Harwood Wealth Management reported a 36% gain in assets under influence (AUI) to £1.655bn and growth in assets under management (AUM) to £580m from £276m in the six month period to 30 April 2016.
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
Trading in domestically-focused banks, RBS and Barclays, was temporarily suspended on Monday after their share prices dropped 9% and 10%, respectively.
While some commentators remain firm in their conviction that Brexit has created the perfect storm for potential buyers of asset managers, others are unconvinced weak sterling is incentive enough.
As banking stocks plummeted on Friday morning, Bank of England governor, Mark Carney sought to remind the market that they are in good health and reassure investors the BoE stands ready to do whatever is needed.
Evidence of its sustained sales momentum, propelled Tesco’s share price upward by nearly 2.2% to 170p during Thursday morning trading.
Hermes EOS pushed clients and shareholders to back a vote of no confidence in Volkswagen’s (VW) supervisory board ahead of its first annual meeting since the emissions scandal.
European Wealth Group slid to a £1m loss for the 2015 calendar year having recorded a £0.3m loss in 2014.
KMH Gestion Privée and UK-headquartered international financial services company Alexander Beard Group have set up a joint venture to assist companies looking to set up shop in France and provide French and UK nationals with wealth management and pension transfers services.
Whitbread’s share price climbed by 2.7% during Tuesday morning trading, making it the top performing FTSE 100 stock.
MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.
Tcam’s Haig Bathgate talks about taking the baton from parent company Turcan Connell, outsourcing services and automating the investment process
