Hargreaves Lansdown said its chief executive Ian Gorham is to step down by the end of September 2017, as the FTSE 100 quoted UK platform announced its assets under administration had grown 12% to £61.7bn over the year to 30 June.
The publication of a report into working practices at retailer Sports Direct has not been enough to fully appease shareholders, with Royal London Asset Management urging further steps.
The Berkeley Group Holdings stock was the biggest riser in the FTSE 100 on Tuesday, climbing 2.9% to 2768p in light of the three-year profit projections set out by the company.
Emerging markets specialist Ashmore has reported a $6.3bn fall in assets under management and 18% decline in net revenues.
Neil Woodford and other potential investors are reportedly in discussions with the United Kingdom government on raising £250m for a tech-centric venture capital fund.
European Wealth has announced it will alter its fee structure after its financial planning arm saw disappointing turnover and the overall group reported losses in the first half of the year.
Having Old Mutual as its parent provides Quilter Cheviot with a great deal of opportunity, said CEO David Loudon, particularly when it comes to acquisitions.
Paddy Power Betfair posted losses in its first set of interim results following its merger, which nudged its shares down by 1.7% to 9780.
Shares in mining company Glencore slid by 5.5% to 179.4p on Wednesday morning despite the company’s attempts to reassure investors it has a plan to tackle its large debt pile.
There are still opportunities to be found in United Kingdom financials according to Jupiter’s Guy de Blonay, and he favours insurance companies over the big UK banks in the current ‘lower for longer’ scenario.
Persimmon shares climbed by 4.4% to 1872p following the release of its first half numbers, making it the top performer in the FTSE 100 index on Tuesday morning.
Neil Woodford has thrown down the gauntlet to the fund management industry by scrapping bonuses at his self-titled firm.
