Financial Highlights

A strong first half.

Paul Stockton, chief executive, said:

"An acceleration of net inflows in the second quarter helped our funds under management and administration reach £49.4 billion at 30 June 2020, down 2.0% over the half year against a backdrop where the FTSE 100 index decreased by 18.2%. Total net inflows were £1.3 billion in the first half, representing an annualised growth rate of 5.3%, while Investment Management generated annualised net organic growth of 1.4%. Our Unit Trusts business delivered another outstanding performance with net inflows of £0.6 billion, 68.7% ahead of the first

Each quarter we produce a market review based on the key themes discussed at our Strategic Asset Allocation Committee. This quarter's key themes include:

1. Let’s get political: Market uncertainty and the general election
2. What’s in a number? Disinflationary boom or deflationary bust?
3. Pick a winner: Selective opportunities in emerging markets
4. A world of two halves: Global monetary policies are diverging
5. Sliding down: Lower oil prices create winners and losers

Read the key issues shaping current investment strategy.

If you would like more information on news items, please call Sophie

Rathbones charity team has been shortlisted for the ‘Asset Manager of the Year’ award at the Better Society Awards that will take place in May. The London-based investment firm, which has been operating across the UK since 1742, has been recognised for its work within the charity sector, as well as its ongoing focus around ethical investment.

Organised by the Better Society Network and now in its second year, the Better Society Awards reach out beyond the horizons of any one sector to assess and reward those who are helping to create a better, more equal, ethical and sustainable world.



The

Philip Howell, Chief Executive of Rathbones Group Plc, said:



“The first half of 2018 has been a busy one for Rathbones as we progressed a full project agenda and announced the acquisition of

Speirs & Jeffrey whilst maintaining our focus on day-to-day operations. We remain confident in the outlook for the business.”

Highlights:

 

• Underlying profit before tax* increased 11.5% from £43.3 million to £48.3 million in the first six months of 2018. Underlying profit margin remained strong at 31.5% compared to 30.4% in 2017. Underlying earnings per share increased 11.3% to 76.1p (2017: 68.4p).
• P

Rathbones has partnered with Jazz FM to bring you close to the music and artist with exclusive performances by the best new acts in jazz.

Responsibility is at the core of our values as we invest for everyone’s tomorrow. That means doing the right thing for our clients, employees and other stakeholders too. Now more than ever we recognise the need to provide support in the fight against COVID-19. We are pleased to demonstrate our support for the C-19 Business Pledge alongside many other businesses, committing to working together to support our people, our clients and communities.

Our people

Rathbones has over 1,500 employees across the UK and Jersey, most of whom are now successfully working remotely. We have identified some