Jupiter Fund Management profits and assets fall as Brexit uncertainty hurts investor sentiment
Jupiter Fund Management lowered its dividend by 13% to 28.5p each
Company
Jupiter Fund Management PLC
LON:JUP
Jupiter is an established fund management group that seeks to add value for our clients through the delivery of outperformance over the medium to long term. Our origins go back to 1985 as a specialist investment boutique founded in London. Since then we have expanded beyond the UK as retail and institutional investors have been attracted to our active approach to asset management.
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FTSE 100 closes down on week but higher on Friday as trader optimism returns
Footsie closed the day 32 points up, or 0.45% at 7,106
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City set for surprisingly busy Friday with WPP, Rightmove and William Hill all due up
Fridays are normally quiet affairs in the City, but not this week…
RSA poaches Jupiter Fund Management finance chief for CFO role
The FTSE 250 insurer said that Charlotte Jones would take up the role in August, upon which she would leave her role at Jupiter
Jupiter Fund Management names former Henderson boss Andrew Formica as CEO from 1 March
Formica was, until 2018, the co-CEO of Janus Henderson Group having previously been the chief executive of Henderson Group between 2008 and its merger with Janus Capital in 2017
Jupiter Fund Mgmt. gains although assets under management fall, net outflows increase in fourth quarter
In a brief fourth-quarter trading update, the FTSE 250-listed investment firm said its AuM as at 31 December 2018 were £42.7bn, down from £47.7bn at the end of September
Schroders posts increase in third quarter assets, led by institutional demand
The recent performance of assets managers has been mixed as Brexit uncertainty and concerns global trade and political tensions weigh on investor sentiment
Jupiter and Hargreaves Lansdown results underline impact of weaker investor sentiment
Brexit uncertainty and concerns over growing global political and trade tensions have weighed on investor confidence recently
Jupiter Fund Management sees bigger than expected first-half net fund outflows, says operating environment challenging
The FTSE 250-listed firm revealed net outflows of £2.3bn in the six months to June 30, having notched up net inflows of £3.6bn in the same period a year earlier
FTSE 100 closes higher, boosted by earnings and weaker pound
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
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BT investors 'flying blind' as it reports first quarter results without net adds
Jefferies reckons the key focus for BT's quarterly results will be on the business and public sector division following a poor performance last year
Investments and investor services
Ashmore has a strong fund performance track record, says Barclays
Barclays has upgraded its recommendation on Ashmore but downgraded Jupiter in a note to investors on European asset managers
Jupiter Fund Management dives after tough first quarter
Jupiter continues to target further diversification by product, client type and geographic reach as the driver for continued growth in its business
Investments and investor services
FTSE 100 closes firmly higher as metals prices, sterling help
FTSE 100 gained support from higher metals prices and a slide in sterling on Wednesday to close higher
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Bunzl expected to report solid organic sales growth
Updates are expected from Bunzl, Countryside Properties and Jupiter Fund Management, among others
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High street issues to the fore as Debenhams, JD Sports, and Primark owner AB Foods provide updates
Week Ahead includes trading statements from Primark owner Associated British Foods, Debenhams, and JD Sports, plus Q1 numbers from Unilever, Reckitt Benckiser and Rentokil Initial
Schroders posts strong full-year results, boosted by market gains, acquisitions, fund inflows
The blue-chip fund manager reported a 23% jump in 2017 pre-tax profit to £760.2mln, up from £618.1mln and above the consensus forecast for £728.5mln
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
UBS downgrades Jupiter Fund Management to ‘sell’ as it expects shares to suffer a de-rating
UBS said they downgraded Jupiter’s rating because they expect lower inflows as a result of the recent outflows from the company’s Dynamic Bond fund
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Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC