Investment managers, in threes

A recent dearth of news items on wealth managers / stockbrokers, and then like London buses three came along in a week. First, WH Ireland announced two contract wins for its Isle of Man office; then Wednesday brought a disappointing IMS from Rathbone, recognising that the first quarter had been …

Published: 23rd May 2016


Return to growth

Hiscox's pre-tax profits for 2015 of £216m were only 6% lower than those for 2014, quite impressive in a soft market. While some of this can be attributed to good fortune in terms of the relatively low level of natural catastrophes (Hiscox Re achieved a profit margin > 50% for …

Published: 7th March 2016


Plenty of seasonal cheer

Brewin Dolphin's latest year to end-September has not been an easy one and most forecasts were reduced in October (by which time they were, presumably, 'hindcasts'). However, after Charles Stanley's disappointing interims (see later) last week, there was a collective sigh of relief when "adjusted" profits were reported to be …

Published: 3rd December 2015


Stockbrokers/asset managers

The UK equity market appears to have recovered from a turbulent period in August, but the share prices of many of the (private client) Asset Managers, and the institutional (corporate) stockbrokers, have not. In this note we look at recent news & sentiment affecting the wider quoted sub sector. Our note …

Published: 29th October 2015


A paucity of catastrophes

Lots of news in recent days in the Financials arena from Lloyds Insurers, fund management groups and the stockbroking community. Hiscox, Beazley and BRiT have all released news in recent days: Hiscox in particular saying that "a paucity of catastrophes" has benefitted its numbers. Likewise many of the quoted fund managers …

Published: 31st July 2015


Meanwhile, behind the headlines

One of the Sectors seen as the biggest beneficiaries of last week's UK Election result is the Financials sector. Within that, the "quoted stockbrokers" must be perceived as one of the main winners, as it should extend the positive market for IPOs on both the LSE full list and on …

Published: 13th May 2015