FUM at Rathbone top £15bn
17th Feb 2011 07:03
Total funds under management (FUM) exceeded £15bn for the first time ever at wealth management firm Rathbone Brothers last year. Underlying profit before tax in 2010 rose 18.8% to £38.5m from £32.4m in 2009, topping the consensus market forecast of £35.55m. This was despite the company having to s
Read moreIG Group latest to receive FSA compensation bill
27th Jan 2011 13:24
Spreadbet firm IG Group has one month to pay £4m into the Financial Services Compensation Scheme to help refund retail investors who lost money they had in firms that collapsed last year. The invoice is in addition to the £1m provisioned for and, although the company is certainly able to afford it,
Read moreCautious optimism at Rathbone
6th Jan 2011 07:38
Wealth management firm Rathbone said 2010 finished on a buoyant note, capping a year in which the company saw a surge in funds under management in 2010. Total funds under management as at 31 December 2010 were £15.63bn, up 19.3% from £13.10bn as at 31 December 2009. Funds managed by Rathbone Inves
Read moreBroker tips: Anglo American, Talvivaara, Rathbone
4th Nov 2010 13:17
Panmure Gordon sees South Africa as an increasingly less attractive mining destination and no longer rates Anglo American shares as worth buying. According to the broker's calculations, the $237m cost savings achieved by Anglo American from asset optimisation have been outweighed by the mining gian
Read moreMARKET TALK: Royal Bank of Scotland Cuts Rathbone Price Target
29th Jul 2010 12:39
1139 GMT [Dow Jones] Royal Bank of Scotland cuts Rathbone Brothers (RAT.LN) price target to 954p from 995p. Regards the stock's current valuation as fair but sees more value elsewhere in the asset management/discretionary investment sector. Specifically, likes Henderson Group (HGI.LN) and Aberdeen A
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 12:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1139 GMT [Dow Jones] Royal Bank of Scotland cuts Rathbone Brothers (RAT.LN) price target to 954p from 995p. Regards the stock
Read moreRathbone thrives despite Q2 setbacks
28th Jul 2010 16:02
Investment management outfit Rathbone Brothers enjoyed a strong first half as equity markets rebounded, with growth in assets under management and higher commission levels. Profit before tax in the first half of 2010 rose 11.3% to £15.8m from £14.2m in the first half of last year. Underlying pro
Read moreUK SMALLCAP ROUNDUP: Allergan's Ozurdex Gets Agency Approval
28th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ALLERGAN INC. (AGN), a drug maker, Wednesday said the European Medicines Agency has granted marketing approval to Ozurdex, a treatment for an eye conditi
Read moreBroker tips: ARM, Rathbone Brothers, Connaught
28th Jul 2010 13:25
The market may have punished ARM's shares after its recent results but Nomura Securities thinks the chip designer had a strong quarter. The broker said the second quarter numbers were encouraging, with underlying dollar revenue coming in ahead of expectations, "as robust licensing offset the season
Read moreBroker snap: Rathbone's overvalued
28th Jul 2010 13:24
KBC Peel Hunt likes fund manager Rathbone Brothers as a company but it does not like the shares at their current price, even after a set of interim results that were marginally ahead of expectations. "We previously downgraded our forecasts at the start of this month given the level of the equity ma
Read moreCORRECT:INTERVIEW:Rathbones Interested In More Lloyds-Style Buys
28th Jul 2010 12:58
("=INTERVIEW: Rathbones Interested In More Lloyds-Style Buys," published at 0835 GMT, misstated the amount of funds in the second paragraph. The error also appeared in the third paragraph of "Rathbone Brothers 1H Pretax Profit +11%; Confident Of 2H Growth," published at 0635 GMT. The correct version
Read moreUK SMALLCAP ROUNDUP: JJB's Former Chairman Retires As Director
28th Jul 2010 12:29
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps JJB SPORTS PLC (JJB.LN), a sportswear retailer, Wednesday said its former chairman who steered it away from the brink of administration late last year ha
Read moreUK SMALLCAP ROUNDUP: Apollo Ups Proposal To Buy Brit Insurance
28th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BRIT INSURANCE HOLDINGS NV (BRE.LN), a U.K. insurer and reinsurer, Wednesday said New York-based Apollo Global Management LLC has made a revised indicat
Read moreRathbone Brothers 1H Pretax Profit +11%; Confident Of 2H Growth
28th Jul 2010 07:35
LONDON (Dow Jones)--U.K. fund manager Rathbone Brothers PLC (RAT.LN) Wednesday posted an 11% rise in first-half pretax profit and said that while market volatility experienced in the first half is likely to continue for the rest of this year, it is confident of further growth. For the six months
Read moreRathbone benefits from high commission levels
5th May 2010 15:16
Investment management firm Rathbone Brothers saw funds under management (FUM) climb 7.3% in the first quarter of 2010 to £14.05bn. Acquired inflows on the Investment Management side totalled £241m in the first quarter while net organic growth was £96m, Inflows plus net organic growth represents a n
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