SJP laments dented profits after ‘frustrating’ FSCS levy hike
Wealth manager had anticipated fees would rise moderately but instead they soared 72%
Companies
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Weekly outlook: Remdesivir drug maker and SJP among flurry of results; Fed chair Jay Powell weighs rates
The key events for UK wealth managers for the week starting 27 July
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AJ Bell and Brewin Dolphin see assets surge 12% after elevated trading activities
FTSE 250 platform group expects profits for the year to be £2.5m higher than analyst consensus
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Brexit barriers push Tam Asset Management to open Mallorcan office
‘Thorny issue of passporting rights’ prompted the firm to establish a European base
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Are fund manager M&A deals in line for a Covid kick?
Healthy balance sheets and a flexible cost base leave asset managers well placed to weather a downturn
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Weekly outlook: Quarterly results from Amazon and Alphabet as US updates on unemployment
The key events for UK wealth managers for the week starting 20 July
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Oil majors ditched from income portfolios as firms divert cash to become ESG friendly
Just 36% of UK equity income funds hold Shell in their top-10 compared to 65% at the start of 2020
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MPS rare bright spot for Brooks Macdonald amid £770m outflows
Wealth manager also announces former Alliance Trust Savings boss will join its board
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Baillie Gifford’s UK arm rakes in higher profits as group wide assets tumble from coronavirus hit
Assets across the wider group shrank by £21bn during Q1 2020
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Weekly outlook: UK updates on inflation and unemployment; Christine Lagarde reveals rate decision
The key events for UK wealth managers for the week starting 13 July
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How the UK advice sector could take advantage of Rishi Sunak’s youth employment incentives
The £2bn kickstart scheme will subsidise wages of young people who are at risk of unemployment
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Polar finally returns to inflows while Premier Miton focuses on fresh hires amid continued outflows
Net inflows come despite the closure of the Polar UK Absolute Equity fund
