LGIM posts 20% rise in AUM
Legal & General Investment Management (LGIM) has posted a 20% rise in AUM to £894.2bn as it remains committed to low-fee investing against continued pressure from industry forces.
Results
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Axa IM posts 35% rise in net new money
Axa Investment Managers (IM) said its 35% annual rise in net new money inflows was a testament to its “resilient” business model while setting out ambitions for further acquisitions this year.
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Liontrust closing in on £8bn in assets
Liontrust saw £190m in net flows between October and December the firm reported today.
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Brewin hit by 18% fall in pre-tax profits
Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.
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Aberdeen hit by £32.8bn of net outflows
Aberdeen Asset Management has reported £32.8bn of net outflows with negative economic and political newsflow having “weighed on investor sentiment”, according to chief executive Martin Gilbert.
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Liontrust grows AUM by almost 30% in H1
Liontrust has reported a 29.5% growth in assets under management (AUM) from £4.4bn in 2015 to £5.7bn at 30 September 2016.
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Henderson reports £1bn net retail outflows
Henderson Group has reported a £1bn net outflow from its retail business during the third quarter due to an immediate rotation out of European assets following the EU Referendum.
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Lloyds shares slip with investors unconvinced by its PPI claim
Shares in Lloyds Banking Group slipped on Wednesday morning as the bank updated the market on its third quarter performance and its progress in dealing with the long-running payment protection insurance scandal.
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BlackRock reports revenue drop despite net flows of $70bn
BlackRock has reported net flows of $70bn during its third quarter but this was not enough to prevent a 3% fall in revenue to $2.837bn compared with last year’s third quarter.
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Jupiter reports net flows of £789m
Jupiter Fund Management has reported net inflows of £789m for the three months to 30 September 2016, bringing total assets under management to £40.4bn.
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River & Mercantile profits slide despite AUM rise
River & Mercantile reported profits down 28% to £5.9m for the year to 30 June this morning.
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Mattioli Woods posts 25% earnings climb as it eyes acquisitions
Mattioli Woods has reported full year adjusted earnings of £9.3m, a 25.7% rise on the level achieved the year before.
