Company
Quilter PLC
LON:QLT
Quilter PLC, formerly known as Old Mutual Wealth Management Limited, is a financial services company formed to take over the UK wealth management business of Old Mutual PLC after its separation of business.
32 stories
Quilter shares fall as first half hit by equity market slump
The wealth manager also left its interim dividend unchanged due to the 'uncertain outlook'
Investments and investor services
Fund managers Quilter and Liontrust see strong inflows
Retail inflows at both fund managers were strong in the latest quarter
Quilter sells international business for £483mln in final piece of restructuring
Most of the £450mln net proceeds from the sale would will be paid to investors
Quilter enjoys stronger finish to year as platform migration nears end
Chief executive Paul Feeney said the new UK platform "will be transformational"
Quilter sees weaker inflows as coronavirus disruption takes toll
Net inflows were flat at £0.1bn in the three months to end September 2020
Quilter sees assets under administration pick-up sharply in the second quarter
The first quarter was a tricky one but things picked up in the second quarter
Citi initiates Quilter at ‘buy’, downgrades Hargreaves to ‘sell’ as it revisits coverage of UK wealth managers
The bank said it was attracted to “the long term structural growth and earnings quality” of the sector, however, they were selective due to “near term headwinds” facing some of the firms
Quilter reaffirms share buyback and final dividend despite 14% fall in assets
Management views the group’s operations as “resilient” and has no intention of changing strategic plans for this year
Quilter completes life assurance disposal, plans to distribute net surplus proceeds to shareholders
The net surplus proceeds from the sale are considered to be £375mln which is available for return to shareholders, in full
Quilter sales fall in third quarter as outflows continue
The wealth management group has seen a 9% increase in total assets under management and administration over the first nine months of 2019
Quilter quits life assurance with £425mln sale to ReAssure
The wealth management group, which was spun out of Old Mutual a year ago, also reported 5% growth in first-half profits
Quilter mulls sale of heritage life assurance business
The company is undertaking a strategic review of Old Mutual Wealth Life Assurance
Tavistock Investments terminates strategic alliance with Lighthouse Group
The group said the termination was due to the indefinite postponement of agreed marketing activities as a result of Lighthouse’s takeover by FTSE 250 firm Quilter
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Old Mutual suspends chief executive following "material breakdown in trust and confidence"
Investors will be hoping that the group will provide more details on the abrupt move at its Annual General Meeting on Friday afternoon to be held in Sandton in South Africa
Investments and investor services
Quilter's assets under management grow even as Brexit uncertainty hurts investor sentiment
“As indicated in our full-year results, net client cash flows have continued to be affected by the challenging markets," chief executive, Paul Feeney, said
Quilter proposes inaugural final dividend after 2018 profit and revenue rises despite tough markets
The FTSE 250-listed firm posted pre-tax profit of £163mln, a turnaround from a £54mln loss the previous year, as one-off charges dropped to £70mln in 2018 down from £263mln in 2017
FTSE 100 edges higher ahead of big Brexit vote
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
Archive
If Theresa's May's plan is voted down again, the Brexit can might be kicked further down the road
Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
Quilter blames weak investor sentiment for drop in quarterly cash flow
"Over the last quarter more volatile investment markets and geopolitical uncertainty have contributed to weaker investor sentiment resulting in a market-wide reduction in net retail flows,” said chief executive Paul Feeney
Finance houses no longer appear to love asset managers; why should you?
Suddenly, it's all the rage for insurance companies to offload their asset management businesses. Does this signify the top of the market?
Quilter shares on the up following maiden results, special dividend
Quilter's CEO believes the company is making progress but is some way from demonstrating its full potential