Falling mining sector payouts see UK dividends drop 8.3%
While utility sector was strongest contributor to growth, according to Q3 dividend monitor
Companies
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DWS shares fall as asset manager’s inflows underwhelm
Net inflows including cash were €2.3bn (£2bn)
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Progeny acquires IFA firm
Adding £600m of assets under management
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M&G to close £565m UK property fund
Sector has been hit with waves of redemptions in recent years
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Hargreaves Lansdown assets edge up to £134.8bn
The firm booked new business of £600m in first quarter
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Rathbones’ operating income ticks up 6.5% in Q3 results
Migration of assets from Saunderson House continues
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AJ Bell books £4.2bn inflow to bring total assets to £71bn
Customer numbers increased by 50,880 to 476,532
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Quilter reports inflow drop-off but total assets stay flat
AUMA at £101.4bn on 30 September
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Jupiter sees £1bn of outflows in third quarter as ‘macro uncertainty’ persists
Firm will implement fee changes from early 2024
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Woodford investors granted single vote on Link redress scheme
No separate vote for retail and institutional investors
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Brooks Macdonald suffers Q1 net outflows
But anticipates flows to turn positive in FY24 as a whole
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Odey wealth arm to be wound down
Money still under management will be returned
