Ninety One: Profit sags as investors continue to pull funds Investing Investors pulled £5.3bn from asset manager Ninety One over the last six months, although a strong investment performance helped offset outflows. In the group’s half-year results, the Anglo-South African financial firm revealed that while outflows had hit growth, overall assets under management had risen one per cent to £127.4bn in the six months to 30 [...]
AJ Bell says Budget jitters are causing investors to pull pension money Investing AJ Bell has warned uncertainty around Rachel Reeves’s Budget this month is causing investors to pull pension money from its platform and hold off contributing to their retirement pots. In a trading update for its financial year to September, the FTSE 250 firm said it had seen an acceleration of cash exiting the platform amid [...]
Investec set for profit boost despite challenges in the UK Banking Investec delivered an upbeat trading update for the first half, with profit on track to increase compared to last year despite challenges in the UK. The bank expects adjusted operating pretax profit in the six months to September to be between £450m and £482m, up from £441m in the same period last year. Headline earnings [...]
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.
Brooks Macdonald faces continued outflows as takeover rumours swirl July 17, 2024 Brooks Macdonald investors pulled £154m from the asset manager over the last three months, despite analyst expectations of net inflows, as the company struggles with rumours of a potential takeover attempt.
EPCR Investec Champions Cup and Challenge Cup pool draw in full July 2, 2024 This morning in Cardiff the draws were completed for the Investec Champions Cup and EPCR Challenge Cup. The European competitions will see 42 teams battle it out for two trophies, with this year’s finals taking place in Cardiff’s Principality Stadium. Teams will play two teams in their pool at home and two teams away. Teams [...]
Now private investigators involved in never-ending sale of Daily Telegraph: reports June 23, 2024 Although the Barclays technically still own the newspaper group, it is controlled by a group of independent directors.
Week ahead: Fed to hold rates – but is a September cut on the cards? June 9, 2024 Any shift to a single cut, as suggested by Atlanta Fed President Raphael Bostic in April, could boost the dollar sharply.
Investec hits rugby club Featherstone Rovers with winding-up petition June 3, 2024 The asset arm of investment firm Investec has filed an application to the High Court against rugby league club Featherstone Rovers
Intensity at centre of Investec Champions Cup final between Toulouse and Leinster May 24, 2024 Without getting you all too excited, I do believe this weekend’s Investec Champions Cup could be one of the few finals that matches last year’s epic comeback by La Rochelle, who rallied from 17-0 down inside the opening quarter. Because Leinster versus Toulouse isn’t just Leinster versus Toulouse; it’s four-time winners against five-time winners, Ireland [...]