M&G reports 5% profits rise for 2024
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
Annual Results
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Schroders announces £150m annual cost savings target in strategic shift
New three year targets announced in Richard Oldfield’s first results since taking over as CEO last November
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Abrdn renames amid business simplification, slows outflows to £1.1bn
interactive investor growth helps to buoy results
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Jupiter outflows accelerate to £10.3bn following Whitmore’s exit
Outflows would have been over three times lower at £3.3bn were it not for Whitmore and Chrysalis’ departure
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St James’s Place sees £4.3bn of net inflows amid ‘successful year’
Gross inflows stood at £18.4bn, compared with £15.4bn in 2023
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AJ Bell posts 22% AUA increase despite ‘unhelpful’ Budget uncertainty
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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VSA Capital Group posts ‘extremely disappointing’ losses of £2.7m
Cash also fell 82% as the company’s debts rose to £0.6m
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M&G mulls future expansion with boutique acquisitions
Portfolio Adviser speaks with CEO Joseph Pinto following the publication of the firm’s results last week
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Majedie returns 26.2% following manager appointment
Trust appointed Marylebone Partners as investment manager in January
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Brooks Macdonald profits dip 12.2% despite £1.3bn MPS inflow
Underlying profits dropped to £30.3m from £34.5m for the year to 30 June
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M&G launches redundancy scheme to cut staff costs by 10%
Group AUM jumps to £352bn despite ‘challenging’ environment for retail business