Rathbone Brothers places shares at 1235p each
7th Nov 2012 08:39
Shares in wealth management outfit Rathbone Brothers have been placed at 1,235p a pop with institutional investors, allowing the firm to top up its war-chest. The company raised £24.7m (gross) through the issue of 2m shares, half a million more than it was targeting when it announced the share plac
Read moreRathbone Bros sees rise in FuM
24th Oct 2012 09:16
Wealth manager Rathbone Brothers has provided a solid quarterly trading update on Wednesday with funds under management (FuM) slightly up on the same period in the prior year. Total FuM for the nine months to September 30th were £17.35bn (2011: £15.05bn), with net operating income increasing to £11
Read moreRathbones takes stake in financial advisor
8th Oct 2012 08:00
Investment firm Rathbone Brothers has acquired just under one-fifth of both Vision Independent Financial Planning and its sister company, Castle Investment Solutions. Rathbone Brothers has paid £2m in cash for a 19.9% stake in the pair. The stakes have been purchased from the founders of Vision and
Read moreRolls-Royce director increases shareholdings
2nd Aug 2012 16:39
Lewis Booth, a non-Executive Director of Rolls-Royce, has purchased 7,500 shares of the firm´s stock just one week after the company saw underlying earnings come in ahead of forecasts for the first half. Booth, who was appointed to his role in May last year, bought the shares at 875.50p each for a
Read moreRathbone Director ditches shares following 'resilient' quarter
26th Jul 2012 15:32
Richard Smeeton, the Director of Rathbone Brothers' investment management business in London and Jersey, traded in 10,000 shares on the same day the firm posted decline in profits in the first half of the year. Smeeton, who also manages a large number of client portfolios, pocketed £130,900 from t
Read moreFTSE 250 movers: Laird leaps on rising revenues
26th Jul 2012 15:13
Cash is pouring in at technology group Laird as revenues pick up, as the company saw strong demand in the second quarter from the information technology and automotive markets, pushing shares into top spot on the second tier index. Meanwhile, bank note printer De La Rue appears said orders in its
Read moreRathbone to be classified as 'restricted' under RDR
26th Jul 2012 13:27
Rathbone Brothers, the investment management firm, has said that it will be classified as 'restricted' under the Retail Distribution Review (RDR) when the new regulations come into play next year, although its pension and advisory services sector will be classed as 'independent'. Its preparations f
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreRathbones outpaces its benchmarks
10th May 2012 10:13
Investment management firm Rathbone Brothers said the first quarter of 2012 was one of growth, despite challenging investment conditions. The Investment Management division's net operating income in the first three months of 2012 was up 11.8% to £37.8m from £33.9m the year before, while on the Unit
Read moreLondon open: Stocks drop on US jobs report
10th Apr 2012 08:32
- Markets digest Friday's US jobs data - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement After a long weekend, the FTSE 100 fell sharply in early trade on Tuesday on the back of a mixed performance by the miners and a decline in the banking sector, as in
Read moreRathbone 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 more