Rathbone Brothers full year funds under management grow
24th Feb 2016 08:01
(ShareCast News) - Wealth manager Rathbone Brothers posted a rise in full year 2015 profit and funds under management despite subdued investment markets. For the year ended 31 December, pre-tax profit rose to £58.6m from £45.7m in 2014, while basic earnings per share came in at 97.4p from 76p. Mean
Read morePositive fourth quarter for Rathbone Brothers
7th Jan 2016 08:18
(ShareCast News) - Rathbone Brothers posted a positive fourth quarter, though it did report a mixed 2015 in a trading update on Thursday. The FTSE 250 fund manager reported it had total funds under management at 31 December 2015 of £29.2bn, up 5.8% on 30 September and 7.4% at 31 December 2014. Of t
Read moreRathbone Brothers posts increase in third quarter operating income
22nd Oct 2015 08:30
(ShareCast News) - Investment manager Rathbone Brothers posted an increase in third quarter operating income, though it warned the economic environment remained challenging. In the three months to 30 September, net operating income rose 13.4% year-on-year to £55.6m, while funds under management, a c
Read moreRathbone Brothers buys remaining stake in the Vision Group
1st Oct 2015 07:20
(ShareCast News) - Wealth manager Rathbone Brothers has agreed to purchase the remaining 80.1% that it didn't already own in the Vision Group, which is a an independent specialist financial advice network focusing on high net worth private clients. Rathbones, which purchased a 19.9% stake in the
Read moreRathbone retains positive outlook for 2015 after solid first quarter
14th May 2015 10:59
Investment and wealth management services Rathbone Brothers saw its total funds under management rose in the first quarter, although the pace of investment returns slowed down. The FTSE 250 group said total funds under management rose 6.3% year-on-year to £28.9bn, while organic growth in the period
Read moreRathbone 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
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