UK drive sees Architas assets rise 50%
Architas grew its assets under management by nearly 50% in the six months to 30 June thanks to strong flows into its UK funds.
Companies
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7IM reveals ‘highest ever’ gold exposure
Seven Investment Management has upped gold exposure across its funds to the highest ever level in anticipation of a potential market correction.
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HL posts higher AUA but sees margin squeeze
Hargreaves Lansdown grew assets under administration at a swifter pace for the year ended 30 June, but it felt further pressure on margins.
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Standard Life Aberdeen confirms creation of £11bn investment giant
The formation of investment giant Standard Life Aberdeen has been finalised, the company confirmed early Monday morning.
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Old Mutual plans wealth arm float
Old Mutual announced in its interim results that it has concrete plans to float two more parts of its business, including its UK wealth management arm.
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Prudential combines UK operations sparking sell-off speculation
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
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LGIM’s higher inflows fail to sway markets
Despite a strong showing from its investment management business and higher profits for the group as a whole, Legal & General’s shares tumbled 2% on Wednesday.
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Standard Life suffers more outflows ahead of Aberdeen merger
Standard Life announced £3.7bn in net outflows in its half-year results, less than a week before it solidifies its partnership with Aberdeen Asset Management.
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Janus Henderson outflows slow to $1bn in Q2
Janus Henderson today reported a slowdown in asset outflows in the second quarter of this year in its first set of results as a combined entity.
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Vanguard to absorb research costs; but so what?
Vanguard Investment Management is the latest manager to announce it will absorb external research costs under the new Mifid II research “unbundling” rules. But will this have an impact on undecided industry players?
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RBS reveals Brexit plan as Pearson sheds Penguin Books
RBS and Pearson ended a busy week of reporting with big announcements, confirming an Amsterdam hard Brexit contingency plan and divestment of a 22% stake in a key business, respectively.
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Hargreaves Lansdown shares sink after special dividend scrapped
Hargreaves Lansdown has been forced to scrap its special dividend payout for 2017 in order to save £50m, sending its stock price plummeting on Friday morning.
