Canaccord Genuity Group Inc., Canada’s largest non-bank brokerage, would consider small deals to build-up its U.K. wealth-management business even as it shuns larger acquisitions, Chief Executive Officer Paul Reynolds said.
Canaccord Genuity Group Inc., Canada’s largest non-bank brokerage by assets, said losses narrowed in the fiscal second quarter on lower costs and improvements in its capital markets businesses outside Canada.
New Zealand consumers are unwilling to pay current prices for smartphones, limiting sales even amid increased demand for applications offered by Facebook Inc., Telecom Corp. ’s chief executive officer said.
Telecom Corp. , New Zealand’s largest telephone company, will be able to hold a shareholder vote on a possible demerger by the middle of next year if it’s selected as a partner in a national broadband plan.
Canaccord Financial Inc. and GMP Capital Inc., Canada’s two largest non-bank brokerages, are plunging to three-year lows on the Toronto Stock Exchange as Europe’s debt crisis saps demand for mergers and financings.
Canaccord Financial Inc., Canada’s largest non-bank brokerage, agreed to buy Collins Stewart Hawkpoint Plc for 253.3 million pounds ($393 million) in its largest takeover, expanding the wealth management and investment-banking businesses in the U.K.