Rathbone acquires wealth management firm
5th Apr 2012 14:22
FTSE 250 firm Rathbone Brothers has announced that its wholly owned subsidiary, Rathbone Investment Management, has completed the acquisition of the wealth management firm RM Walkden & Co. Rathbone did not disclose the purchase price but did reveal that RM Walkden has gross assets of £948,494.
Read moreExperian Chairman sells shares and donates proceeds to charity
29th Mar 2012 15:38
Sir John Peace, the Chairman of Experian, the FTSE 100 information services firm, sold 12,633 shares in the firm and gave the proceeds to charity. Peace sold the shares at 990p each for a total of £125,067. "In addition, Sir John made an off-market gift of 5,015 Shares to charity for nil considera
Read moreDirector sells an ARM and a leg worth of shares
27th Feb 2012 15:59
Mike Inglis, the Executive Vice President and General Manager of the Processor Division of ARM, the FTSE 100 chip designer, has sold more than half his stake in the firm. Inglis, who took up his role in July 2008, sold 291,651 at 562.25p each for a total of £1,639,808, taking his total number of s
Read moreThorntons Chairman buys 400,000 shares
22nd Feb 2012 15:39
John von Spreckelsen, Chairman of chocolate retailer Thorntons, has bought up 400,000 shares in the firm, one week after it reported that its pre-tax profit more than halved after heavy discounting. Spreckelsen, who last year announced his intention to quit the firm before the end of September, bu
Read moreRathbone 'cautiously optimistic' for the year ahead
21st Feb 2012 15:39
Investment manager Rathbone Brothers saw a leap in pre-tax profits for the year ended December 31st and said it is 'cautiously optimistic' about the year ahead. Pre-tax profits rose 30% to £39.2m compared to £30.1m in 2010, on operating income of £144.45m (2010: £127.2m). Basic earnings per shar
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreMarket underwhelmed by Rathbone's recovery
10th Jan 2012 09:06
Funds under management (FUM) at investment management firm Rathbone Brothers recovered in the fourth quarter, ensuring the end-year figure came in a bit higher than a year earlier. Total FUM as at the end of 2011 stood at £15.85bn, up from £15.1bn at the end of September, and up 1.4% from the end-2
Read moreRathbone drops a billion
1st Nov 2011 10:02
Investment management firm Rathbone Brothers saw a net inflow of funds in the third quarter, despite volatile markets which saw total funds under management slip back by more than £1bn. Total funds under management at the end of September stood at £15.1bn, down from £16.36bn at the end of June. T
Read moreIntertek chairman sells more shares
20th Sep 2011 16:34
Vanni Treves, chairman of the FTSE 100-listed testing company Intertek, has offloaded a big chunk of shares, netting nearly £200,000. He sold 10,000 shares at 1,980p a time and still has 20,000. The shares have been hit by the general market decline since April, when Treves sold 24,048 shares at 2
Read moreLondon close: Blue chips close flat
17th Feb 2011 16:51
Footsie closed the day a shade higher having traded in a very narrow range all day as both buyers and sellers seem preoccupied with other things. Life insurance consolidator Resolution closed as top performer saying it is unlikely to make any further acquisitions this year. Instead, it will focus
Read moreLondon afternoon: Footsie stumbles after US CPI data
17th Feb 2011 14:43
Footsie fell back over the lunchtime session with sentiment taking a knock from a bigger than expected increase in US consumer prices. The US Consumer Price Index rose 0.4% in January, as it did in December, on the back of higher fuel and food prices. Economists had pencilled in a 0.3% rise. On th
Read moreLondon midday: Shares little changed
17th Feb 2011 12:07
Banks are setting the pace today, while other stocks are moving in both directions after updates. The FTSE 100 is flat overall. Nomura says Lloyds Banking Group is the preferred name of the UK lenders, and has the best exposure to recovery of traditional banking, without the overhang of a capital m
Read moreLondon open: Shares edge higher
17th Feb 2011 08:40
The FTSE 100 has moved higher in early dealings, with miners helping to offset weakness on the back of company updates. African Barrick Gold, which yesterday announced strong sales figures for the full year, is leading the mining sector - and the FTSE 100 - higher. However, elsewhere in the FTSE
Read moreLondon pre-open: Footsie to creep ahead
17th Feb 2011 07:38
Last night's two-year high on Wall Street and further gains in the Far East this morning look like nudging London up a couple of points in early trade. There's also the usual stampede of company results. B&Q owner Kingfisher expects full-year profit to be at the top end of expectations after stren
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