Woodford Investment Management has pointed the finger at outsourcing company Capita in a note to investors.
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.”
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.
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.
Rio Tinto reported solid production results for the fourth quarter and full year 2016, boosting expectations that the firm could reward investors in 2017.
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.
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.
Neil Woodford has said the performance of his funds in 2016 has ‘tested his resolve.’
Shares in Jupiter Fund Management slid over 6% after it reported net outflows of £373m in the fourth quarter.
Liontrust saw £190m in net flows between October and December the firm reported today.
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%.
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.
Within ten minutes of trading on Wednesday morning, Next’s shares had plummeted close to 14% after warning of “tougher times” ahead.
New data from Financial Express Analytics reveals a stunning year for miners and oil companies and persistent trouble for telecoms and retailers.
Crux Asset Management has acquired Oriel Asset Management from City Financial Investment Company.
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.
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.
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.
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.
The Duncan Lawrie Asset Management research team is...
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