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
Read more21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read more20th Feb 2014 12:49
Despite a warning from BAE Systems that cuts in US military spending will slash profits by up to 10 per cent, Jefferies has rated the stock a 'buy' with a price target of 350p, stating that the company's woes will be short-term as the firm's US businesses "hit bottom" in 2014. The stock sank sharpl
Read more20th Feb 2014 10:03
Numis has rated investment manager Rathbone Brothers a 'hold' as underlying pre-tax profits of 50.5m pounds were exactly in line with the broker's estimate. "Diluted adjusted earnings per share at 86.1p was a little better than our estimated 83.3p and consensus 84.4p, due to a lower effective tax r
Read more20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read more20th Feb 2014 08:40
Investment manager Rathbone Brothers said full year pre-tax profits rose 14 per cent to 44.2m pounds on the back of positive markets in 2013. Underlying profit before tax (excluding amortisation of client relationship intangible assets and, in 2012, head office relocation costs) increased 12.7% to
Read more28th Jan 2014 15:27
Easing concerns over the emerging markets helped the financial sector higher on Tuesday, with stocks buoyed by M&A activity surrounding F&C Asset Management. Fund managers such as Aberdeen and Man Group have fallen sharply in recent sessions owing to their exposure to developing nations after a sel
Read more13th Jan 2014 16:28
Fund manager Jupiter is looking at a possible sale of its wealth management business, estimated to be worth around 50m pounds, according to weekend press reports. The Sunday Times suggested that Jupiter, which has been run by Chief Executive Officer (CEO) Edward Bonham Carter for 14 years, has rece
Read more9th Jan 2014 14:07
- Funds under management up 22.2 per cent - Results expected in line with expectations - Outlook positive, well positioned for growth Rathbone Brothers grew funds under management last year by more than many analysts had forecast and the company is eyeing potential opportunities for accelerating gr
Read more11th Dec 2013 15:46
James Dean, a non-executive director at wealth manager Rathbone Brothers, has made an initial foray into the market, just over a month after taking on his role. He paid £15,224 for shares in the company, where Chief Executive Andy Pomfret has just announced his retirement after nine years. Pomfre
Read more2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read more2nd Dec 2013 11:24
- Markets lower ahead of data-heavy week - Non-farm payrolls, taper in focus - Investors shrug off positive manufacturing figures this morning - Broker downgrades hit Tesco, Aberdeen, Debenhams techMARK 2,659.11 -0.55% FTSE 100 6,610.41 -0.60% FTSE 250 15,380.56 -0.56% Markets in the UK and across
Read more2nd Dec 2013 08:12
- Markets drop ahead of key week for data - Chinese manufacturing beat forecasts in November - Utility companies pledge to pass on savings to customers techMARK 2,662.77 -0.42% FTSE 100 6,618.77 -0.48% FTSE 250 15,414.98 -0.33% UK stocks started December on a rather sour note, with markets sinking
Read more2nd Dec 2013 07:32
Andy Pomfret, the long-running Chief Executive Officer (CEO) of investment and wealth management firm Rathbone Brothers, is to step down as of next year. Pomfret, who joined Rathbones in 1999 as Finance Director before being promoted to CEO in 2004, will be retiring on February 28th 2014. He will
Read more11th Nov 2013 15:39
South Africa-focused Lonmin, the world's third largest platinum producer, has released its final results for the year ended on September 30th. The company's underlying profit before tax improved to $158m (£98.75m) from $57m a year ago. Online gambling outfit 888 rose after it, along with Atlantic
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