Rathbones Group PLC ( (GB:RAT) ) just unveiled an update.
Rathbones Group PLC reported strong financial results for 2024, driven by the successful integration of Investec Wealth & Investment (IW&I). The company achieved record gross inflows, increased its operating margin, and exceeded synergy targets, resulting in a 79.1% rise in underlying profit before tax. The integration has positioned Rathbones for future growth opportunities and innovation, with plans to complete the migration of IW&I clients and further enhance service offerings in 2025. The company also announced a 6.9% increase in its dividend, reflecting confidence in its long-term prospects and commitment to delivering shareholder value.
More about Rathbones Group PLC
Rathbones Group PLC operates in the financial services industry, primarily focusing on wealth and investment management. The company offers a range of services including financial planning and investment management, catering to individual clients and institutions. Rathbones is known for its relationship-led services and aims to deliver high-quality, resilient revenues through strategic partnerships and enhanced client offerings.
YTD Price Performance: 2.89%
Average Trading Volume: 50,952
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.79B
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