Although Sainsbury’s acquisition of Argos parent company, Home Retail Group, helped curb the negative effects of weaker sterling and inflation, the group is bracing itself for a slowdown and a hit to retail sales.
Aberdeen Asset Management has said its outflows slowed in the second quarter to £2.5bn, but analysts said they doubt this reflects a true change in client sentiment.
Barclays’ shares were down substantially this morning despite the fact its profits doubled in the first quarter, but the market was more receptive of RBS’s return to profits.
Wealth management at UBS helped push a bounce-back in fortunes for the Swiss bank with profits up 42% in the first three months of 2017.
Investment manager Invesco has confirmed it will take over Source, the London-based ETF provider.
Corporate governance advisers have urged shareholders to vote against Schroders’ top-level executive pay, ahead of today’s AGM.
Jupiter Fund Management posted growth in assets under management and healthier inflows over the first quarter just days after it halted plans to award its chief executive with a £125k salary bump.
Brooks Macdonald’s funds under management grew closer to £10bn in the first three months of 2017 signalling a strong start for its new chief executive, Caroline Connellan.
St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter, bringing assets under management (AUM) to £79.84bn.
Jupiter Asset Management has backed down on plans to grant boss Maarten Slendebroek a 50% pay rise after a revolt from shareholders.
A serious push into the US market is a key strategic target for the merged Standard Life and Aberdeen Asset Management group, according to Aberdeen’s global head of distribution.
Bernstein has rated Hargreaves Lansdown (HL) shares ‘underperform’ with its current valuation of 31x forward-looking price/earnings failing to reflect a slowdown in asset flows.
