LGIM profits and AUM slide as rate hikes take a toll
The firm reported operating profit of £142m for the first half
Results
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Weekly outlook: UK inflation figures and L&G reports
Key events for UK wealth managers for the week starting 14 August
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Baillie Gifford US trust reveals portfolio changes as it seeks to close 17.6% discount
The trust has sold several holdings including Peloton, Carvana and First Republic
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Quilter profits jump 25% as it expects to deliver ‘cost-saving’ plan a year early
While AUM ticked up 2% in first half
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Schroders assets dip but profits hold firm despite ‘ongoing industry headwinds’
‘Strategic rebalancing’ towards higher growth and increased longevity areas
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Jupiter cost-cutting mission sees profits soar 56%
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
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Evelyn Partners sees record half year inflows as CEO switch nears
Assets under management and advice rose to £54.9bn
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Ninety One sheds £10.6bn of assets during ‘year of significant headwinds’
Assets under management dropped by 10% to £129.3bn
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Man Group shares jump as it reveals £2.56bn of inflows
Better than expected performance greeted enthusiastically by investors
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Rathbones profit soars ‘materially ahead’ to £48.8m
Funds under management and administration hits £59.2bn aided by Saunderson House acquisition
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Rathbones assets break £50bn despite low net inflows
Earnings hit by integration of Speirs and Jeffrey and cessation of box profits
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7IM sees AUM grow 7%
But £900m increase is less than £1.1bn taken on from Tcam acquisition
