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Pitt and Aitken join Kensington

Former Beacon Homeloans director Brian Pitt has joined Kensington along with former SPML director of credit Stuart Aitken. The pair will look at strategic opportunities in the specialist lending sector.

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Mackay leaving Allfunds Bank

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Schroders boosts underlying group profits

Schroders reported group profits before tax of 132.3m for the six months to June 30, up from 123.5m last time.Asset management profits before tax were down slightly to 96.8m compared to 99.8m last year although asset management revenue increased by 21 per cent to 377.3m. The company says the increase was driven by higher margins […]

F&C losses hit 29m

F&C Asset Management made a loss of 29.2m in the first half of this year after seeing significant institutional outflows. The firm lost 2.83m in the same period last year. Funds under management at June 30 were 107bn compared with 131bn at the start of the year despite strong retail market inflows which increased by […]

Pos Sol announces 70 per cent increase in profit

Positive Solutions has announced a 70 per cent increase in operating profit, from 3.6m to 6.1m, for the six months to 30 June 2006.The firm says it is on track for turnover to exceed 100m this year for the first time after turnover reached 48m for the first six moths of the year.Pos Sol announced […]

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