Rathbones drops 17% as FCA review hurts profit and halts client flows
Rathbones shares dropped 17% in London after the firm disclosed a £60 million remediation charge tied to compliance issues flagged by a regulatory review. The company will halt new business from higher-risk clients for up to a year and expects a further £9 million hit to 2026 underlying profit from changes to cash-fee pricing. Interim results are due July 29.