logo
Plus   Neg
Share
Email

Rathbone Brothers H1 Pretax Profit Rises - Quick Facts

Rathbone Brothers plc (RAT.L) on Wednesday reported profit before tax of 27.3 million pounds for the six months ended 30 June 2020, up from 20.0 million pounds in the previous-year period. Basic earnings per share were 36.1 pence, up from 25.8 pence last year.

However, underlying profit before tax edged down to 46.0 million pounds from 46.6 million pounds in the previous year. Underlying earnings per share declined to 67.5 pence from 71.4 pence a year ago.

First-half net interest income declined 36.8 percent to 4.80 million pounds from 7.65 million pounds, reflecting UK base rate reductions in March 2020.

Total funds under management and administration were 49.4 billion pounds at 30 June 2020, down 2.0 percent from 50.4 billion pounds at 31 December 2019 and up 0.4 percent from 49.2 billion pounds at 30 June 2019.

The Group maintained its interim dividend at 25 pence, the same as a year ago. The record date will be 4 September 2020 and the dividend will be paid on 6 October 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network. Shell International Petroleum Co. Ltd. and Microsoft Corp. formed a strategic alliance to develop new solutions to achieve net-zero emissions. The alliance will support Shell's ambition to be a net-zero emissions energy business by 2050. Meanwhile, Shell's supply of renewable energy to Microsoft is expected to help it deliver on its renewable energy supply goals.
RELATED NEWS
Follow RTT