Due to significant acquisition activity in 2014, H115 saw significant year-on-year growth in funds under management (18.4%), revenues (19.1%) and underlying PBT (27.0%). H115 inorganic and organic growth has slowed, the latter reflecting market volatility, uncertainty over the UK election and a concentration on bedding-in acquired business. However, margins have remained strong (although may be affected in H2 by ongoing strategic investments). Management’s outlook is cautiously optimist
30 Jul 2015
Interim results: looking forward
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Interim results: looking forward
Rathbones Group PLC (RAT:LON) | 1,547 371.3 1.6% | Mkt Cap: 1,402m
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30 Jul 2015 - Author:
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Due to significant acquisition activity in 2014, H115 saw significant year-on-year growth in funds under management (18.4%), revenues (19.1%) and underlying PBT (27.0%). H115 inorganic and organic growth has slowed, the latter reflecting market volatility, uncertainty over the UK election and a concentration on bedding-in acquired business. However, margins have remained strong (although may be affected in H2 by ongoing strategic investments). Management’s outlook is cautiously optimist