Hints and tips:
...David McCann, an analyst at Numis, noted that a large portion of the fund group’s investors were “not well engaged”, with most of them constituting retail investors and passive funds....
...David McCann, an analyst at Numis, said he had a “negative stance” towards Ashmore based on “the weak medium to long-term investment performance”, which he said could “weigh on flows for the foreseeable...
...However, David McCann, analyst at Numis, said there was “a lack of obvious strategy or catalyst to return the group to net inflows”....
...Numis analyst David McCann said that many Man Group strategies had seen a good start to the new year....
...Meanwhile, cutting the dividend and the provision makes some sense in terms of responsible financial management....
...He previously worked for Deutsche Numis. Paul Hastings has hired Tom McKay as a partner on its financial restructuring team in Europe....
...“The ongoing strategy to reposition the group . . . is the right one,” wrote David McCann, analyst at Numis, on Thursday....
...Deutsche Bank paid £410mn for larger local peer Numis back in April....
...Analysts at Numis noted that revenue was £2mn ahead of consensus, adding that “investment in transforming the tech is progressing according to plan”....
...IPOs, equity raisings and takeovers are the lifeblood of firms such as Numis, whose rivals include Peel Hunt....
...David McCann, analyst at Numis, said: “Whilst it is encouraging to see that Jupiter have taken some steps to mitigate Ben’s departure, we note the scale of assets under management involved and the likelihood...
...It also has £14bn of excess liquidity, enough to cover 150 per cent of 30-day outflows from its deposits, notes Numis....
...The company is made up of three parts: asset management, a financial advice business and a platform aimed at retail investors....
...One drag on the financial results was a €233mn writedown on the book value of London-based boutique investment bank Numis that Deutsche bought late last year for £410mn....
...Pessimists fear Brexit is turning the modern financial district into a legacy ruin too....
...In April, Deutsche Bank agreed to buy the UK broker Numis for £410mn. Panmure previously held merger talks with FinnCap before negotiations collapsed in November 2022....
...The Financial Conduct Authority has repeatedly warned wealth managers to ensure consumers are receiving value for money when they pay for financial advice, and this month it said it may crack down on high...
...It’s not even that important to Numis....
...However, shares in the group rose more than a tenth on Tuesday after the company said it had resolved two overhanging financial issues....
...“We increasingly have to question how well SJP will monetise that opportunity,” said David McCann, analyst at Numis....
...“While the new targets are hardly standout, they are better aligned with shareholders,” said Jonathan Pierce, an analyst at Numis....
...In an email to employees on Wednesday, seen by the Financial Times, Bird said the changes would remove management layers, increase efficiency and reduce cost....
...Numis itself reported a 72 per cent drop in 2022 full-year profit on revenue down 33 per cent....
...risks to the financial system....
...“The new financial targets are, to say the least, ambitious and likely to take the spotlight,” said Numis analyst Jonathan Pierce. “The big question is whether the market believes the revenue target.”...
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