Amundi Q3 results: Net income, revenue growth and AUM increase by double digits
CEO says company is ‘ideally positioned to seize growth opportunities’
CEO says company is ‘ideally positioned to seize growth opportunities’
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Net inflows have softened the steady erosion of assets under management and advice
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‘Good results despite the softer market’
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Assets under management grow 18.5% due to the deal
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Total net inflows see a near threefold increase year-on-year
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Canaccord Genuity Wealth Management’s UK and Europe branches reached the £25bn assets under management mark by the end of the third quarter for the fiscal year 2018.
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Despite £100m of net outflows, Charles Stanley ended the third quarter with total funds under management and administration (FUMA) closing in on £25bn.
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Shares in Next slumped close to 8% after the high street fashion retailer admitted its sales performance was “extremely volatile” thanks to unpredictable weather.
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RBS hit another milestone on its road to recovery, posting a third consecutive quarter of profits but analysts suspect it has further to go before it is back in the black for the full year.
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Barclays’ first trading update since ditching its troubled non-core unit was a let-down as its trading arm proved a drag on profits.
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Unilever’s shares were shaky as it revealed a poor set of third quarter results, which failed to live up to analysts’ expectations.
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Jupiter Fund Management’s assets under management closed the three months to 30 September 2017 at £48.4bn, growing 19% year-to-date.
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