British wealth manager Brooks Macdonald gains on positive flows
09/07/2026 09:46
BUZZ-British wealth manager Brooks Macdonald gains on positive flows ** Shares of British wealth manager Brooks Macdonald Group BRK.L up as much as 6% to £14.1
** Net flows turn positive to £226 million for FY26 compared to net outflows of £396 million in FY25
** BRK posted net inflows of £167 million in Q4, its strongest quarter of the year, from net outflows of £5 million in prior-year quarter
** Board anticipates full year 2026 financial performance to be in line with market expectations
** Peel Hunt analysts note that "while flows are better, headwinds remain with respect to mix" and that "further delivery will be required to drive stronger profit growth"
** YTD, stock down 13.8%
(Reporting by Anushka Chourasia in Bengaluru)