London close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
Read moreFunds under management up 13.4 per cent at Rathbone Brothers
20th Feb 2013 08:32
Total funds under management rose 13.4 per cent and a final dividend of 30p was proposed for the year to December 31st, preliminary results issued by Rathbone Brothers have disclosed. The company stated that the board proposed a dividend of 30p, up from 29p a year earlier, resulting in a full year
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreRathbone Brothers post 13 per cent increase in AUM
10th Jan 2013 08:04
Total funds under management rose 13.4 per cent year-on-year at wealth and discretionary management provider Rathbone Brothers in the year to December 31st, according to a trading update published on Thursday. Total funds under management were £17.98 bn at the end of 2012, compared to £15.85bn a ye
Read moreRathbone Brothers places shares at 1235p each
7th Nov 2012 08:39
Shares in wealth management outfit Rathbone Brothers have been placed at 1,235p a pop with institutional investors, allowing the firm to top up its war-chest. The company raised £24.7m (gross) through the issue of 2m shares, half a million more than it was targeting when it announced the share plac
Read moreRathbone Bros sees rise in FuM
24th Oct 2012 09:16
Wealth manager Rathbone Brothers has provided a solid quarterly trading update on Wednesday with funds under management (FuM) slightly up on the same period in the prior year. Total FuM for the nine months to September 30th were £17.35bn (2011: £15.05bn), with net operating income increasing to £11
Read moreRathbones takes stake in financial advisor
8th Oct 2012 08:00
Investment firm Rathbone Brothers has acquired just under one-fifth of both Vision Independent Financial Planning and its sister company, Castle Investment Solutions. Rathbone Brothers has paid £2m in cash for a 19.9% stake in the pair. The stakes have been purchased from the founders of Vision and
Read moreRolls-Royce director increases shareholdings
2nd Aug 2012 16:39
Lewis Booth, a non-Executive Director of Rolls-Royce, has purchased 7,500 shares of the firm´s stock just one week after the company saw underlying earnings come in ahead of forecasts for the first half. Booth, who was appointed to his role in May last year, bought the shares at 875.50p each for a
Read moreRathbone Director ditches shares following 'resilient' quarter
26th Jul 2012 15:32
Richard Smeeton, the Director of Rathbone Brothers' investment management business in London and Jersey, traded in 10,000 shares on the same day the firm posted decline in profits in the first half of the year. Smeeton, who also manages a large number of client portfolios, pocketed £130,900 from t
Read moreFTSE 250 movers: Laird leaps on rising revenues
26th Jul 2012 15:13
Cash is pouring in at technology group Laird as revenues pick up, as the company saw strong demand in the second quarter from the information technology and automotive markets, pushing shares into top spot on the second tier index. Meanwhile, bank note printer De La Rue appears said orders in its
Read moreRathbone to be classified as 'restricted' under RDR
26th Jul 2012 13:27
Rathbone Brothers, the investment management firm, has said that it will be classified as 'restricted' under the Retail Distribution Review (RDR) when the new regulations come into play next year, although its pension and advisory services sector will be classed as 'independent'. Its preparations f
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreRathbones outpaces its benchmarks
10th May 2012 10:13
Investment management firm Rathbone Brothers said the first quarter of 2012 was one of growth, despite challenging investment conditions. The Investment Management division's net operating income in the first three months of 2012 was up 11.8% to £37.8m from £33.9m the year before, while on the Unit
Read moreLondon open: Stocks drop on US jobs report
10th Apr 2012 08:32
- Markets digest Friday's US jobs data - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement After a long weekend, the FTSE 100 fell sharply in early trade on Tuesday on the back of a mixed performance by the miners and a decline in the banking sector, as in
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