City grandee Martin Gilbert tries to sell Assetco share split plan August 14, 2024 Assetco chair Martin Gilbert is attempting to pitch his plan to split his company to investors in a bid to turn around the struggling asset manager. In June, Gilbert proposed that Assetco will be rebranded as River Global, with its 30 per cent stake in investment management and platform business Parmenion spun off. Now, Gilbert [...]
Aviva: Profit and sales jump at FTSE 100 giant as UK premiums surge August 14, 2024 Insurance giant Aviva reported that sales, operating profit and dividend were all up for HY 2024 as the group generated over £6bn in general insurance premiums
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.