Henderson Group published its first quarter trading statement for the three months to 31 March on Wednesday, with assets under management at period end increasing to £103.1bn, which the board said was driven by positive investment performance and foreign exchange gains.
Henderson Group published its full year results for the year to 31 December on Thursday, with assets under management at year-end up 10% to £101.0bn.
Whitbread: HSBC reiterates Buy with a target price of 4800p
Ahead of their agreed merger, Henderson Group and Janus Capital have both confirmed they will pay their shareholders an extraordinary dividend
The financial watchdog is planning a tougher clampdown on UK asset management companies as it feels the sector has enjoyed big profits for many year by not competing very hard on prices and fees, though analysts said the industry will breathe a sigh of relief at the lack of bite from the report.
Should I stay or should I go? In the case of investors in Henderson Group mulling whether to bail-out ahead of the proposed merger with Janus Capital, The Times´s Tempus recommended the former option.
Henderson Group reported a 6% rise in assets under management in the third quarter, but retail outflows of £1bn, which it said coincided with the UK's vote to leave the European Union.
Henderson Group lit a fire under listed fund managers after agreeing to a $6bn tie-up with US-based rival Janus Capital, alongside a proposal to cancel the company's FTSE 250 listing, although the Australian listing will be kept.
ITV shares were at the bottom of the pile after analysts at Barclays lowered their target price on the stock from 200.0 to 190.0p.
Henderson Group has agreed a $6bn "merger of equals" with New York-listed fund management peer Janus Capital, with a proposal to cancel the FTSE 250 company's London listing.
Henderson Group published its interim results for the six months to 30 June on Thursday, with assets under management up 3% to £95.0bn when compared to the start of the period.
Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a 'buy' rating and lifted its target price to 310p from 300p.
Henderson Group's shares fell on Wednesday as RBC Capital downgraded its rating on the stock to 'underperform' from 'sector perform' and lowered its target price to 210p from 270p.
Centrica: Berenberg reiterates buy with a target price of 230p.
Henderson Global Investors, Canada Life and Columbia Threadneedle have joined the queue of property funds suspending trading amid acute Brexit fears, lining up behind Aviva, M&G and Standard Life.
Henderson Global Investors reportedly suspended dealings in a £3.9bn UK property fund, becoming the fourth financial outfit to do so this week.
Investec downgraded its stance on transport operator Go-Ahead to 'add' from 'buy' and cut the price target to 2,500p from 2,800p following the company's full-year pre-close trading update.
Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p.
All the asset managers were facing a difficult second quarter, but a combination of several smaller factors unique to Henderson Group led broker Exane BNP Paribas to downgrade its recommendation on the shares.
Global investment management company Henderson Group announced on Wednesday its intention to start its on-market share buyback programme on 1 June.