Rathbone Brothers funds under management climb higher in Q4
13th Jan 2015 14:09
Although markets stumbled in the final few months of the year, funds under management (FUM) at wealth management group Rathbone Brothers continued to their serene march higher. Total FUM of £27.2bn at 31 December was a 3.4% increase in the fourth quarter and a 23.6% rise from a year before, with the
Read moreRathbone Brothers grows funds but analysts eye downgrades
16th Oct 2014 09:17
Rathbone Brothers grew funds under management (FUM) broadly in line with expectations in the third quarter despite relatively flat markets, but analysts eyed downgrades due to the recent market wobbles. FUM were up 10% from the position at the end of June, compared to a decrease of 1.8% in the FTSE
Read moreRathbone Brothers reach £15m settlement with former director
18th Aug 2014 11:14
Rathbone Brothers, the London-based investment management firm, has paid a £15m settlement over a legal dispute involving a former director and employee of a former subsidiary, the company announced on Monday. The settlement, which was initially announced on 24 July, was subject to "various matters
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFTSE 250 movers: Howden Joinery rises on strong first half
24th Jul 2014 15:26
First-half results from Howden Joinery received a warm welcome from the market as the kitchen and joinery products group delivered a decent jump in interim profits and reported a strong start to the second half. Howden-branded UK depots generated revenue of £428.2m in the first half, up 11.6%, helpe
Read moreRathbone Brothers grows funds under management by 8.6% in first half
24th Jul 2014 09:40
- FuM up 8.6% to £23.9bn for H1 - Settles £15m legal dispute - Analysts say numbers slightly weaker than expected Rathbone Brothers, the UK wealth management group that dates back to 1742, said on Thursday that funds under management (FuM) rose 8.6% to £23.9bn in the first half of the year. The com
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreRathbone Brothers acquisitions progressing well
14th May 2014 08:35
- FUM up 16.3 per cent YoY - Double digit income growth in both divisions - Net operating income up 26.6 per cent Funds under management (FUM) rose strongly year-on-year for Rathbone Brothers in the first quarter, with the impact of recent acquisitions taking the figure even higher. Before taking
Read moreFTSE 250 movers: Rathbone Brothers up on AuM increase
2nd Apr 2014 16:11
Rathbone Brothers was higher on reports it has increased its assets under management (AuM) after acquiring private client businesses, including one from Jupiter Asset Management. Kazakhmys climbed after it completed the disposal of its 50% stake in Ekibastuz GRES-1 to Samruk-Energo. The group rece
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreLondon pre-open: Gains expected ahead of economic data
1st Apr 2014 07:50
UK stocks are expected to rise on Tuesday morning following a strong finish on Wall Street last night after comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 28 points higher than Friday's close of 6,598.37. Tuesday will be a data-heavy session for finan
Read moreRathbone Brothers announces two acquisitions and fundraising
1st Apr 2014 07:17
Rathbone Brothers has purchased Jupiter Asset Management's private client and charity investment management business and part of the London private client wealth management unit of Tilney Investment Management. Jupiter's private client assets, which represent 7% of its £31.7bn under management, are
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