- My Account
- Logout
- Register
- Login
Brewin is still confident after funds leap by 13%
Related Articles
01 October 2010
It said that commission levels in its final quarter of the year which ended last week had almost reached the record levels seen in the fourth quarter of 2009.
Chief executive Jamie Matheson said: "While our clients are naturally not over-enthusiastic about the current economic climate, they remain pragmatic. They are long-term investors, whose primary interest is in dividends." That became particularly clear when BP was forced to suspend its payout after the Gulf oil rig disaster.
Matheson said: "That decision has been hurtful to private investors and pension funds alike. Butthis is not a long-term crisis and it is welcome news that BP is looking to returning to dividend payments in the not too distant future."
Brewin, which manages £23 billion on behalf of private investors, charities and pension funds said growth in discretionary funds it manages had been 10.8% in real terms, well ahead of its stated target of 5% growth.
The shares jumped 10%, or 7.7p, to 142p.
Comments
Top stories in Business
Top stories in Business
-
No end to Tube nightmare as commuters warned of MORE chaos tonight
-
Double dip recession is worse than feared as UK faces ‘hurricane’
-
They attacked "like a pack" raining fists on a defenceless legal secretary. Yesterday they walked free from court. No wonder their victim says she has been denied justice.
-
Mayor demands report from Transport for London into Jubilee Line nightmare that left hundreds of commuters trapped for hours underground
-
Author Will Self flees with his children after roof of £1million Georgian Stockwell townhouse collapses
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Cannes Film Festival - in pictures
Biggest ever image of the Queen, and she also appears made out of stamps, cheese and BEER
Man v Woman v Food: the big burger challenge
New kids from the Bloc: new wave of Russians settling in London
London drug dealer pictured himself with bags of cannabis and wearing crown of £20 notes
BarChick: Janet's Bar