Today news
About the same in other media
Somerset Capital profits halved to £4.1m before winding down
Reading now: 818
investmentweek.co.ukIn its annual report and financial statement for the period, the company posted an operating profit of £4.1m, down from £9.1m the year prior – around a 55% drop. Somerset Capital Management funds seek new home as firm set to close following SJP redemptions Net profits suffered a similar fall, from £6.5m to £3m, while turnover dropped from £23.5m to £16.6m last year. Somerset Capital revealed it would be winding down the business in December 2023, after St James's Place decided to sever ties with the firm, resulting in a loss of more than 70% of its assets, from $3.5bn to $1bn. A...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Small-cap stock below ₹10: Standard Capital board to consider dividend, fundraise next week livemint.com /2 weeks ago
Cboe to Wind Down Spot Crypto Trading Platform to Consolidate Services cryptonews.com /2 weeks ago
Polychain Capital Leads $38 Million Investment in Movement Labs to Integrate Facebook’s Move onto Ethereum cryptonews.com /2 weeks ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
