Whether it be bitcoin, tulips or stocks, it’s hard to stand out in a bull market. This week saw some rather good results from wealth and fund managers on the London market, much of which was – as ever – outside of their control. Consider the growing assets managed by Impax Asset Management (IPX, our analysis here), or Premier Asset Management (PAM, our analysis here), or those under discretionary management at Brewin Dolphin (BRW, covered here).
If equity markets do turn around, we will find out whether the assets of the wealth managers such as Brewin do indeed prove ‘stickier’ than those managed by the third-party fund houses. Though the latter camp talk a good game about falling prices allowing them to demonstrate their worth, that is definitely not their preferred scenario.
Elsewhere, our deputy companies editor Mark Robinson took a close look at packaging maker RPC (RPC), which has been the subject of some unwelcome attention this year regarding its strategy. The company’s first-half results go some way to support the company’s buy-and-build approach, Mark argues, focusing on the cash flow rather than the margins. That’s here.
Don’t miss this analysis of Centrica’s (CAN) dividend from our utilities specialist Tom Dines, or this from our retail guru Harriet Russell on what the collapse of wholesaler Palmer & Harvey means for its listed partners.
There’s plenty more below from the late November flurry, and at our website in the shares section. Follow the IC on Twitter here.
