13 May 2021 | 08:29am
StockMarketWire.com - Wealth management services provider Brewin Dolphin reported a rise in total funds in the first half of the year, driven by record fund inflows in Q2 and jump in client investments amid a strong market recovery.
For the half year ended 31 March 2021, funds increased by 10.5% to £52.6 billion year-on-year, with discretionary funds ere up 10.9% to £45.7 billion.
The rise in funds were supported by positive net flows and strong discretionary investment performance of 9.5% (MSCI PIMFA Private Investor Balanced Index: 8.7%), the company said.
Discretionary net flows were up 2.9% to £0.6 billion, with gross inflows of £1.6 billion.
Total income increased by 13.7% to £199.9 million, driven by strong market performance and elevated levels of commissions.
12 May 2021 | 16:07pm
StockMarketWire.com - Brewin Dolphin has appointed Pars Purewal to its board as a non-executive director with immediate effect and will sit on the risk, audit and nomination committees.
Prewal retired as a senior partner of PriceWaterhouseCoopers (PwC) in June 2019 after a career of more than 30 years. His experience included being PwC s UK asset management leader for 10 years and finance partner for both asset and wealth management.
He is a Fellow of the ICAEW and also a non-executive director at Hermes Fund Managers Limited.
At 4:07pm: [LON:BRW] Brewin Dolphin Holdings PLC share price was 0p at 296p
26 April 2021 | 10:22am
StockMarketWire.com - Supermarket chain Morrisons said Paula Vennells had stood down as an independent non-executive director.
Vennells had been on the board since January 2016.
At 10:22am: [LON:MRW] Morrison Wm Supermarkets PLC share price was 0p at 173.7p
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11 March 2021 | 09:17am
StockMarketWire.com - Morrisons has seen pre-tax profits fall more than 60% in 2020, with £290 million relating to covid costs , in spite of a rise in sales and revenue for the high street supermarket chain.
The company reported end of year sales were up 8.6% on 2019 and total revenues had increased 0.4% to £17.6 billion.
Total revenue excluding fuel was up 8.9% as fuel sales slumped 32.1% to £2.49bn during the pandemic.
The company also announced a final ordinary dividend of 5.11p, taking the full-year ordinary dividend up 5.6% to 7.15p and full-year total dividend up 27.1% to 11.15p.
Morrisons expects 2021/22 profit before tax and exceptionals including rates paid to be higher than the £431m profit achieved in 2020/21, excluding the £230m waived rates relief.
11 March 2021 | 16:36pm
StockMarketWire.com - A strong start to the trading day in the US helped the FTSE 100 erase its lunchtime losses to trade 0.2% higher at 6,736.96 by the close.
At 4.30pm UK time the S&P 500 was up 1.4% to 3,954.48 as yesterday s weaker than expected inflation number and the passing of a big US stimulus package helped boost sentiment.
Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to Covid costs , despite a rise in sales and revenue for the high street supermarket chain. Its shares ticked dipped 1% to 175.25p.
Rolls Royce has said its performance in 2020 has been significantly affected by the Covid-19 pandemic as it reported a fall in revenue to £11.8 billion. It advanced 0.8% to 113.9p.