22 January 2025 - trading update
The fund management group has announced a positive trading update on the year to 31 December with assets under management and administration ending the year up 3% at £511bn. This is very reassuring news with inflows of funds exceeding outflows albeit marginally in the final quarter of the year. This reverses the recent trend of fund outflows and the management at the group are confident of making further progress in their cost cutting programme which will help profits increase. We put the shares up as BUY on 19 December at 136.9p and the recent . . .
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