Woodford IM reports ‘satisfactory’ profits
Woodford Investment Management reported a “satisfactory” profit of £18.2m in its latest half-year results.
Companies
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Buxton’s OMGI sold in £600m private equity deal
A private equity firm is set to take over Old Mutual Global Investors (OMGI) in a £600m deal next year, ending months of speculation on the future of the asset manager.
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Smith and Williamson plans IPO in late 2019
Smith and Williamson’s expected IPO will not get off the ground until 2019 the firm has predicted in its half-year financial report.
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Standard Life fails to stem £23bn outflows
Standard Life has failed to shake off the plague of severe outflows even after its merger with Aberdeen Asset Management earlier this year its latest results have revealed.
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Unexpected Mifid costs hit profits at WH Ireland
Unexpected costs in implementing Mifid II changes have hit profits at WH Ireland over the past year despite revenue improving, the firm said on Friday.
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AJ Bell AUA up 25%
AJ Bell has reported its assets under administration (AUA) have increased 25% to £39.8bn, up from £31.8bn in 2016.
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Advising British Steel pension transfers too risky, says SJP
Continuing to provide defined benefit pension transfer advice to members of the British Steel Pension Scheme (BSPS) could put St James’s Place “outside its risk appetite”, the firm said.
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Sports Direct posts 67% lower profits; mixed bag for Woodford picks
Thursday was a day of dramatic share price swings as Sports Direct’s profits more than halved and markets digested big announcements from two Neil Woodford-backed firms.
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Aberdeen Standard falls short of European trust IPO target
Aberdeen Standard Investments raised £187.5m for its European logistics company, falling short of its initial £250m target.
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Woodford-backed Purplebricks sees shares slide on £8.2m loss
Neil Woodford favourite online estate agent Purplebricks failed to woo markets with its half year figures after posting an £8.2m loss.
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Polar Capital covers research costs as restructuring ramps up
Polar Capital has announced it will cover the cost of research for some of its core funds amid changes to its “strategic focus”.
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In-video advertiser confirms £62m flotation on Aim
Mirriad, a portfolio company of Neil Woodford favourite IP group, has confirmed its £62m flotation on the Alternative Investment Market (Aim).
