Brief: Allfunds Announces New Partnership With Google On AI Innovation

Allfunds

23/04/2024 06:50

April 23 (Reuters) - Allfunds Group PLC  ALLFG.AS :
    * PUBLISHES ITS 1Q 2024 TRADING UPDATE AND ANNOUNCES A
PARTNERSHIP
WITH GOOGLE TO DRIVE AI INNOVATION
    * TOTAL ASSETS UNDER ADMINISTRATION (‘AUA’) INCREASED BY 4%
SINCE
DECEMBER TO €1,433 BILLION, REPRESENTING A 7% INCREASE
YEAR-ON-YEAR
    * IN 2024, ALLFUNDS’ OUTLOOK IS POSITIVELY CHARGED
    * Q1 TOTAL NET REVENUES OF €153 MILLION, REPRESENTING A 18%
INCREASE YEARON-YEAR AND 4% QUARTER-ON-QUARTER
    * DURING THE FIRST QUARTER, WE ARE REACHING A TURNING POINT
IN
FLOWS  FROM EXISTING CLIENTS, WHICH HINTS AT AN ANTICIPATED
RECOVERY

Source text: tinyurl.com/2nwhk7w9
Further company coverage:  ALLFG.AS 

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