AJ Bell profits rise 30% as IPO nears
Andy Bell says public listing will deliver reputational and commercial benefits
Annual Results
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AJ Bell sees 20% customer boost ahead of IPO
Assets hit £46.1bn after strong momentum from advised and D2C markets
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Mattioli Woods and Openwork see profits jump
Mattioli Woods plans further acquisitions while Openwork passed the 3,500 adviser mark
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Tilney profits double over 2017
Tilney Group’s profits doubled from £43m in 2016 to £86.6m for the year to December 2017, boosted by rising assets and fees from financial planning and investment management.
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Liontrust boosts AUM 61%
Sustainable investment and global fixed income products boosted Liontrust’s assets under management by 61%, according to its latest full-year results.
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Schroders net inflows increase nine-fold
Schroders revealed a strong full-year report this morning with net inflows at almost £10bn, compared to £1.1bn in 2016.
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Standard Life Aberdeen reports £31bn outflows
Standard Life Aberdeen (SLA) has reported outflows of £31bn in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
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Pearson returns to the black
Academic publisher Pearson returned to profit in 2017 after posting a loss of nearly £2.5bn in 2016, its annual results showed today.
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HSBC’s shares slide as profits miss expectations
HSBC has reported its 2017 full year profits were 11% higher than the previous year but this still fell short of analyst expectations.
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Smith scoops £8m bonus as Fundsmith flourishes
Terry Smith’s eponymous firm increased profits six-fold last year with the veteran fund manager set to scoop a bonus of more than £8m as a result.
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Stonehage Fleming reports return to profit
Stonehage Fleming made a return to profit in the last financial year, with revenues and funds under management on the rise.
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Hargreaves Lansdown shares sink after special dividend scrapped
Hargreaves Lansdown has been forced to scrap its special dividend payout for 2017 in order to save £50m, sending its stock price plummeting on Friday morning.