Liontrust suffers £1.7bn of net outflows in Q4 due to ‘negative investor sentiment’
The firm’s UK retail funds and model portfolio service was hardest hit, having suffered a net outflow of £1.4bn
Companies
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Nick Train lists Diageo and Burberry as biggest disappointments in 2023
Finsbury Growth and Income underperformed for the third year running
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PwC: Half of CEOs think their businesses will not survive the next decade
AI could make half of all business models redundant within 10 years
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Terry Smith questions AI boom in annual shareholder letter
Smith ‘suspending judgement’ on who eventual winners of the trend might be
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Mattioli Woods eyes ‘robust acquisition pipeline’ as assets inch down to £15.2bn
Group revenue up 8% to £59.1m in the second half
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Tavistock Investments profits climb as number of advisers reaches 400
Revenue rose 19% to £20.6m
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Somerset Capital to wind down after losing St James’s Place funds
Emerging specialist was dropped by SJP last week and has seen its AUM fall two-thirds since October
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AJ Bell profits surge as it adds 50,000 new customers
Assets under administration (AUA) climbed 11% to £70.9bn
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Marlborough rebrands to bring all units under one banner
Three businesses folded into one brand
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Rathbones renames Rathbone Unit Trust Management following company rebrand
Rathbone became Rathbones earlier this year
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Revealed: All the winners of the 2023 PA Wealth Partnership Awards
Rewarding excellence where wealth and asset managers work together for the benefit of end-investors
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One in four UK small and mid-cap PLCs see ‘no benefit’ in own listing
QCA calls for reforms ahead of Autumn Statement, with 100 companies scrapping their UK listings in the last year alone