PA ANALYSIS: US earnings underline ongoing banks conundrum
Bank of America and Wells Fargo followed JP Morgan’s lead on Thursday, reporting a sharp drop in quarterly earnings, largely on the back of bad loan provisions, in the energy space.
Companies
-
-
BlackRock inflows slip during choppy quarter
BlackRock’s inflows in the first quarter of 2016 were close to half the amount in the same period a year prior, the firm reported today.
-
Aberdeen cements digital focus with new hire
Aberdeen Asset Management has created a new digital division to be headed up by Martin Jennings, former UK CEO of platform technology provider FNZ.
-
Polar Capital eyes more manager raids
Polar Capital today said it has a “pipeline of further recruitment activity” in the works following on from the hiring of Miton’s George Godber and Georgina Hamilton.
-
Tesco shares on the slide despite return to profit
Tesco saw its shares slide over 5% despite reporting a return to profitability after a troubled period.
-
Pidcock, Europe help energise Jupiter’s Q1 inflows
Unfavourable market conditions failed to offset flows into Jupiter Funds, the firm said on Wednesday.
-
Prydis continues expansion with Manchester office
Wealth and financial services firm Prydis is continuing its recent expansion by opening a Manchester office.
-
Brown Shipley owner buys Anglo-Dutch private bank from BNP Paribas WM
Brown Shipley owner, KBL European Private Bankers (KBL epb) has entered into a preliminary agreement with BNP Paribas Wealth Management to acquire Anglo-Dutch private bank Insinger de Beaufort.
-
Courtiers lines up hat-trick of takeovers
Henley-based wealth management firm Courtiers has three acquisitions in the pipeline at differing stages of completion as it seeks brisk growth.
-
Russ move seen as ‘win-win’ by fund selectors
Thursday’s news that Oliver Russ is taking his European income franchise to Liontrust has been applauded by fund selectors.
-
Russ joins Liontrust as Argonaut sells income franchise
Argonaut Capital Partners partner Oliver Russ is to leave the boutique asset management firm for Liontrust as Barry Norris takes full ownership of the firm.
-
Innovation key in Russia’s new economy – Baring AM
The importance of structural growth stories in “new Russia”, cannot be underestimated, said Michael Levy, lead manager for the Baring Russia Fund.
