UK's Rathbones gains on higher HY managed funds, first buyback

Rathbones

30/07/2025 09:07

** Shares of British wealth manager Rathbones RAT.L up 3.4% at 1,924p

** RAT reports funds under management and administration of 109 bln pounds ($145.63 bln) as at June 30, 2025 compared with 104.1 bln pounds in Q1

** Approves first share buyback programme of up to 50 mln pounds

** Company expects FY25 profits to be “in line with market estimates” given the better starting point for FUMA at the start of H2, said analysts at Panmure Liberum in a note

** RAT reports HY adj pretax profit 107.7 mln pounds vs 112.2 mln pounds year ago

** As of last close, stock up 12% YTD

($1 = 0.7484 pounds)

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))