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.
company results
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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.
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Dighe’s replacement at Miton revealed as profits dip
James Neilson Pettigrew will join Miton as chairman in November according to the firm’s half-year results, which revealed profits dipped in the first half of the year.
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Mattioli hungry for more M&A as revenue hits £50m
Mattioli Woods’ total revenue broke through the £50m mark in 2017, as the specialist wealth manager confirmed that M&A remains a “core part of its growth strategy.”