Walker Crips to raise dividend after strong annual results
Walker Crips has reported a 12% jump in group revenues for the year ended 31 March 2017, while its profits before tax almost doubled compared with the previous year.
Annual Results
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RLAM hits record FUM in 2016
Royal London Asset Management (RLAM) increased its funds under management to £100bn by the end of 2016, a new record for the firm.
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Alliance Trust shakes off troubles with new investment strategy
Alliance Trust is looking to the future with a fresh investment strategy, following a turbulent few years.
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Schroders’ shares slide as wealth management head steps down
Shares in Schroders were down 2.7% to 3,042p on Thursday after it announced that Philip Mallinckrodt had stepped down and reported a sharp rise in fund outflows from retail investors in 2016.
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Axa IM posts 35% rise in net new money
Axa Investment Managers (IM) said its 35% annual rise in net new money inflows was a testament to its “resilient” business model while setting out ambitions for further acquisitions this year.
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Rathbones profits fall 14.5% but managed funds on the up
The market rise in the latter half of 2016 helped push Rathbone Brother’s funds under management up 17.1% in 2016, although the costs of acquisitions and a head office relocation saw overall profits fall 14.5%.
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Hargreaves’ Khalaf still positive on Shell as investors wait for BG impact
Royal Dutch Shell will remain an attractive income generator for investors even after Thursday’s lower than anticipated annual figures release, according to Hargreaves Lansdown senior analyst Laith Khalaf.
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Walker Crips reports doubling of profits
Walker Crips’ year end results showed strong growth in pre-tax profit, AuM and gross revenue even after factoring in £0.8m in exceptional costs.
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Sainsbury’s shares slip as dividend drops
Sainsbury’s shares fell after it confirmed an 8% drop in its full-year dividend as “fierce competition” continues to bite.
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Foreign & Colonial boosted by Japan
Foreign & Colonial Investment Trust reported a net asset value total return of 7.5% for the year and a share price total return of 9%, compared with 4% for the FTSE All World Index.
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SJP to open new office in Canary Wharf
Announcing strong results for the full year, St James’ Place said it is planning a new office in Canary Wharf, following the completion of the Rowan Dartington acquisition.
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Liontrust sees drop in net inflows but grows AUM
Over the financial year, net inflows were 26% lower YOY but made an upward recovery in the final quarter.