Schroders net inflows increase nine-fold
Schroders revealed a strong full-year report this morning with net inflows at almost £10bn, compared to £1.1bn in 2016.
Companies
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Aberdeen Standard Investments to set up Dublin hub
Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
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Woodford-backed ITV shares fall 6%
Neil Woodford-backed ITV saw shares fall 6% today, making it the worst performer in the FTSE 100 index, after it posted its full-year results for 2017.
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Jupiter ‘boringly concludes’ it doesn’t need to be acquired
Jupiter Asset Management does not need to be acquired, CEO Maarten Slenderbroek has reiterated, but acquiring “talented” businesses in specific areas is not out of the question either.
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Provident Financial’s shares rebound 75% after FCA settlement
After touching a 22-year low on Monday, Provident Financial’s share price spiked massively on Tuesday morning, reaching a six-month high of 1,075p, as it resolved one of its investigations with the Financial Conduct Authority (FCA).
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Jupiter spies room for growth as inflows quintuple
Jupiter says it is eyeing growth in global equity and outcome-orientated multi-asset strategies to continue diversifying its business as inflows more than quintuple, according to its annual results.
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Woodford favourite Provident Financial’s shares slink to 22-year low
Provident Financial’s shares have sunk to their lowest point since 1996 as rumours swirled that the firm might include a £500m rights issue in its annual results.
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Deutsche Bank confirms €2bn float of asset management arm
Deutsche Bank has confirmed plans to list its asset management division DWS for €2bn on the Frankfurt Stock Exchange.
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Phoenix £6bn offshore bond grab opens market to last players
The acquisition of Standard Life Aberdeen’s UK and European insurance arm will net closed book insurer Phoenix Group around £6bn in offshore bonds, the company has confirmed.
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Standard Life Aberdeen reports £31bn outflows
Standard Life Aberdeen (SLA) has reported outflows of £31bn in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
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RBS breaks nine-year string of losses with £752m profit
RBS has returned its first bottom-line profit in 10 years, despite City analysts predicting the bank’s string of losses would continue.
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Standard Life Aberdeen to sell insurance arm for £3bn
Standard Life Aberdeen is to sell its UK and European life insurance business to consolidator Phoenix Group in a £3bn cash and shares deal.
