Rathbones refuses to let volatility dampen long-term growth plans
Rathbones has reiterated its commitment to long-term growth, despite ongoing volatility within the markets it serves.
Companies
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Standard Life shareholders reject CEO Skeoch’s pay packet
Nearly a quarter of shareholders voted against Standard Life’s remuneration package, despite the company’s chief executive Ketih Skeoch agreeing to a last-minute pay cut.
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Burberry shares on the slide as profit falls
Burberry Group shares slid over 5% this morning after the clothing and handbag maker reported a big drop in profits.
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Derailed O2 merger will stymie UK telecoms M&A – Moody’s
The blocked merger between Telefonica’s O2 and CK Hutchison Holdings’ 3 UK “has consequences for the rest of players in the UK market, as well as for the broader European telecoms market,” said Moody’s Investors Service.
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Vodafone’s ‘Project Spring’ sends its shares upward
Vodafone’s shares were up this morning following the publication of its year end results, trading 2.35% higher at £2.28.
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Axa Wealth posts strong Q1 growth
Axa Wealth, the UK life insurance and wealth management arm of France’s Axa Group, boosted funds under management by 9% in the first quarter this year, helped by a 30% rise in pension product sales following the government’s reforms to the sector.
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2015 sees UK plc’s worst profit performance since 2007
UK plc’s profits plunged to their lowest level since before the financial crisis last year, The Share Centre said.
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Mercer Jelf launches new strategy in the war for talent
Mercer has launched a financial planning brand in collaboration with sister company Jelf Group.
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ITV delivers healthy revenue growth as rebalancing continues
Although, ITV’s Q1 report shows a growth in revenue and audience share, it is still struggling to recover from its 20% fall in share price since February.
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RLAM flows up significantly
Royal London Asset Management has reported net inflows of £357m, up significantly from the £111m recorded in the first quarter of 2015.
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Adjusted earnings measures becoming “increasingly misleading”
Companies are employing a growing number of ‘innovative’ accounting measures and, as a result accounts are becoming increasingly misleading, the chairman of the International Accounting Standards Board has said.
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Easyjet shares up despite loss as it raises dividend
Easyjet has announced its intention to raise its dividend pay-out ratio from 40% for the year ended 30 September 2015 to 50% in H2 2016, subject to approval at its AGM.
