Amvescap today confirmed it has appointed Goldman Sachs, Merrill Lynch and JP Morgan Cazenove as advisers amid talk that Canadian group CI Financial could return with a fresh offer.

Shares of the Anglo-US fund manager were trading up 3% to 425p at 10:05 GMT today on talk that CI Financial, Canada's third largest mutual fund firm could return after its two previous approaches had been rebuffed. Amvescap's current market value is £3.35bn (€4.8bn).