Sainsbury’s has upgraded its profit forecast after a “record” Christmas sales period, while Neil Woodford-owned Burford Capital teased markets with news of “strong growth” from its investments.
More than three-quarters of customers who bought a CFD product in 2015/16 lost money the Financial Conduct Authority (FCA) has revealed in a stinging criticism of the market.
Premier Asset Management has reported its 19th consecutive quarter of inflows, which boosted assets under management (AUM) to £6.4bn.
Wealth Club, a dedicated service for high-net worth investors, has acquired broker firm Clubfinance in an expansion of its VCT and tax-efficient investment offering.
Liontrust Asset Management has hired Baillie Gifford’s Donald Phillips to join its newly-created global fixed income team ahead of its upcoming triple fund launch.
Baillie Gifford has promoted two staff to co-manager level on two of its bond funds to replace outgoing heavyweights, Stephen Rodger and Donald Phillips.
Terry Smith’s eponymous firm increased profits six-fold last year with the veteran fund manager set to scoop a bonus of more than £8m as a result.
Active funds remain advisers’ top product of choice when building portfolios after research found more than half invested less than 20% of client money into passive funds.
Markets enjoyed some belated Christmas cheer from Morrisons’ strong sales update, but wider trading statistics from the British Retail Consortium painted a much bleaker picture for the sector at large.
A recently-merged £6bn wealth management giant has revealed a new brand for its combined financial advice business.
Impax Asset Management, an AIM-listed investment manager, has reported a 13% increase in assets under management during the first quarter of its financial year.
Fund manager Richard Penny has ended a 17-year career with Legal and General Investment Management to join Crux Asset Management, it was announced today.
