Baillie Gifford launches Positive Change fund
Baillie Gifford has launched a new ESG fund which will invest in companies setting out to make a “positive change” in the world.
Companies
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Former rugby pro leads Brooks Macdonald’s Wales venture
Brooks Macdonald has expanded its footprint in Wales with the opening of a new office in Cardiff, headed by former Brewin Dolphin man and professional rugby player, Andrew Lewis.
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Barclays’ loss sparks fears ‘good bank is getting worse’
Barclays seems to have got a handle on its “bad bank”, but it nevertheless swung to a loss over the first half of the year, leaving analysts feeling “the good bank is getting worse”.
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Lloyds’ past scandals spook share price
Shareholders in the FTSE 100 bank were hit with a double whammy on Thursday, as it agreed to set aside £300m to redress mortgage arrears and posted lower profits due to an additional £1bn of conduct charges.
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Schroders’ AUM hits fresh highs
Schroders continued to grow AUM in the first half of 2017, with net inflows of £800m according to its half year results.
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SJP posts record FUM; launches global growth fund
St James’s Place’s funds under management have smashed £83bn and it is to launch a growth fund, another sign that it will take more than negative headlines to dent its market share.
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SEI: ‘UK wealth management at a crossroads’
If traditional UK wealth managers want to stay alive, they must find their unique selling points, invest in technology and pursue inorganic growth strategies, according to a report from SEI Wealth Platform.
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Rathbones bears research costs at expense of unit trust margins
To comply with new Mifid II regulations, Rathbones Unit Trust Management has decided to bear the costs of its fund research but admitted unit trust margins “will not be unaffected.”
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Smith & Williamson sees FUM swell to £19bn
Rising equity markets helped sustain Smith & Williamson’s “positive momentum” for the year to 30 April 2017, culminating in £18.8bn of funds under management and advice (FUMA).
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Investors lap up RPC’s £100m share buyback
Plastics packager RPC has delighted markets and shareholders by announcing it will be offering a share buyback programme of up to £100m.
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Walker Crips to raise dividend after strong annual results
Walker Crips has reported a 12% jump in group revenues for the year ended 31 March 2017, while its profits before tax almost doubled compared with the previous year.
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Brewin Dolphin launches financial adviser apprenticeship scheme
Wealth manager Brewin Dolphin has launched a financial planning apprenticeship scheme aimed at attracting new recruits into the profession.
