HSBC forecast misses leave analysts split on its prospects
HSBC kicked off a week in which all the major British banks are due to report with several missteps in its final results, leaving analysts split on the stock’s prospects moving forward.
Companies
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Brooks Macdonald signs up to Panacea DFM service
Brooks Macdonald has become the first discretionary fund manager to sign up to Panacea Adviser, an online resource for financial advisers and paraplanners.
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Unilever’s shares spike 14% after rejecting Kraft Heinz approach
Shares in Unilever reached an all-time high Friday afternoon of 3,838.5p after it declined a $143bn (£112bn) takeover bid from the Kraft Heinz Company.
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Rolls-Royce shares slump on record loss
Markets gave Rolls-Royce the cold shoulder following a mixed set of results, which included both a record loss for the group and higher than anticipated revenue growth.
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Heartwood reports 16% rise in assets
Heartwood Investment Management has reported a rise in asset of 19% in 2016.
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Henderson’s retail arm suffers £4.6bn outflow
Henderson Group has posted negative retail flows for 2016 as Brexit-related volatility continued to impact performance.
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Rio Tinto rides commodities recovery to deliver 12% earnings climb
Rio Tinto delivered a strong set of final results, bolstered by the recovery in the sector and changes to its dividend and business strategy.
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Hargreaves Lansdown new business slips but profits remain robust
Hargreaves Lansdown has reported it increased profits by 21% and added 40,000 clients to its’ books in the second half of last year, but also saw a 16% drop in flows of new money.
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BP swings to profit but pricing environment remains a threat
Though BP rebounded from its substantial loss last year and was bullish on the future, analysts question the group’s preparedness to face pricing volatility.
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Wealth firms band together to educate IFAs
Five of the top UK wealth management groups have joined forces to create DFM Alliance, a consortium designed to offer financial advisers more clarity, education and best practice guidelines around outsourcing.
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Hargreaves’ Khalaf still positive on Shell as investors wait for BG impact
Royal Dutch Shell will remain an attractive income generator for investors even after Thursday’s lower than anticipated annual figures release, according to Hargreaves Lansdown senior analyst Laith Khalaf.
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AstraZeneca continues to flounder – Edentree IM
AstraZeneca’s shareholders will have seen little in this morning’s Q4 results statement to cheer them, according to EdenTree Investment Management fund manager Ketan Patel.
