Financials

Busy times in the broking and banking world

Results in the last few days include a stockbroker and a pawnbroker plus the two largest surviving Integrated Lloyd's Vehicles (ILV), as well asCharles Stanley discussing the possible sale of its Securities unit (sending their shares surging). Amlin and Hiscox both posted strong results for 2014 despite the further fall …

Published: 12th March 2015

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S&U delivers, but over-optimism exposed elsewhere

This morning's trading statement from S&U shows that someone is benefiting from an economic upturn. S&U has managed to simultaneously expand and improve the quality of its lending book with Home Credit expanding turnover and collecting agents by 10%, but collections by 12%. They declared a second interim dividend to …

Published: 13th February 2015

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Meeting expectations: reassuring or boring?

Boring is good - well, at least it is reassuring. Predictability implies a lower risk of unpleasant surprises.So it is a matter of satisfaction that, in trading conditions that are far less than helpful, some Financials have just reported that results for calendar 2014 will be in line with expectations. Fairpoint …

Published: 26th January 2015

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Interesting times for brokers / fund managers

The last couple of weeks have been a busy period for several of the listed fund management groups and AIM quoted brokers. Numis Securities and Brewin Dolphin have both reported their full year results, Charles Stanley reported its interims, and WH Ireland produced a trading update. Numis produced strong results for …

Published: 9th December 2014

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Moving up-market

The success of Rathbones strategy is reflected in a doubling of AUM from £13.0bn to £26.3 bn in the last five years, mostly through organic growth. Going forward, the target of a further 50% growth in AUM to $40bn is "challenging" but the reasoning was sound, provided we don't have …

Published: 24th November 2014

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Old kid on the block

Aside from the continuing volatility of markets in recent days, the big news this week in the world of asset managers has been the acquisition of Quilter Cheviot by Old Mutual (OML) for £585 million, or 3.6% of its £16.2 billion of Assets under Management & Administration. This looks a …

Published: 20th October 2014

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