Coronavirus weekly round-up: CMA exploring ‘immediate’ government action for costly Covid travel tests; Joe Biden’s $1trn infrastructure bill passes
Four investors mull the events shaping portfolios over the past week
Companies
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Platform industry enjoys ‘Olympic’ second quarter as net sales hit £17bn
Platforms with strong D2C offerings like Hargreaves Lansdown dominate, according to Fundscape data
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Aviva Investors operating profit doubles to £19m
7% revenue growth result of ‘high origination fees on real assets’ and positive market movements
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Quilter sees inflows spike 127% as group homes in on ‘UK-based strategic path’
H1 results follow the sale of Quilter International to Utmost for £483m earlier this year
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Abrdn looks to play catch-up with 24/7 digital wealth management app
‘This is commonly available, why should anyone settle for less?’
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Retail investors pull £3.4bn from M&G funds in H1
Slight AUM increase was driven by European institutional clients
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River and Mercantile to sell fiduciary arm
Sale would mark first significant development since Martin Gilbert-backed Assetco snapped up stake in fund group
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Pandemic investment boom drives Hargreaves Lansdown inflows
£135.5bn platform expects stronger client engagement in 2022
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Weekly outlook: Hargreaves Lansdown, Abrdn and M&G reveal half-year progress; Chinese and US inflation
The key events for UK wealth manager for the week starting 9 August
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Coronavirus weekly round-up: BoE leaves rates untouched while Johnson and Sunak request investment ‘big bang’
Four investors mull the events shaping portfolios over the past week
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Canaccord Genuity Wealth Management assets hit £32.4bn
CEO David Esfandi says having backing of private equity house HPS Investment Partners allows firm to build on growth
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FCA Spac changes to have ‘significant impact’ on UK advice M&A
Lowering threshold for initial listing to £100m ‘makes it a perfect size for an acquisition vehicle’
