Premier hits £5bn AUM and swings to profit

Premier hits £5bn AUM and swings to profit

Premier Asset Management achieved a record level of assets under management during the year and rebounded from its 2015 loss.

Published : 1, Dec 2016
RBS stress test failure sends shares spiralling

RBS stress test failure sends shares spiralling...

Shares in RBS had fallen 5% top 187.2p by mid-morning on Wednesday after the bank emerged as the biggest failure in the Bank of England’s latest stress test scenario.

Published : 30, Nov 2016
Brewin hit by 18% fall in pre-tax profits

Brewin hit by 18% fall in pre-tax profits

Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.

Published : 30, Nov 2016
Pacific Investments launches multi-asset retail arm

Pacific Investments launches multi-asset retail...

Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.

Published : 30, Nov 2016
FTSE 100 falters as Ofcom orders BT split

FTSE 100 falters as Ofcom orders BT split

The index dipped by 0.53% to 6763 Tuesday morning as Ofcom launched formal proceedings to legally separate Openreach from BT Group.

Published : 29, Nov 2016
Wealth manager launches in Harrogate

Wealth manager launches in Harrogate

Harrogate Wealth Management, a new financial advice firm, has been launched by financial adviser Lee Hurst.

Published : 28, Nov 2016
Barclays launches online investment service

Barclays launches online investment service

Barclays has launched an online investment service in an effort to help plug the savings and advice gap.

Published : 28, Nov 2016
Aberdeen hit by £32.8bn of net outflows

Aberdeen hit by £32.8bn of net outflows

Aberdeen Asset Management has reported £32.8bn of net outflows with negative economic and political newsflow having “weighed on investor sentiment”, according to chief executive Martin Gilbert.

Published : 28, Nov 2016
Charles Stanley reports 80% profit jump

Charles Stanley reports 80% profit jump

Charles Stanley reported an 80% increase in pre-tax profits for the first half of 2016, compared with the same period last year as it pitches to become the UK’s “leading wealth manager by 2020”.

Published : 24, Nov 2016
United Utilities shares jump 3% after ‘encouraging’ H1 results

United Utilities shares jump 3% after ‘encouraging’...

United Utilities’ share price enjoyed a 3% jump to 922.50p as it reported its first half financial results, with its chief executive saying he was “encouraged” and “confident” with the company’s progress.

Published : 23, Nov 2016
WH Ireland expands tech offering with Intelliflo deal

WH Ireland expands tech offering with Intelliflo...

WH Ireland has announced the next step in its outsourced technology plan with the roll out of Intelliflo’s Intelligent office solution within its Wealth Planning division.

Published : 22, Nov 2016
Special declines and slower US growth pull global dividends down

Special declines and slower US growth pull global...

The weakest US dividend growth since the financial crisis pulled global dividends down 4% year on year in the third quarter, Henderson Global Investors said on Monday.

Published : 21, Nov 2016
Old Mutual Wealth buys Cheshire advice firm

Old Mutual Wealth buys Cheshire advice firm

Old Mutual Wealth Private Client Advisers has added another name to its growing list of acquisitions in JW Financial Planning, a Cheshire-based advice firm.

Published : 17, Nov 2016
Royal Mail shares tank after interim numbers fail to inspire

Royal Mail shares tank after interim numbers fail...

Markets were unimpressed by Royal Mail’s second consecutive quarter of meagre sales growth, dragging its shares down by 6.4% to 467.2p on Thursday morning.

Published : 17, Nov 2016
Kleinwort Hambros unveiled following June deal

Kleinwort Hambros unveiled following June deal...

Digital, regional, and family office growth will take priority as two legacy names in the private banking space join forces under new brand Kleinwort Hambros.

Published : 17, Nov 2016
Investec profits rise in wealth and fund management arms

Investec profits rise in wealth and fund management...

Investec Wealth & Investment (IW&I) has reported a 14.1% growth in its operating profit in the six months to 30 September as its assets under management (AUM) grew to £51.3bn.

Published : 17, Nov 2016
M&G stems outflows

M&G stems outflows

M&G Investments has stemmed the flow of investor money out of its funds, according to a trading update from parent company Prudential.

Published : 16, Nov 2016
McKinsey: Asset management to see explosive change

McKinsey: Asset management to see explosive change...

McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.

Published : 15, Nov 2016
FTSE 100 hoisted by Brexit-bruised Land Securities, easyJet and Vodafone

FTSE 100 hoisted by Brexit-bruised Land Securities,...

The FTSE 100 Index mirrored Monday morning’s rally and was up 0.8% at 6807 even after constituents Land Securities and Vodafone reported H1 losses and easyJet delivered lower profits Tuesday morning.

Published : 15, Nov 2016
Liontrust grows AUM by almost 30% in H1

Liontrust grows AUM by almost 30% in H1

Liontrust has reported a 29.5% growth in assets under management (AUM) from £4.4bn in 2015 to £5.7bn at 30 September 2016.

Published : 15, Nov 2016

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