Charles Stanley profits rise as Covid knocks £4bn off assets
‘Trading results for the new financial year are expected to be significantly impacted by the crisis’
Companies
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Ascentric deal set to help M&G play catch up in the advised space
Royal London parts with wrap advised platform with £14bn in AUA
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SJP delivers strong inflows amid coronavirus in first monthly update
‘Retention of client investments was particularly strong during the month’
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Coronavirus weekly round-up: Andrew Bailey weighs negative rates as UK inflation halves
Four investors mull the events shaping portfolios over the past week
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Jupiter shareholders green light £370m Merian deal
Covid disruption was unlikely to cause Jupiter to rethink the price it was willing to pay for Merian
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AJ Bell reveals positive flows amid worst of coronavirus sell-off
But FTSE 250 platform sustains 8% hit to AUA
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Ninety One assets drop 7% despite net inflows
Results are for a period before the departure of Alastair Mundy in April
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Weekly outlook: Burberry and Imperial Brands report; UK employment data covering lockdown period
The key events for UK wealth managers for the week starting 18 May
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Hargreaves rallies despite risks of class action over Woodford cheerleading
D2C platform enjoyed strong net flows over the coronavirus lockdown
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Standard Life Aberdeen reveals £1bn flows as Martin Gilbert steps back
Year-to-date figure presented ahead of AGM but excludes £25bn redemption of Lloyds mandate
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Blackrock’s largest shareholder ditches stake as it hunts for Covid-19 bargains
‘It will significantly improve the free float and enable it to diversify its shareholder base’
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Weekly outlook: Scottish Mortgage final results; UK GDP and Chinese economic data
The key events for UK wealth managers for the week starting 11 May