11:09 AM EDT, 10/17/2025 (MT Newswires) -- Canaccord Genuity Group ( CCORF ) , up near 20% to a multi-year high, Friday commented on a news article speculating about a potential sale of Canaccord's UK wealth management business.

The company said in a statement that it "routinely" evaluates strategic initiatives which sometimes involve discussions with potential counterparties, however, there can be no assurance that such discussions will result in any specific outcome.

Reuters had reported Thursday that Canaccord Genuity ( CCORF ) "has been sounding out" potential bidders, for its British wealth arm. The news agency cited "two people with knowledge of the matter."

Canaccord shares are up $1.96, to $12.20 on the Toronto Stock Exchange.

Price: 12.23, Change: +1.99, Percent Change: +19.43