Close Brothers Group saw profits in its asset management arm increase by 8% to £9.1m in the six months to the end of January, reflecting rising net inflows and "favourable" trading conditions.
Excluding OLIM Investment Managers, which was sold in November, and its corporate business sold in 2016, Close Brothers said its asset management saw underlying profits increase 26% to £7.2m over six months...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points