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(Sharecast News) - Investment management firm Man Group reported an improvement in assets under manager in the first quarter, according to a trading update released on Friday.
The company said AUM totalled $175.7bn by 31 March, up from the $167.5bn reported at the end of the 2023 financial year.
The increase was a result of a $9.8bn positive swing in investment performance, slightly offset by $1.6bn in net outflows.
In terms of product categories, notable increases in AUM were recorded for 'Japan equity', 'credit and convertibles' and 'global equity'.
In corporate news, retailer JD Sports Fashion said it expected full-year profits to be within guidance of £915-935m and said the current year would be "challenging" due to less product innovation and more discounting, but forecast this to moderate with the Paris Olympics and European football finals in the summer.
SPT futures are up ,
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I have got 10% more than i hoped for , excellent day
CMC Markets sees FY operating income at top end of guidance
Mary no one is buying your theory mate, you do love your sound of voice ,lol
Southend Airport owner Esken who also owns Eddie Stobart falls into administration,how the f... that happened.
Mary , please translate, lol
JD Sports was down 4% after Nike (NYSE:NKE) warned that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world's largest sportswear maker scaled back on franchises to save costs.