AJ Bell gains 17% more customers as investors move online
Its first full-year results showed assets under administration up 13% to £52.3bn
Company
AJ Bell PLC
LON:AJB
AJ Bell is one of the UK’s largest providers of online investment platforms and stockbroker services. With more than 111,500 clients and assets under administration exceeding £26.1 billion, we succeed by providing award-winning investment products, backed up with excellent service and online functionality at a low cost. Our head office is in Manchester, and we also own a specialist financial publishing business called AJ Bell Media in London, as well as a stockbroking business in Tunbridge Wells.
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AJ Bell grows assets 6% in third quarter as inflows remain positive
The investment platform’s assets under administration was boosted by underlying net inflows of £1.0bn and defined benefit pension transfers of £0.2bn, together with £1.6bn from market movements
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FTSE 100 closes in red Thursday as ECB update underwhelms
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Numis raised its recommendation on AJ Bell's shares to ‘hold’ from ‘reduce’ and left its target price at 346p.
AJ Bell shares fall after Neil Woodford's former employer Invesco cuts stake
AJ Bell’s shares have performed strongly since it listed on the London Stock Exchange in December 2018.
AJ Bell founder adds to riches as investment platform unveils first dividend since listing
Andy Bell’s 25.5% stake in the company he founded almost 25 years is now worth about £440mln, and he’s in line to receive another £1.6mln when AJ Bell pays out its latest dividend in June
AJ Bell’s first-half profits leap, but investors cash in as new business growth slows
Revenue and profit soared, but a drop in dealing activity and new business won led to some investors cashing out after the stock’s remarkable run
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Stilo putting on the agony after a profit warning
A look at the day's major movers, including Aura Energy, Hydrogen, AJ Bell, Mitchells & Butlers, Mucklow, Georgia Mining and Enquest
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United Utilities and Intertek Group to be in focus on a busy Thursday
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
AJ Bell sees interims beating market expectations after strong second quarter
“Trading in the second quarter of our financial year remained robust despite continued weak investor sentiment,” said AJ Bell chief executive Andy Bell
AJ Bell's assets slip as stock markets wobble
Funds under management dropped 4% to £44.2bn even though the group’s investment platform pulled in a £600mln of net new money
AJ Bell hits the right note on its market debut
A look at the day's major movers, featuring AJ Bell, Genus, CyanConnode, EVR Holdings, Quadrise Fuels and ImmuPharma
AJ Bell shares soar on first day trading after investment platform provider IPOs at 160p a share
In afternoon trading, the stock was changing hands at 219p each, just below the session peak of 224p, against the IPO price which was bang in the middle of the target range of 154p to 166p