BP announces further cost-cutting following Q2 profit slide
BP is readying itself for further declines in the oil price following a halving in quarterly profits, the firm has announced in its Q2 2015 results.
Results
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Ashmore’s assets plummet by $2.2bn
Ashmore Group has seen its assets under management fall by $2.2bn in the three months to the end of June.
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Charles Stanley slides to £6.1m loss
Charles Stanley has revealed it slid to a pre-tax loss of £6.1m in the 12 months to 31 March.
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Record year sees Schroders AUM hits 300bn
Schroders assets under management hit the £300bn mark in 2014, the firm announced in its full year results.
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LGIM positioning for the retirement flood
Legal & General Investment Management expects new business volumes to grow strongly in 2015 as the firm benefits from the ongoing de-risking of defined benefit pension market.
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WH Ireland suffers 70 drop in profit
WH Ireland saw its pre-tax profit drop by 70% as a “year of transition” took its toll, the firm revealed in its annual results.
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OMW profits from post RDR landscape
Old Mutual Wealth has reaped the benefits of the changing post-Retail Distribution Review landscape, reporting adjusted operating profit of £227m for 2014.
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Axa Wealth Intl has moderate FUM growth of
Axa Wealth International has seen modest growth in funds under management which rose by £400m in 2014, despite a “challenging” post-RDR environment.
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St Jamess Place announces Metro platform
St. James’s Place Wealth Management is to launch a new banking service using Metro Bank as its platform.
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SLI assets rise 45pc thanks to Ignis
SLI saw its AUM rise by 45% to £245.9bn on the year, with thanks to the acquisition of Ignis.
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Natixis set to buy French group DNCA
Natixis is in exclusive talks regarding a bid to add French asset manager DNCA Finance to its suite of global investment management affiliates.
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Mattioli Woods sees discretionary funds rise
Mattioli Woods’ discretionary funds under management have quadrupled to £750m as of 31 May from £190m at the same time last year.