Brief: Rathbones Group Q1 FUMA Declined 4.7% To £104.1 Bln
08/05/2025 07:37
May 8 (Reuters) - Rathbones Group PLC RAT.L: PLC - FIRST QUARTER TRADING UPDATE FUMA DECLINED 4.7% TO £104.1 BILLION AT QUARTER END : GROSS INFLOWS TOTALLED £2.7 BILLION IN Q1 GROSS INFLOWS TOTALLED £2.7 BILLION IN Q1 (Q4 2024: £3.2 BILLION) Q1 NET OPERATING INCOME 220.1 MILLION POUNDS WHILST WE CONTINUE TO INVEST TO SUPPORT GROWTH OPPORTUNITIES AND DELIVER SYNERGY BENEFITS, WE WILL BE LOOKING TO MANAGE OPERATIONAL COST LEVELS ACTIVELY TO MITIGATE THESE EFFECTS ON PROFITABILITY AS MUCH AS POSSIBLE. : MAJORITY OF REMAINING COST SYNERGIES EXPECTED TO MATERIALISE IN H2, FOLLOWING COMPLETION OF MIGRATION IN H1 NET OUTFLOWS IN INVESTEC WEALTH & INVESTMENT UK (IW&I) CONSISTENT AT £425 MILLION (Q4 2024: NET OUTFLOWS OF £409 MILLION) Source text: ID:nRSH7491Ha Further company coverage: RAT.L ((Reuters.Briefs@thomsonreuters.com;))