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’
Net inflows have softened the steady erosion of assets under management and advice
‘Good results despite the softer market’
Assets under management grow 18.5% due to the deal
Total net inflows see a near threefold increase year-on-year
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.
Despite £100m of net outflows, Charles Stanley ended the third quarter with total funds under management and administration (FUMA) closing in on £25bn.
Shares in Next slumped close to 8% after the high street fashion retailer admitted its sales performance was “extremely volatile” thanks to unpredictable weather.
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.
Barclays’ first trading update since ditching its troubled non-core unit was a let-down as its trading arm proved a drag on profits.
Unilever’s shares were shaky as it revealed a poor set of third quarter results, which failed to live up to analysts’ expectations.
Jupiter Fund Management’s assets under management closed the three months to 30 September 2017 at £48.4bn, growing 19% year-to-date.