Rathbones underlying profit before tax of £107.7m declined year-on-year in the first half of 2025 (H1 2024: £112.1m), driven by market volatility in Q1.
Statutory profit before tax was £62.3m for H1 2025, down from £65.3m in H1 2024. The wealth and investment management group nevertheless stated that it expects its full-year results to be in line with market forecasts, bolstered by synergy benefits following the completion of its Investec Wealth & Investment (IW&I) client and asset integration and by a stronger funds under management and administration (FUMA) position from H2. The group booked £23.2m in integration-related costs for the half. Acquisition and integration costs "will decline substantially" in 2026, Rathbones predicted. ...
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