Tilney Bestinvest reveals first full year results
Tilney Bestinvest has reported profit of £17.6m for the 12 months to 31 December 2015, its first full year since the merger in August 2014.
Companies
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Axa sells off UK pensions and protection businesses
Axa has announced the sale of its UK pensions and protection businesses to the Phoenix Group.
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Electra shaken up by new exec team
Electra Partners has been removed as the manager of the Electra Private Equity Trust by the newly appointed executive team headed up by activist investor Edward Bramson.
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M&S shares slump as profits sink further
Marks and Spencer’s share price slumped 7.23% to £4.13 in morning trade after announcing a sharp fall in pre-tax profit.
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Don’t be afraid to let go of ‘cherished holdings’
The heart wants what it wants, but investors shouldn’t let sentimentality get in the way of the health of their portfolios, cautions Canaccord Genuity Wealth Management.
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Old Mutual break-up gathers pace
The break-up of Old Mutual is picking up pace with the company close to a deal to sell the United States part, Old Mutual Asset Management, according to reports.
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PA ANALYSIS: A hint of circularity in M&G’s new online service
The internet has long promised disintermediation and with it the belief that consumers will be better off for cutting out the middle man.
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Axa goes cold turkey, divesting €1.8bn of tobacco assets
While the insurer takes a bold stance against big tobacco, its investment management arm will have a tougher time kicking the habit.
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Amundi buys 87.5% stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
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Fintech challenge good for banks, says Moodys
The rise of fintech firms has highlighted a digital shift in financial services, but banks will retain a place at the centre of the industry and continue to work, both alongside and in competition, with their new challengers, according to Moody’s Investors Service.
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Hargreaves inflows slow but steady despite volatility
Hargreaves Lansdown sustained a drop in net inflows in the four months leading up to April 2016, despite seeing a 3% increase in the value of assets held by its Vantage service and an expanding client base.
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Lloyds needs to embrace its dividend yield potential – AJ Bell
Lloyds Banking Group could unlock potential by rebranding itself as an income stock, if only it cleans up its act, according to Russ Mould, investment director at AJ Bell.
