Company
Record PLC
LON:REC
Founded in 1983, Record PLC have grown from a currency and derivatives specialist into a comprehensive multi-asset manager, providing a broad range of strategies and expertise to large institutional clients globally.
77 stories
Record CEO to retire as half-year profit slumps
The asset manager has increased its interim dividend
Record Plc net inflows jump in Q2
"Sustained uncertainty in financial markets continues to have only a limited impact on the value of some clients' underlying portfolios in our traditional business for currency products and services," said CEO Leslie Hill
Record more than doubles net inflows in Q1
The currency and derivatives manager's net inflows were up 150% in the three months to the end of June
Record sees strong growth in management fees
"The year has provided an outstanding set of results, which underlines the confidence shown by the board in the new strategy and the leadership under Leslie Hill and her senior team," said chair Neil Record
Record says assets under management rose in past year
"We closed the financial year with AUME at US$83.1bn, an increase of US$3bn (+3.7%)", said CEO Leslie Hill
Record sees inflows for higher margin products in final quarter of 2021
Fee rates remained broadly unchanged from the previous quarter. No performance fees were earned in the quarter, Record said.
Record PLC expands further into European market with new municipal loan fund
The currency manager said the fund aims to achieve returns of 60 basis points over Euribor by investing in short-term loans to European municipalities
Record lifts dividend as first-half revenues and profits jump
"The benefits of our change in approach to partnering with other third-party specialists can be seen across all areas of our business,” CEO Leslie Hill said
Record to launch German focused investment product as client numbers grow
News of the product, being developed in collaboration with a new EU partner, was announced as part of a "positive" third-quarter trading update
Record benefits from diversification strategy
"Total net inflows of US$1.8bn were represented by inflows into both Currency for Return and Passive Hedging of US$0.9bn each, and were further bolstered by positive market movements of US$1.3bn
Record raises special dividend as it prepares to launch sustainable finance fund
Assets under management equivalents grew 23% to their highest ever level of £58.1bn
Record enjoying good growth as its diversifies its offerings into higher-margin areas
The specialist currency and derivatives manager is committed to adopting new technology to drive growth
Record sees assets under management hit record level
The last quarter of the fiscal year saw assets under management equivalent grow by 7%, with net inflows of US$4.9bn. Client numbers rose by 10% during the quarter
Record notches up all-time record levels of currency assets
Results of investment in efficiencies and technology are expected to be seen over the final quarter and into the next financial year
Record continues to grow currency assets
The currency hedging provider had 74 clients at the end of the quarter, up from 72
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BigDish the hardest hit of the hospitality sector shares
A look at some of the major movers in London on Monday
Record reports higher AUME as first quarter benefits from favourable market movements
The currency manager also said it has appointed a third party distributor in the quarter to expand its US distribution capability, while post-quarter it has launched its dynamic macro strategy with plans to advance more products
Record sticks with its policy of paying special dividends
The specialist currency manager remains cash generative
Record highlights new business momentum in Q3
Some US$1bn of a US$2.5bn inflow into the specialist currency manager came from one client's ‘tactical bespoke mandate’
Investments and investor services
FTSE 100 closes in positive territory as US stocks continue strong showing
FTSE 100 up nearly 16 points at the closing bell, US stocks in the green at midday New York trading
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Big Yellow investors hope for rebound in first quarter after muted end to 2019
The day ahead includes trading updates from Big Yellow and Close Brothers
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easyJet tipped to warn on profits amid challenging short-haul airlines market
It looks set to be a busy week of corporate announcements and UK economic data
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
Record posts drop in quarterly assets under management amid market volatility
“With our diversified product suite and our ability to offer tailored solutions, we aim to make further progress in the rest of this financial year and the next," said Record boss James Wood-Collins
Record shares on the up after resilient first half performance
The currency manager said first-half profits rose 5%, while margins remained resilient at 32% compared
Investments and investor services
FTSE 100 closes in the red as oil price slide weighs on resource stocks
The UK blue-chip benchmark closed down around seven points at 6,952
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Fuller's to be toast of the city on Black Friday
Fullers aside, it looks set to be another quiet Friday in London, with most of the City out bagging some deals in the Black Friday sales
Essentra dips after mixed trading update, Dechra Pharma trots up on acquisition news
