Although Thursday’s influx of trading updates highlighted positive growth for retailers like Marks & Spencer and Tesco, problems in the sector persist, according to Brewin Dolphin equity analyst Nicla di Palma.
Neil Woodford has said the performance of his funds in 2016 has ‘tested his resolve.’
Shares in Jupiter Fund Management slid over 6% after it reported net outflows of £373m in the fourth quarter.
Liontrust saw £190m in net flows between October and December the firm reported today.
The outlook for bank shares is “far better” now than at the start of 2016 analysts have said, shortly after the UK government announced it had reduced its stake in Lloyds Bank to below 6%.
Edmond de Rothschild Asset Management is scaling back its United Kingdom presence and has made a number of redundancies in London, according to reports confirmed by Portfolio Adviser.
Within ten minutes of trading on Wednesday morning, Next’s shares had plummeted close to 14% after warning of “tougher times” ahead.
New data from Financial Express Analytics reveals a stunning year for miners and oil companies and persistent trouble for telecoms and retailers.
Crux Asset Management has acquired Oriel Asset Management from City Financial Investment Company.
The US Department of Justice is suing the British bank and two of its executives for deliberately selling “defective and misrepresented” mortgage loans during the peak of the housing bubble.
Shares in Lloyds Banking Group climbed 3% on Tuesday to 64.5p as markets received news it has struck a deal to acquire credit card business MBNA.
Brewin Dolphin has bought the private client arm of Duncan Lawrie in a deal that will take the company’s total assets to £36.1bn.
