GAM: Swiss asset manager aims for 2026 profit despite Liontrust debacle August 8, 2024 Swiss asset manager GAM is targeting a profit in 2026 after a tumultuous couple of years that saw it reject a takeover bid from rival Liontrust. GAM reported that it had an IFRS (International Financial Reporting Standards) net loss of 39.1m Swiss francs (£26.6m) in the first half of the year, only around half of [...]
Abrdn records net inflows as fund manager prepares to appoint new chief August 6, 2024 Abrdn has reported improved flows and progress on its cost-saving efforts as the fund manager gears up to appoint a new chief executive.
Axa reports over £50bn in revenue amid talks to sell asset management unit for whopping fee August 2, 2024 French insurer Axa reported £50.8bn in revenue as firm enters talks with BNP Paribas to sell asset management unit for £4.3bn.
Rathbones profit skyrockets 120 per cent as Investec merger pays off July 31, 2024 Rathbones Group's underlying profit before tax skyrocketed 120 per cent in the first half of the year, after its merger with Investec W&I.
Interactive Brokers is ready to shake up the UK trading market July 23, 2024 “Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told City A.M., “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]
Roadchef returns to profit as sales surge motorway service station operator July 19, 2024 Motorway service station operator Roadchef has returned to the black after its revenue surged during its latest financial year, it has been revealed.
Premier Milton: Demand for UK equities still ‘weak’ July 12, 2024 In a trading update covering the third quarter, Premier Milton reported that its AUM stood at £10.6bn at the end of June.
Ashmore: Billions pulled from fund manager as risk appetite remains ‘subdued’ July 12, 2024 "Investor risk appetite remains subdued and institutional decisions to reduce Emerging Markets exposure continue to drive net outflows," Ashmore said in a trading update.
Polar Capital: Emerging markets and Asian Stars teams help assets rise July 11, 2024 Polar Capital enjoyed an uptick in assets under management last quarter as the specialist fund manager was boosted by rising interest in funds managed by its emerging markets and Asian Stars teams.
ESG-focused Impax builds out fixed income offering with new fund acquisitions July 10, 2024 Ian Simm, founder and chief executive of Impax said: "This transaction marks an important milestone in our strategy to expand Impax's fixed income capabilities globally".