Impax merger creates £11bn sustainable investor
Impax Asset Management has completed its acquisition of American sustainable investor Pax World Management, creating a £11bn ethical fund house.
Companies
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Miton sees 32% jump in assets
The AIM-quoted Miton Group today announced its assets under management (AUM) rose some 32% over the calendar year, from £2.9bn at the end of 2016 to £3.82bn at 31 December 2017.
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Franklin Templeton acquisition sees familiar face return
Franklin Templeton has struck a deal to acquire Edinburgh Partners, which will see the return of alumnus and former executive VP Dr Sandy Nairn.
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Fresh pain for Woodford picks
Wednesday trading brought fresh pain for Neil Woodford-majority owned companies, Provident Financial and Utilitywise, putting him on shaky ground early into the new year.
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Provident Financial posts bigger loss; JD Sports upgrades profits
Tuesday was a mixed bag for FTSE 250 trading updates, with Provident Financial predicting a bigger loss for its troubled home credit division and JD Sports and Ashmore reporting that business is booming.
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‘Sad day’ for shareholders as Carillion collapses
Carillion announced that it has gone into liquidation after rescue talks with key lenders over the weekend proved unsuccessful.
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Blackrock sees record inflows as ETF unit dominates
Blackrock has reported record high net inflows for 2017, with $367bn (£269bn) for the full year and more than $103bn in the final quarter alone.
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GKN shares skyrocket after it thwarts £7bn takeover
Shares in FTSE 100 engineering firm GKN hit their highest level in over a decade after it rejected a £7bn takeover from fixer upper specialist Melrose Industries.
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John Lewis buoyed by Black Friday; M&S sees ‘mixed’ quarter
John Lewis offered a glimmer of hope for the UK retail scene following a tough Christmas period, but M&S struggled with a “mixed” third quarter as competitive pressure continued to bite.
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Assets break £50bn at Jupiter as net flows soar
Assets at Jupiter soared past the £50bn mark in 2017 the firm’s latest trading update reveals.
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Rathbones’ funds up 14% as unit trust flows boom
Rathbone Brothers revealed a “robust” set of trading numbers on Thursday with funds under management up 14.3% on the year previously.
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Sainsbury’s upgrades profits; Woodford favourite teases ‘strong growth’
Sainsbury’s has upgraded its profit forecast after a “record” Christmas sales period, while Neil Woodford-owned Burford Capital teased markets with news of “strong growth” from its investments.
