Impax’s takings slump after global retreat on sustainability Investing Impax Asset Management recorded a slump in revenue in the first half of the year as a global retreat on green policies turned clients away from its sustainability offering. The firm cited a “challenging first half of financial year” with assets under management falling to £25.3bn. This was down from £37.2bn at the end of [...]
Can Impax bounce back? Investing Today, Impax Asset Management entered into an agreement with European giant BNP Paribas, where the asset manager will provide investment advisory services for one of its funds. But after hitting its lowest stock price in eight years earlier this month, analysts are split on whether Impax Asset Management will be able to bounce back. Impax’s [...]
Impax stock crashes on profit warning after St James’s Place loss Investing Impax Asset Management’s stock price has crashed more than 15 per cent after issuing a profit warning thanks to its falling assets. The asset manager reported a 26 per cent decline in assets under management after losing a £5.1bn mandate from St James’s Place. The £8.8bn drop over the last three months was in large [...]
Impax profit drops as ESG-focused asset manager looks forward to Trump’s return November 28, 2024 ESG-focused Impax Asset Management has reported a fall in profit and continued outflows but said Donald Trump’s return to the White House could help its portfolios deliver “excellent returns”. The London-listed firm said on Thursday that its pretax profit came in at £49m for the year ending on 30 September, down six per cent from [...]
