares in Quilter ended the day up by nearly 15 per cent to value the firm at about £1.7 billion as investors reacted to a report in The Mail on Sunday newspaper suggesting that the bank was in the early stages of considering an acquisition.
It is the second time in recent months that NatWest has been linked with a tilt at a wealth manager. In April it was tipped as a possible suitor for Evelyn Partners, the private equity-owned group that changed its name from Tilney Smith & Williamson.
However, City sources played down the possibility of a move