Rathbone Brothers FY Pre-tax Profit Rises
LONDON (dpa-AFX) - Investment and wealth management services provider, Rathbone Brothers Plc (RAT.L) reported that its profit before tax for the year ended 31 December 2020 rose to 43.8 million pounds from last year s 39.7 million pounds, reflecting a number of expected items, primarily in relation to the acquisition of Speirs & Jeffrey.
But profit attributable to equity holders of the company for the year declined to 26.65 million pounds or 47.6 pence per share from 26.92 million or 48.7 pence per share in the prior year.
On an underlying basis, earnings per share were 133.3 pence in 2020, compared to 132.8 pence in 2019.
Net interest income for the year dropped to 8.42 million pounds from 16.41 million pounds in the prior year. Net fee and commission income was 353.75 million pounds down from 328.97 million pounds in the previous year.
Rathbone Brothers FY Total FUMA Up 8.6%; Names Clive Bannister Chairman Designate
LONDON (dpa-AFX) - Investment and wealth management services provider, Rathbone Brothers Plc (RAT.L), Tuesday, in its update for the year ended December 31, 2020, reported 8.6 percent growth in total FUMA, reflecting strong market movements and investments as well as continuing net inflows. The Group also announced the appointment of Clive Bannister as its new Chairman Designate.
The Group s Funds Under Management and Administration or FUMA totaled 54.7 billion pounds at December 31, 2020, an increase of 8.6 percent over 50.4 billion pounds at December 31, 2019.
Total net inflows across the group in 2020 were 2.1 billion pounds, compared to 0.6 billion pounds in 2019. While gross organic inflows stood at 3.3 billion pounds, acquired inflows were 0.6 billion pounds in investment management.