Investec warns of lower profits, despite healthy AM inflows
Investec cautioned profits would be “slightly behind the prior year”, despite positive H1 net inflows in its asset management arm.
Companies
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Inflation ‘fear’ warranted: Ruffer
Rising inflation, in the context of ongoing low interest rates are the greatest risk to capital preservation, argue the managers of the Ruffer Invesment Company.
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Gilbert sells £5.3m stake in Aberdeen AM
Aberdeen Asset Management chief executive Martin Gilbert has sold a £5.3m stake in the business through a deferred share exercise.
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Next profits slump but Morrisons growth shows resilience of retail
Next shares slipped 4.8% to 4960p Thursday morning as the Office for National Statistics unveiled healthy retail sales growth in August and Morrisons shares shot up 8.06% to 209.2p.
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Deutsche Bank rules out sale of asset management arm
Deutsche Bank chief executive John Cryan has “made it unambiguously clear” that Deutsche Asset Management is still a core part of the business and is not being sold.
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Barings merger creates giant global fund
Four MassMutual affiliates have been merged under the Barings brand to create one of the world’s largest asset management organisations with AUM of more than $275bn (£207bn, €245bn).
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Dixons Carphone reports “no detectable” Brexit impact
Dixons Carphone shares climbed by 4.25% to 390.1p on Thursday morning after the company emphasised it continues to see “no detectable impact of the Brexit vote on consumer behaviour in the United Kingdom.”
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Mattioli Woods posts 25% earnings climb as it eyes acquisitions
Mattioli Woods has reported full year adjusted earnings of £9.3m, a 25.7% rise on the level achieved the year before.
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Strong corporate governance leads to outperformance – research
Companies with a sound corporate governance culture have significantly outperformed their poorly governed competitors since the beginning of 2009, according to fresh research by Hermes Investment Management.
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SLI takes stand against Sports Direct board
Standard Life Investments has become the latest asset manager to take a stand against the board of troubled retailer Sports Direct.
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Barratt finishes the year strong despite Brexit
Barratt Developments delivered its highest total of housing completions since the global financial crisis and enjoyed increased demand for homes even after the Brexit vote, the company reported today.
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Rowan Dartington to offer DFM services to int’l advisers
UK-based discretionary fund manager Rowan Dartington, which is part of St James’s Place, has launched a new division to extend the group’s services to English-speaking advisers around the world.
