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.
Annual Results
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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.
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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.
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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.