Tracker inflows lead to record LGIM net sales
Strong sales of index tracker funds propelled Legal & General Investment Management (LGIM) to the top of the net retail sales charts in the second quarter, according to the latest Pridham Report.
Companies
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Tilney acquires £162m book from Manchester DFM
Tilney Group has finalised the deal to buy Midas Investment Management’s entire book of assets.
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Next biggest FTSE 100 riser after ‘disappointing’ update
Shares in the British high street retailer surprised on the upside, despite producing what analysts called a “very disappointing trading update”.
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FTSE CEOs bow to pay cut pressures, but huge gap remains
A fall in chief executive pay means FTSE 100 companies are starting to listen to the demands of their shareholders, but more work is needed to close the gap with the rest of the workforce, a report has found.
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IBOSS Oeics surpass £100m in AUM
IBOSS Asset Management’s range of risk-rated multi-asset Oeic funds, launched in February last year, have passed through £100m in assets under management (AUM).
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FTSE companies blighted by pension scheme shortfalls
The financial health of FTSE 100 companies is at “significant risk” from the escalating liabilities of their pension schemes, a report has found.
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TMI forges tech partnership for ‘ambitious’ growth plans
Thomas Miller Investments’ client relationship management has gone digital as it prepares for the further growth of its wealth management arm.
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Shares in Rio Tinto down despite record dividend offering
Rio Tinto has today posted a ‘strong’ set of interim results, boosted by the firm declaring its highest interim dividend of 110 US cents per share.
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Will BAT go up in smoke after SFO probe?
Investors say the Serious Fraud Office’s (SFO) formal investigation into suspected corruption at British American Tobacco (BAT) is a grim reminder of the “lengths dying industries are willing to go” to stay profitable.
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Concerns abound as Taylor Wimpey and BP smash H1 results
Taylor Wimpey and BP impressed markets today with their interim results, but sector headwinds and cashflow concerns still remain.
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Former Towry team launches wealth boutique
A team of five former-Towry managers have announced the launch of an independent wealth management and financial planning firm, Lockhart Capital Management.
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HSBC sweetens H1 results with $2bn share buyback
HSBC has reported higher profits over the first half of the year and announced a $2bn share buyback scheme, but investors remain cautious about the bank’s prospects.
