M&G sees £7bn outflow and profit dip
Prudential owned M&G Investments recorded £7bn in net outflows over the first half of the year, and saw a 10% slide in profits.
Author: Kristen McGachey
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EY: UK faces financial services slowdown even with ‘softer’ Brexit
Business and mortgage lenders and general insurers are in for a “tough” 2018, even if a softer, transitional Brexit deal is reached, according to an Ernst & Young economic forecast.
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For two thirds of UK public investing is not the future, study finds
Approximately 58% of 2,000 United Kingdom residents questioned still have no investments outside of their own bricks and mortar despite the equities rally seen over recent years, an invest.com poll found.
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Standard Life shares rise but GARS sees outflows
Standard Life shares were trading 4.4% higher at 332.6p despite Standard Life Investments’ highly popular Global Absolute Return Strategies fund reportedly seeing its first quarterly outflows.
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Old Mutual Wealth absorbs second financial planner in two months
Old Mutual Wealth and Private Client Advisers has acquired West Yorkshire financial adviser, Beaumont Robinson.
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Brown Advisory snags double hire
Brown Advisory has announced Nicholas Taylor and James Tussaud will join its London office as private client portfolio managers with immediate effect.
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M&G and Aberdeen still in the doghouse
Tilney Bestinvest’s “Spot the Dog” report names M&G as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds.’
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Barclays’ shares climb despite hit to H1 profits
Barclays’ share price rose 7.6% to 157.68p after reporting a 21% drop in profits due to major restructuring efforts over the first half of the year.
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Woodford adds two directors to investment trust board
Woodford Patient Capital Trust (WPCT) has appointed Carolan Dobson and Alan Hodson as non-executive directors.
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Mixed earnings as UK majors digest Brexit
Amid a flurry of interim results, Lloyds fell short of its dividend objective, while British American Tobacco and AstraZeneca were buoyed by organic growth and product innovation.
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Manager continuity key to consistent trust outperformance
Research by the Association of Investment Companies (AIC) has found correlation between fund manager longevity and fund consistency.
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SJP raises dividend and rolls out new income fund – Updated
St James’s Place has increased its interim dividend by 15% despite reporting a profit drop in the second quarter.
