Liontrust nears £10bn milestone with Alliance Trust deal
The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn ($2.9bn, €2.7bn) to Liontrust’s assets under management, pushing it past the £8bn mark.
Numis
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Hargreaves Lansdown reports inflows up 23%
Hargreaves Lansdown’s first half net inflows were up 23% on last year to £2.77bn, according to the company’s half yearly report.
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Third finance minister in five days lifts SA focused financials
South African President, Jacob Zuma’s decision on Sunday to name the country’s third finance minister in five days, saw the country’s currency and Johannesburg and London-listed financial stocks rebound sharply in early trade on Monday.
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Regulatory uncertainty frustrates pace of robo-advice growth
Continued regulatory uncertainty is and will continue to frustrate the growth of the robo-advice industry in the UK, says Numis’ analyst David McCann.
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Schroders reports 18 jump in Q3 profits
Schroders reported an 18% rise in profit before tax for the three months to 30 September, on the back of continued net inflows that outweighed the negative impact of a stronger sterling.