Barclays behind the curve despite 25% profit surge
Barclays is making progress, as demonstrated by its 25% H1 2015 profit surge, says JPMAM’s James Davidson, but is still two years away from warranting income investor interest.
Companies
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SJP jumps into DFM space with Rowan Dartington acquisition
St James’s Place have bought Rowan Dartington for a cash consideration of as much as £34m, the firm announced on Tuesday.
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PA ANALYSIS: BP profits battered, should oil investors expect more pain?
The sharp fall in BP’s profit was expected, but should investors be expecting more of the same going forward?
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BP announces further cost-cutting following Q2 profit slide
BP is readying itself for further declines in the oil price following a halving in quarterly profits, the firm has announced in its Q2 2015 results.
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UK elections, poor sentiment see Rathbone inflows slump
Concerns around the outcome of the UK election weighed on investor sentiment and net inflows in the first half of 2015, Rathbones said on Tuesday.
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Brooks Macdonald FUM climbs 13.1%
Brooks Macdonald’s discretionary funds under management edged closer towards the £7.5bn mark with a 13.1% increase in the year ending 30 June.
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Lloyds shareholders launch court battle over HBOS takeover
Thousands of Lloyds Bank shareholders, including various large investment funds domiciled in the UK, Europe, the US, Canada and Asia, have kick-started a legal battle after it was alleged the bank’s takeover of HBOS was a bad deal for investors.
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Aberdeen shares slump on outflows
Shares in Aberdeen Asset Management fell 6.6% in early trade after reporting a 7% drop in assets under management and £9.9bn in net outflows in the quarter to end June 2015.
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Liontrust AUM knocked by shaky markets in Q2
Investor redemptions coupled with “great uncertainty” in the markets led to Liontrust Asset Management’s AUM dropping £36m in Q2 2015.
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ASEAN markets opening for foreign distribution
As China and Hong Kong unlatch the gate for cross-border fund distribution, regulatory changes in markets such as the Philippines and Malaysia are also opening for retail mutual funds, according to Cerulli Associates.
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Arbuthnot to expand into commercial banking
Arbuthnot Banking Group announced a 65% jump in pre-tax profit for the first half of 2015 to £15.7m and plans to expand into commercial banking.
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Laser-focused on wealth management – Abberley
Charles Stanley’s recently approved strategy to focus with laser-like precision on wealth management is based on three things, says CEO Paul Abberley.
