Tesco shares on the slide despite return to profit
Tesco saw its shares slide over 5% despite reporting a return to profitability after a troubled period.
Results
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Miton’s AUM up 36% but profit slips
Miton Group has reported its assets under management climbed 35.8% in 2015 to £2.78bn from £2.05bn at the start of the year.
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Brooks Macdonald’s discretionary assets climb
Brooks Macdonald has reported discretionary funds under management of £7.82bn at the end of 2015, up 12% from £6.95bn at the end of 2014.
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LGIM reports jump in asset flows
Legal & General Investment Management (LGIM) has reported a 402% increase in external net asset flows in its annual results, from £7.5bn in 2014 to £37.7bn to 31 December 2015.
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Old Mutual to break into four new businesses
South African financial services group Old Mutual has decided to break up its business into four separate units as it believes they will perform better independently.
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Alliance Trust raises dividend after turbulent year
Alliance Trust announced it is raising its dividend as it released its full year results this morning.
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Schroders announces board shake-up
Schroders has announced chief executive Michael Dobson will step down on 4 April and be replaced by Peter Harrison.
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Lloyds shares rocket as it announces dividend plan
Share in Lloyds Banking Group leapt 9.7% to 68p as the bank revealed its plan to pay a special dividend.
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Rathbones assets climb 7.4% but inflows weaken
Rathbone Brothers’ total funds under management were £29.2bn at 31 December, up 7.4% from £27.2bn at the end of 2014, the company reported today.
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SLI third party inflows leap to £10.3bn
Standard Life Investments has reported its net third party inflows leapt to £10.3bn in 2015 from just £1.7bn in 2014.
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Shell shares leap despite 80% profit slide
Shares in Royal Dutch Shell climbed 6.4% on Thursday morning as the company revealed full year profits down 80% on the previous year to $3.8bn.
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Aberdeen chairman to depart as outflows continue
Aberdeen Asset Management’s Roger Cornick is to retire as chairman and non-executive director at the end of this financial year, 30 September 2016.
