Rathbones: Pre-tax profits rise by 72.9% in annual results
Underlying profit before tax jumped from £127.1bn to £227.6bn, marking a 79.1% increase
Author: Lauren Hardy
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Schroders appoints Wealth Management CEO
Oliver Gregson will take over from Mary-Anne Daly in June 2025
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UK unemployment rate holds steady at 4.4%
Marginally below the Bank of England’s forecast of 4.5%
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‘Momentum remains dismal’: UK GDP increases by 0.1% in Q4 2024
An upside surprise versus consensus forecasts of a 0.1% fall
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St James’s Place sees £4.3bn of net inflows amid ‘successful year’
Gross inflows stood at £18.4bn, compared with £15.4bn in 2023
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US bond market to ‘stay under pressure’ as US Federal Reserve holds rates
The decision to hold interest rates at 4.25-4.5% comes one week after US President Trump demanded a rate cut
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AJ Bell Investments sees 38% AUM increase in Q3 trading update
Total AUM surpassed £7bn for the first time
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Premier Miton Group sees £33m net outflows in Q1 AUM update
CEO Mike O’Shea said the most recent results show a ‘noticeable improvement’ in flows
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‘The Chancellor has a large task ahead’: UK GDP rises by 0.1%
While construction output increased by 0.4% in November last year, production output fell by 0.4%
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‘Not out of the woods yet’: UK inflation falls by 10 basis points in December
The CPI fall to 2.5% came in slightly below consensus forecasts
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Impax full-year results: Net outflows reach £5.8bn but AUM remains steady
Outflows increased by 6,204% compared to 2023
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Apax Funds to buy Evelyn Partners’ accountancy and advisory business
Will become a stand-alone business rebranded as S&W