Rathbones holds steady as firm flags £60m bill from FCA review
Rathbones shares rose 1.0% to 1,636p in London after a regulatory review forced the firm to halt some high-risk client activity and forecast £60 million in extra costs over two years. CEO Jonathan Sorrell and Chair Clive Bannister bought about £500,000 of shares after the warning. The company will pause new business from certain clients for up to a year, affecting inflows.