Rathbones profit skyrockets 120 per cent as Investec merger pays off Investment 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.
Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake Acquisitions A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.
Rathbones sees higher outflows as Investec Wealth merger ‘progressing well’ Investment Rathbones' funds under management and administration came in at £105.3bn, compared with £60.2bn in 2022. This figure included £42.2bn from IW&I.
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.
Investec Wealth and Rathbones tie-up gets green light from regulators August 2, 2023 Investec confirmed today that the proposed merger of Rathbones and its Wealth & Investment arm has secured regulatory approval. In a statement this morning, Investec said “all regulatory clearances in connection with the combination have been received”. The financial services firm said it expects the deal to be completed on 21 September provided the City [...]
Rathbones partners up with Investec Wealth to create £100bn money manager April 4, 2023 Rathbones has snapped up Investec's wealth arm today in a move which will create one of the UK's top money managers with £100bn assets under management.
Rathbone Brothers assets smash £60bn October 14, 2021 Rathbone Brothers have seen their funds under management jump to £60.9bn, the wealth manager confirmed in its quarterly trading update today. In the first nine months of the year funds under management and administration at the wealth management company rose by 11 per cent to £60.9bn, outperforming £54.7bn recorded at the end of 2020. The [...]
Rathbones ends ‘challenging’ year with a dividend hike March 4, 2021 Investment management giant Rathbones finished a ‘challenging’ 2020 with £54.7bn funds under management, the firm said this morning, after enjoying growth of 8.5 per cent last year. The firm’s underlying profit before tax increased by 4.3 per cent to £92.5m, meanwhile its funds business soared 32.4 per cent to £9.8bn. Chief executive Paul Stockton said: [...]
Rathbone Brothers buy Barclays Wealth personal injury business November 28, 2019 Rathbone Brothers has said it will buy the personal injury and court of protection business of Barclays Wealth. The wealth and investment manager will acquire the business, which comprises £500m funds under management on behalf of around 600 clients, for an undisclosed sum. Read more: Rathbone Brothers’ shares fall as it warns on tighter profit [...]
Rathbone Brothers funds under management rise despite slowing growth May 9, 2019 Wealth management firm Rathbone Brothers has reported that funds under management grew to £47.5bn in the first three months of this year, despite weak growth in its Investment Management business. Total funds under management were up 7.7 per cent to £47.5bn from £44.1bn at the end of last year, the firm said in a trading [...]