Barclays’ shares up 5% despite £2bn loss
Barclays’ shares took off as markets opened on Thursday as the prospect of doubling its dividend took away the sting of its almost £2bn loss.
News
-
-
Axa IM boosts AUM 4% despite €50bn outflows
Axa Investment Managers saw a 4% increase in assets under management (AUM) last year, despite €48.5bn total net outflows from its joint venture (JV) businesses.
-
Rathbones eyes financial planning expansion as it nears £40bn FUM
Rathbone Brothers is planning to develop its financial planning proposition more aggressively this year after nearing its target of £40bn funds under management.
-
Fidelity makes U-turn on research costs
Fidelity International has reversed its stance on research costs and is joining many asset managers in absorbing the fees of external research, instead of passing it on to clients.
-
AJ Bell considers float, according to reports
Investment platform AJ Bell, which sits on assets under administration of close to £40bn, is considering plans to float on the public market, according to reports.
-
Platforms are dead, says The Lang Cat boss
Platforms have spurned the gift of the retail distribution review (RDR) and are dead, according to Mark Polson, founder of financial services consultancy The Lang Cat.
-
Woodford flagship fund most sold in January
Neil Woodford’s flagship equity income vehicle topped The Share Centre’s most sold fund list in January, sharing the spotlight with several other big names in the UK retail space.
-
First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
-
RBS’ shares wobble after report confirms ‘gruesome culture’ of GRG
Shares in RBS wobbled slightly after an unredacted report by the Financial Conduct Authority (FCA) into its now infamous Global Restructuring Group (GRG) revealed its unfair treatment of customers was more widespread than the bank let on.
-
Brewin Dolphin head moves to Brooks Macdonald
Brewin Dolphin’s head of finance Ben Thorpe has moved over to Brooks Macdonald as group finance director.
-
Number of trusts paying quarterly dividends jumps to 50%
The number of investment trusts paying a dividend on a quarterly basis has risen to 50%, according to new research from the Association of Investment Companies (AIC).
-
Lloyds hands £1bn to shareholders after ‘landmark year’
Lloyds Banking Group has promised a £1bn share buyback, following a “landmark year” which saw it return to private ownership and profit rise 24%.
