Quilter sees 164% increase in core net inflows in H1 2024
Company also achieved a 28% increase in adjusted profit
Company also achieved a 28% increase in adjusted profit
The business was impacted by outflows and lower margins in its Investments arm
As part of wider deal with Societe Generale
Plans for cost base reduction aim to reach full run-rate savings of £100m by 2027
Underlying net outflows were just £0.2m, excluding the impact of the departures, with positive flows in retail and wholesale
The 45% profit fall led to a 7.8% share price drop during after-hours trading
It attracted 25,000 new customers over the past three months, bringing its client base to 528,000
The fund research agency will become part of Defaqto
Cash also fell 82% as the company’s debts rose to £0.6m
Liontrust’s suite of funds saw net outflows of £6.1bn during the year
Amid the tough operating environment for smaller investment companies, a new generation of launches are coming to market
HL board would be willing to recommend the offer to shareholders should interest be firmed up