Bankers shuffled after Cookson split

FTSE 100 industrials group splits in two, handing a corporate broking win to UBS and new mandates for incumbents BofA Merrill and JP Morgan Cazenove

UK industrial group Cookson Group has reshuffled its corporate broking roster following a decision to spilt into two companies, handing an extra mandate to incumbent Bank of America Merrill Lynch and a new brief to UBS.

Cookson announced yesterday that it would split into two companies called Alent and Vesuvius: Alent will focus on performance material, producing parts for smart phones and computers; while Vesuvius will house engineered ceramics, used in global steel and foundry industries.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached