Premier AUM up 23% after 19th quarter of inflows
Premier Asset Management has reported its 19th consecutive quarter of inflows, which boosted assets under management (AUM) to £6.4bn.
Companies
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Wealth Club reveals ambitious growth plans with broker takeover
Wealth Club, a dedicated service for high-net worth investors, has acquired broker firm Clubfinance in an expansion of its VCT and tax-efficient investment offering.
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Liontrust boosts fixed income team as AUM smashes £10bn
Liontrust Asset Management has hired Baillie Gifford’s Donald Phillips to join its newly-created global fixed income team ahead of its upcoming triple fund launch.
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Merry Christmas for Morrisons as high street suffers
Markets enjoyed some belated Christmas cheer from Morrisons’ strong sales update, but wider trading statistics from the British Retail Consortium painted a much bleaker picture for the sector at large.
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Wealth giant unveils rebrand following £6bn merger
A recently-merged £6bn wealth management giant has revealed a new brand for its combined financial advice business.
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Boutique managers announce £1.7bn merger
Two boutique asset managers are joining forces to create a $2.3bn (£1.7bn) active investment house with a focus on Asia and high-conviction strategies.
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Mattioli Woods’ revenue boosted 16% by cost cutting
Mattioli Woods posted another consecutive period of revenue growth, as its cost cutting initiatives helped attract more clients.
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Dark cloud over retail as Debenhams doles out profit warning
Debenhams saw 22% wiped off its share price value in early trading as it slashed its profit guidance for 2018 by 27%.
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Next upgrades full-year profits; Carillion confirms FCA probe
Next has upgraded its full year profit guidance after smashing its Christmas sales period, while Carillion confirmed it is in hot water with the FCA over the timing of company announcements made last year.
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Standard Life adds £400m to books in firm takeover
Standard Life’s financial planning arm, 1825, has struck a deal to acquire a financial management firm, adding £400m to its assets under advice.
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Train stands by DMGT and Burberry after FGT hit
Daily Mail & General Trust (DMGT) and Burberry weighed heavy on Nick Train’s Finsbury Growth and Income Trust last November, lowering its net asset value (NAV) by 1%.
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Compass names new CEO after death of Richard Cousins
FTSE 100 firm Compass Group has confirmed Dominic Blakemore will become chief executive effective immediately following the sudden death of chief executive Richard Cousins.