A look at some winners and losers in UK equity trading during Friday's session
Record shares decline as it posts dip in quarterly assets on client outflows
Record warned that it would lose seven clients in the current quarter as passive hedging mandates for two commercial relationships have been terminated
FTSE 100 closes ahead as US earnings season gets off to strong start
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
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Provident Financial Group to be among Friday’s few likely corporate highlights
Aside from the FTSE 250-listed home credit firm, blue chips InterContinental Hotels and London Stock Exchange will also issue third-quarter trading updates on Friday
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
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Record earns first performance fees since March 2016
The bulk of the assets under management – US$52bn out of US$61.bn – were in passive currency hedging funds
FTSE 100 closes in the red amid heightened trade worries
The UK index of leading shares closed around five points lower at 7,678
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UK public sector finances unlikely to move the dial on Friday, and neither will Beazeley results
Aside from the latest UK data, and the Beazley interims, first-half results from gold group Acacia Mining will also be released on Friday
Record shares fall as currency manager reports fall in annual profit
The FTSE Fledgling company said for the year ended 31 March 2018, its revenue rose to £23.8mln from £22.9mln a year ago, but pre-tax profit fell by 7% to £7.3mln from £7.8mln
FTSE 100 joins global rout as Trump's trade tactics spook markets
The UK's top share index shed over 131 points at 7,633, while mid-cap brother FTSE 250 was also lower
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Tesco in the spotlight as trading update closes out heavy week for economic data
The week comes to a close with a first-quarter update from the UK's biggest (but potentially soon to be second biggest) supermarket
FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
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Strong cold and flu season to boost Reckitt Benckiser sales in first quarter
Reckitt Benckiser will report organic sales growth of 2.8% in the first quarter, UBS estimates
Investments and investor services
FTSE 100 closes on a high but latest UK stats weigh on retailers
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
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Official UK retail sales data hoped to show strong December; Bonmarche to update too
Day ahead includes official December UK retail sales data, plus a trading update from womenwear value retailer Bonmarche Holdings PLC
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Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
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Record interims among very few fixtures in Friday’s schedule
Currency manager services group Record Plc (LON:REC) is among the very few names fixed in the diary, with interim results due.
FTSE 100 closes higher as pound firms; Shire top riser
The latest ONS data showed that retail sales grew 0.3% in October - ahead of the 0.1% economists had expected - which has boosted the blue chip retailers
Investments and investor services
Royal Mail Group continues to contend with tough compeition
Royal Mail reports on Thursday and investors will be waiting to see how the mail group is coping with the competition.
ASOS in fashion as HSBC upgrades its stance to 'buy' from 'hold' following recent results
A look at some of the biggest risers and fallers today in London
FTSE 100 unchanged as pound jumps on Brexit hopes
The FTSE 100 index was less than a point higher at 7,523, well below the session peak of 7,560.04.
Archive
Intercontinental Hotels set to be the highlight of a quiet Friday
Only four trading updates or results are in the calendar for Friday...
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UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
Greka Drilling in demand as ONGC commits to drill programme
Risers & fallers: Record PLC pays out bumper dividends, EU Supply gets contract boost
FTSE 100 heads higher despite supermarket shake-out as Amazon pounces
Late surge sees FTSE 100's loss on the week sliced to 83 points
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Tesco update should show revival continuing, but plenty of uncertainties for food retailers
Day Ahead: Tesco, SThree trading updates; Bank of Japan policy meeting
Archive
Tesco set for strongest quarter in seven years
Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,
Week Ahead: Cash collection in focus at Utilitywise
Utilitwise is keen to align supplier commercial terms to improve cash conversion
Investments and investor services
FTSE100 suffers triple digit loss
The FTSE100 ended the day around 130 points lower at 5,944, tumbling below 6,000.
Shares crash despite talk of rival bid for Home Retail
Footsie fell to 5916, about 100 points away from lows not seen since last August
Investments and investor services
Risers & Fallers: Provexis, Greenko, Hydrodec, Cluff Natural Resources, Anglo American
Below are the main news-driven share price movements at 3.45pm.
Wednesday's Agenda: Can Provident keep growth going?
Provident Financial reports on Friday, with investors keen to see if it can continue to deliver strong earnings growth