09:10 AM EST, 11/26/2024 (MT Newswires) -- Canaccord Genuity Group Inc. ( CCORF ) , which rose 3.2% and hit 52 week highs yesterday, on Tuesday confirmed there is "no plan to sell its wealth management business the UK & Crown Dependencies" and said it "continues to have a productive working relationship with its strategic and financial partner."

The company in a statement said its policy is that it does not comment on specific rumours or speculation. However, due to the publication of an article from a UK-based financial media outlet containing information credited to anonymous sources not known to the company, it believes that a communication is warranted.

Tuesday's statement read: "The company wishes to confirm that there is no plan to sell its wealth management business the UK & Crown Dependencies and that it continues to have a productive working relationship with its strategic and financial partner. We are proud of the value that all our wealth management businesses have created and are fully committed to their continued growth."