Royal Mail’s shares slump as letters business undercuts growth

Royal Mail’s shares slump as letters business...

Despite a busier than usual Christmas delivery season, Royal Mail’s share price slumped to 6.4% to 420.7p Thursday morning, as investors continued to fret about its flagging letters business.

Published : 19, Jan 2017
Woodford’s flagship fund hit by Capita struggles

Woodford’s flagship fund hit by Capita struggles...

Woodford Investment Management has pointed the finger at outsourcing company Capita in a note to investors.

Published : 18, Jan 2017
UK fund managers stung by Pearson share plummet

UK fund managers stung by Pearson share plummet...

Shares in Pearson plunged 26.8% to 591.8p on Wednesday as the publisher revealed its higher education business has “declined further and faster than expected in 2016.”

Published : 18, Jan 2017
Leeds wealth firm Progeny targeting rapid expansion

Leeds wealth firm Progeny targeting rapid expansion...

Leeds-based wealth firm Progeny Group, is aiming to expand rapidly this year and challenge the “big boys” of the investment industry, according managing director Neil Moles.

Published : 18, Jan 2017
Miton year-end AUM up despite manager departures

Miton year-end AUM up despite manager departures...

Miton Group's assets under management finished the year up to £2.9bn from £2.7bn the year before, despite the loss of two of its highest profile fund managers last year.

Published : 17, Jan 2017
Rio’s Q4 numbers boost dividend hike expectations

Rio’s Q4 numbers boost dividend hike expectations...

Rio Tinto reported solid production results for the fourth quarter and full year 2016, boosting expectations that the firm could reward investors in 2017.

Published : 17, Jan 2017
Alliance Trust reveals new manager line-up

Alliance Trust reveals new manager line-up

Jupiter, River and Mercantile and Veritas are among the firms selected to create “a compelling equity portfolio” as part of Alliance Trust’s new manager line-up.

Published : 16, Jan 2017
Fickle consumer and rising inflation could derail retailers’ rally – Brewin Dolphin

Fickle consumer and rising inflation could derail...

Although Thursday’s influx of trading updates highlighted positive growth for retailers like Marks & Spencer and Tesco, problems in the sector persist, according to Brewin Dolphin equity analyst Nicla di Palma.

Published : 12, Jan 2017
Woodford says last year ‘tested his resolve’

Woodford says last year ‘tested his resolve’

Neil Woodford has said the performance of his funds in 2016 has ‘tested his resolve.’

Published : 12, Jan 2017
Jupiter shares slide on outflows report

Jupiter shares slide on outflows report

Shares in Jupiter Fund Management slid over 6% after it reported net outflows of £373m in the fourth quarter.

Published : 12, Jan 2017
Liontrust closing in on £8bn in assets

Liontrust closing in on £8bn in assets

Liontrust saw £190m in net flows between October and December the firm reported today.

Published : 11, Jan 2017
Outlook for bank shares “far better”

Outlook for bank shares “far better”

The outlook for bank shares is “far better” now than at the start of 2016 analysts have said, shortly after the UK government announced it had reduced its stake in Lloyds Bank to below 6%.

Published : 9, Jan 2017
Edmond de Rothschild AM scales back UK presence

Edmond de Rothschild AM scales back UK presence...

Edmond de Rothschild Asset Management is scaling back its United Kingdom presence and has made a number of redundancies in London, according to reports confirmed by Portfolio Adviser.

Published : 5, Jan 2017
Next’s shares frostbitten by chilling profits warning

Next’s shares frostbitten by chilling profits...

Within ten minutes of trading on Wednesday morning, Next’s shares had plummeted close to 14% after warning of “tougher times” ahead.

Published : 4, Jan 2017

2016’s best and worst FTSE sectors revealed

New data from Financial Express Analytics reveals a stunning year for miners and oil companies and persistent trouble for telecoms and retailers.

Published : 3, Jan 2017
Crux AM buys Oriel from City Financial

Crux AM buys Oriel from City Financial

Crux Asset Management has acquired Oriel Asset Management from City Financial Investment Company.

Published : 3, Jan 2017
Barclays shares slide after DoJ fraud allegations

Barclays shares slide after DoJ fraud allegations...

The US Department of Justice is suing the British bank and two of its executives for deliberately selling “defective and misrepresented” mortgage loans during the peak of the housing bubble.

Published : 23, Dec 2016
Lloyds shares climb on credit card deal

Lloyds shares climb on credit card deal

Shares in Lloyds Banking Group climbed 3% on Tuesday to 64.5p as markets received news it has struck a deal to acquire credit card business MBNA.

Published : 20, Dec 2016
Brewin Dolphin snaps up Duncan Lawrie AM

Brewin Dolphin snaps up Duncan Lawrie AM

Brewin Dolphin has bought the private client arm of Duncan Lawrie in a deal that will take the company’s total assets to £36.1bn.

Published : 19, Dec 2016

The M&A that mattered in 2016

Heightened political uncertainty and volatility made for a compelling M&A story in 2016. With the possibility that sterling has still further to fall, consolidation stands to become an even more prominent theme in the new year. Before that happens, Portfolio Adviser takes a look back at the top five transactions of 2016 that had investors talking.

Published : 16, Dec 2016
Brewin takeover to result in axing of Duncan Lawrie research team
Brewin takeover to result...

The Duncan Lawrie Asset Management research team is...

Bulls vs Bears: Which side to take on UK stocks?
Bulls vs Bears: Which...

With the FTSE at an all time high but Brexit uncertainties...

Brewin Dolphin hires Barclays Wealth man
Brewin Dolphin hires...

Godfrey Cromwell, a former Barclays Wealth banker,...

May reveals Brexit plan as inflation jumps and Carney hints at rate rise   
May reveals Brexit plan...

Inflation in the United Kingdom economy climbed to...

PA ANALYSIS: Don’t forsake liquid alts just yet
PA ANALYSIS: Don’t forsake...

Finding well-priced defensive assets has been a key...

OTHER STORIES FROM LAST WORD...