PracticeAccounting FirmsFidelity buys 8% stake in Tenon

Fidelity buys 8% stake in Tenon

Fidelity International, a US fund manager, has bought one million share in Tenon, the UK's largest accountancy consolidator, as the shares hit a record low.

The fund manager now holds a 7,49% stake in the top ten accountancy company, with well over a million shares purchased.

The AIM-listed group’s shares have continued to fall following a profits warning last week. Revised profits for 2001 will be between Pounds 500,000 and Pounds 1m against an expected Pounds 6m.

Tenon’s share price dropped further from 85p to 75p today.

Links

Tenon shares hit new low

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

6d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman