Next biggest FTSE 100 riser after ‘disappointing’ update
Shares in the British high street retailer surprised on the upside, despite producing what analysts called a “very disappointing trading update”.
Shares in the British high street retailer surprised on the upside, despite producing what analysts called a “very disappointing trading update”.
BT’s shares suffered a setback today following the announcement the telecoms giant was to cut 4,000 jobs as part of an overseas shakeup.
Outflows of £2.8bn from Standard Life Investments’ Global Absolute Return Strategies fund blighted flows for the first quarter of 2017 according to a trading update.
Liontrust Asset Management’s latest trading update has revealed it is within touching distance of hitting its £10bn target for assets under management (AuM).
Miton Group’s assets under management finished the year up to £2.9bn from £2.7bn the year before, despite the loss of two of its highest profile fund managers last year.
Rathbone Brothers said today it intends to make acquisitions this year as it pursues growth of its business.
Aberdeen saw outflows of £1.5bn from its property funds in the three months leading up to June, but some analysts see this as merely a “sideshow,” to deeper problems.
Liontrust reported another quarter of positive flows, combating investor anxiety ahead of the referendum and market volatility following the vote.