Construction commitment | Excellent results | Profit warning
News covered here include excellent results from a highly-regarded research and data analytics group, which for once brought a very positive move from the shares. There were also impressive results from a provider of customer engagement software, while a specialist investment manager also appears to be doing better than peers, although that still didn’t stop the shares falling. Read on here for more this and other news.
Impax: moderate redemptions seem better than most Impax Asset Management (AIM:IPX), the specialist investor focused on the transition to a more sustainable economy, issued an update on its assets under discretionary and advisory management (‘AUM’) for the fourth quarter of its financial year. The Group closed the year with AUM up 5% year on year at £37.4bn. Net flows were slightly negative at £92m, while investment performance added £1.8bn. However, the final quarter of the financial year saw £893m of net outflows as retail investors in particular withdrew capital from markets. Impax has stressed that institutional client flows are more…