Magnificent Seven: Are investors pressing ‘pause’ on their love affair with tech giants?
Following a lacklustre set of Q3 results, are technology stocks finally losing their sheen?
company results
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Rathbones’ operating income ticks up 6.5% in Q3 results
Migration of assets from Saunderson House continues
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Liontrust suffers £1.6bn of net outflows in Q3 as CEO warns of impending restructures
AUMA has fallen by 12% over six months to the end of September
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Brooks Macdonald suffers Q1 net outflows
But anticipates flows to turn positive in FY24 as a whole
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M&G wholesale asset management arm books £1.3bn net inflows
Despite assets falling to £332.8bn in the six months to the end of June
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Weekly outlook: UK inflation figures and L&G reports
Key events for UK wealth managers for the week starting 14 August
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Abrdn results: Share price tumbles 10% following 66% profit slump and 83% fall in flows
Investment arm profits have fallen by 66% year-on-year
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Man Group half-year results: Pre-tax profit falls by 65%
Luke Ellis to step down as Man Group CEO in September
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Jupiter cost-cutting mission sees profits soar 56%
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
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Ninety One company results: Pre-tax profit falls 20% amid ‘challenging’ year
Assets under management fell by 10%
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Weekly outlook: Will Next’s recovery continue?
Key events for UK wealth managers for the week starting 27 March
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Tech firms take a toll on US earnings season
‘Weak outlooks from prominent bell-weather companies are a red flag that should not be ignored’
