Weekly outlook: US-China tensions, UK employment and company AGMs
The key events for UK wealth managers for the week starting 13 May
company results
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Woodford profit boost does not factor in recent woes
AUM has taken a hit since the reporting period
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Liontrust AUM grows 61% in a year
Liontrust’s assets under management hit £10.5bn over the financial year to the end of March, enhanced by its acquisition of Alliance Trust Investments last April.
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Fixed income drives 55% increase in RLAM inflows
Royal London Asset Management (RLAM) reported a 55% increase in external gross inflows to £10.4bn in 2017, up from £6.7bn in 2016.
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Janus Henderson suffers $10.2bn outflows in 2017
Janus Henderson has reported net outflows of $10.2bn during 2017, its first year as a fully-merged entity.
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EasyJet shares up after results reveal £5bn revenue
Budget airline EasyJet has bounced back from a troubled year in its industry, posting record passenger numbers and more than £5bn in revenue.
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Imperial Brands’ shares rise 3% despite flagging sales
Imperial Brand was the top riser of the FTSE 100 on Tuesday, as markets ignored the impact of positive currency movements and fixated on yet another 10% dividend hike.
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Old Mutual Wealth cashflow up 92%
Strong cashflows and solid performance saw Old Mutual Wealth’s (OMW) funds under management rise 14% in the year to date, with its net cashflow soaring 92% higher than during the same period in 2016.
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Lloyds posts 141% profit increase
Lloyds has reported pre-tax profit was 141% higher in Q3 of this year than in the same period last year in results that hailed the “resilient” UK economy.
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Brooks Macdonald to combine fund group and investment arm
Brooks Macdonald Group has announced it will incorporate its funds business with its UK investment management arm.
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Nutmeg’s losses widen despite surge in customers
Nutmeg, the online investment manager, saw losses rise to £9.3m last year despite a surge in customer numbers.
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Brooks Macdonald breaks £10bn milestone and dumps property arm
Funds under management soared 26% at Brooks Macdonald over the last year, with the wealth manager selling off its property management business.
