Rathbones’ unit trusts see record inflows
Rathbones Brothers’ unit trust business doubled its net inflows during the third quarter, as the firm stressed it is still on the lookout for businesses to acquire.
Companies
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Rio Tinto hit with record FCA fine and US fraud charges
Rio Tinto has been hit with a record FCA fine and fraud charges in the US after allegedly inflating the price of coal it acquired in Mozambique in 2011.
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State Street slashes ETF fees as competition heats up
State Street has ramped up the competition among the biggest US ETF providers by slashing prices across 15 ultra-low cost trackers.
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Pearson upgrades profit forecast; validates Train
Pearson’s third quarter update painted an improving picture for the publisher and more good news for long-time backers like Nick Train.
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Kames heads west to America
Kames Capital is heading out west to the US, offering American investors access to two global equity strategies.
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Provident Financial shares rally as it posts loss and axes dividend
Provident Financial’s shares rebounded sharply as it updated the market on its recovery plan, offsetting a £120m loss and news it will not be paying a full-year dividend.
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Ashmore sees strongest net inflows in four years
The emerging market specialist Ashmore Group has reported a $6.3bn (£4.7bn) surge in assets under management during the quarter ended 30 September 2017.
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Polar Capital posts £820m inflows in six months
Additional flows over the second half of the year have helped hoist Polar Capital’s assets under management (AUM) above the £10bn mark.
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European Wealth snaps up $1.7bn broker
Guernsey-based European Wealth, an integrated wealth management group, is to acquire a US broker network with $1.7bn (£1.29bn) assets under management and re-brand itself.
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Liontrust assets boosted 50% by ATI acquisition
Liontrust’s assets under management jumped almost 50% during the six months to 30 September, boosted by its acquisition of Alliance Trust Investments (ATI) in April.
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Jupiter’s assets inch closer to £50bn in Q3
Jupiter Fund Management’s assets under management closed the three months to 30 September 2017 at £48.4bn, growing 19% year-to-date.
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Easyjet suffers in turbulent week for airlines
Amid a turbulent week for the UK airline sector, Easyjet’s update failed to encourage investors.
