Liontrust’s raised dividend sends its shares upward
Liontrust’s share price spiked by 4% to 284p in morning trading Thursday following news of its 50% total dividend hike, before slipping back to 275p.
Companies
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Charles Stanley cuts losses by £5.8m
Charles Stanley reported today it had reduced its total losses to around £300,000 for the year ended 31 March, a significant improvement on the £6.1m loss the previous year.
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Old Mutual Wealth buys DQS Financial Management
Old Mutual Wealth Private Client Advisers has struck a deal to acquire financial planning firm DQS Financial Management.
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Microsoft’s $26bn LinkedIn deal prompts mixed views
News of Microsoft’s LinkedIn acquisition has generated mixed views over its merit.
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Ashtead’s turnaround performance signals stability for construction
Equipment rental company Ashtead Group announced Tuesday it will increase its full year dividend by 48% to 22.5p and plans to implement a share buy-back program of up to £200m.
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Manulife to expand Europe presence
Manulife Asset Management, the investment management arm of Manulife Financial Corporation, has launched operations in the UK and plans to expand in other parts of Europe.
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Wealth management needs ‘uber’ moment to attract millennials
Millennials, the generation aged 18-34, need a “one-stop shop” where they can go to find information on how to invest, the UK’s Wealth Management Association (WMA) has urged.
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Consolidation set to move up asset management agenda
Further asset management consolidation is on the horizon but the line between predator and prey is increasingly blurred Numis said in a note on Friday.
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Three areas wealth managers should take action in- BCG
Wealth managers profits have come under attack from rising costs, increasingly demanding clients and ever more regulation. But, argues the Boston Consulting Group, there are a few key ways in which to weatherproof one’s business.
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Three reasons why investors should be cheering – Train
Investors have more reasons to be optimistic than the “preponderance of pessimism” permeating markets would seem to allow for argues Nick Train, manager of the Lindsell Train Investment Trust.
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Woodford planning higher income fund launch
Neil Woodford is considering launching a ‘higher income’ fund to be run alongside the £9bn Woodford Equity Income Fund he launched in 2014.
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Sainsbury’s shares climb despite sales dip
Sainsbury’s share price rose by 2% to 251p during morning trading on Wednesday following its better than anticipated first quarter update.
