Miton shares leap 10 per cent as asset manager reports 70 per cent profit jump and management shake-up

There have been two large tie-ups announced in recent months at the top end of the asset management industry, between Henderson and Janus and Aberdeen Asset Management and Standard Life.Asked if he expects consolidation at his end of the market, Barron said: “From our perspective, we can thrive as an independent firm. We’ve got financial strength, we’ve got a good market position, we don’t need to take a lot of market share off other people to grow.“I think there may be others who want to look at that, but… if you have distinctiveness and you run your firm sensibly with good cost control, I think there’s still a good future for independent small firms.”Read more: Jupiter boss plays down M&A rumours: “We’re not looking to be acquired”What the company saidDighé added: Miton shares leap 10 per cent as asset manager reports 70 per cent profit jump and management shake-up More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com William Turvill whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBedtimezMan Gives Girlfriend A Necklace, 2 Years Later She Screams When She Realizes What’s InsideBedtimezanymuscle.comDiabetes and kidney failureanymuscle.comLas Vegas Real Estate | Search AdsReal Estate Prices in Las Vegas Might Surprise YouLas Vegas Real Estate | Search AdsArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles SkillWeniixTop 5 best sports cars 2021 – WENIIXWeniixFitSavage18 Stretches to prepare you for doing the splitsFitSavageHotPopToday25+ Hilarious Boating Fails Just Don’t Make SenseHotPopTodayhttps://recipesdreams.comTOP 10 simple recipes to recycle overripe bananashttps://recipesdreams.comHorizontimesRemember Her? Wait ‘Till You See Her NowHorizontimes Thursday 16 March 2017 3:52 pm The business has demonstrated its resilience with momentum regained since the half year. Gross sales during 2016 were in excess of £1.1bn which is a testament to the quality of our fund management team and a differentiated and attractive product offering.Over the past year, Miton has continued to build its distinctive identity as a genuinely active fund manager. The acceleration of our growth over recent quarters underlines our confidence in our prospects. Miton has an outstanding team, and along with a maturing range of funds, having reached £3,097m AuM at the end of February, we look forward to 2017 and beyond. Adjusted pre-tax profits for the year were up 70 per cent to £5.1m. The asset manager proposed a dividend of 1p, up 49 per cent.Miton’s share price leapt 10 per cent to 41p on Thursday after reporting the results and announcing changes in senior management.Read more: Brexit challenger Gina Miller attacks active fund management industryWhy it’s interestingExecutive chairman Ian Dighé today said that he would be stepping down to become non-executive chairman. In another move, David Barron has assumed the position of interim chief executive.Barron told City A.M. he was pleased with a “strong set of results” and believes there is a “growing momentum in the group”. whatsapp Fund manager Miton’s share price leapt 10 per cent today as the company announced a 70 per cent jump in profits and a senior management shake-up.The figuresMiton’s assets under management (AUM) at 31 December were £2.91bn, up from £2.78bn a year before. Share

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