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.
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.
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.
The index dipped by 0.53% to 6763 Tuesday morning as Ofcom launched formal proceedings to legally separate Openreach from BT Group.
Harrogate Wealth Management, a new financial advice firm, has been launched by financial adviser Lee Hurst.
Barclays has launched an online investment service in an effort to help plug the savings and advice gap.
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.
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”.
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.
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.
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.
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.
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.
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.
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.
M&G Investments has stemmed the flow of investor money out of its funds, according to a trading update from parent company Prudential.
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.
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.
Fidelity’s Nick Price on the latest developments in Emerging Markets.
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