Impax provided an update on the development of assets under discretionary and advisory management for the second quarter of fiscal year. On 31 March 2025, AUM totalled 25.3 billion pounds, a decrease of 25.7% over the three-month period.
Ian Simm, Chief Executive, said: "Market conditions in the second half of fiscal 2025 remain highly uncertain. Given the fall in our AUM and the impact on global markets of an escalating trade war, we anticipate that full year profits will be below market expectations."
(Correction from source: Amended first para to replace "first quarter" with "second quarter")
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.