profits

Pre-tax profit at Aberdeen Asset Management rose by 44% in the 12 months to the end of September even as net new business dropped by £1.6bn over the same period.

The chairman of Walker Crips David Gelber said short-term economic uncertainty has impacted the group's trading, despite a rise in revenues, and predicted a subdued outlook for the UK.

MAM Funds has moved back into the black, reporting after-tax profit of £400,000 for 2010, compared to a £7m loss in 2009.

Collins Stewart Wealth Management has reported a 10% profit jump following two acquisitions and tighter cost controls.

The distribution unit of wealth manager St James's Place (SJP) turned a huge loss in 2009 into a significant profit last year after new business increased by a third.

The Royal Bank of Scotland Group reported a small £9m net profit over the first half of the year, after recording a £1.14bn pre-tax profit in the six-month period.

Legal & General Investment Management (LGIM) posted a 32% increase in IFRS operating profit during the first half of 2010, with the group recording gross new business of £21.2bn.

The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.

Legal & General Investment Management saw net inflows of nearly £8bn into its funds during the first half of the year.

Invesco Perpetual's Samantha Ho is ready to take profits on holdings in her Hong Kong & China fund in the coming months, expecting the region to see some short-term volatility.