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United Kingdom

Quilter PLC (QLT.L)

QLT.L on London Stock Exchange

147.10GBp
8:44am BST
Change (% chg)

0.25 (+0.17%)
Prev Close
146.85
Open
147.35
Day's High
147.90
Day's Low
146.00
Volume
447,153
Avg. Vol
3,255,798
52-wk High
156.90
52-wk Low
109.30

Latest Key Developments (Source: Significant Developments)

Quilter PLC says may sell Old Mutual Wealth Life Assurance
Thursday, 4 Jul 2019 

July 4 (Reuters) - Quilter PLC ::STRATEGIC REVIEW IN RELATION TO OMWLA.QUILTER PLC CONFIRMS IT IS UNDERTAKING A STRATEGIC REVIEW IN RELATION TO OLD MUTUAL WEALTH LIFE ASSURANCE LIMITED, HERITAGE LIFE ASSURANCE BUSINESS, INCLUDING POSSIBILITY OF A DISPOSAL OF THIS BUSINESS.  Full Article

Quilter Q1 assets up 5.1 pct to 114.9 bln stg
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Quilter PLC ::SAYS Q1 NET CLIENT CASH FLOW (NCCF) OF £0.5 BILLION, EXCLUDING QUILTER LIFE ASSURANCE (Q4 2018: £0.6 BILLION)..SAYS AUMA OF £114.9 BILLION (+5.1% FROM 31 DECEMBER 2018) SUPPORTED BY MARKET PERFORMANCE..SAYS INTEGRATED NET FLOWS OF £0.6 BILLION CONTINUING TO DEMONSTRATE ROBUSTNESS OF QUILTER BUSINESS MODEL.SAYS OUTFLOWS OF £0.9 BILLION WITHIN QUILTER LIFE ASSURANCE INCLUDED £0.6 BILLION IN RESPECT OF DELIBERATE RUN-OFF OF INSTITUTIONAL BOOK..SAYS LIGHTHOUSE ACQUISITION CONTINUES TO BE EXPECTED TOWARDS END OF Q2.SAYS NET CLIENT CASH FLOWS HAVE CONTINUED TO BE AFFECTED BY CHALLENGING MARKETS. HOWEVER, WE CONTINUE TO BE ENCOURAGED BY RESILIENCE OF INTEGRATED FLOWS WHICH HAVE REMAINED ROBUST DURING THIS PERIOD.  Full Article

Quilter Says Intrinsic To Make Cash Offer for Lighthouse Group
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Quilter PLC ::QUILTER- BOARDS OF CO, INTRINSIC, LIGHTHOUSE AGREED TERMS OF A RECOMMENDED CASH OFFER TO BE MADE BY INTRINSIC FOR LIGHTHOUSE.QUILTER- UNDER TERMS OF ACQUISITION, LIGHTHOUSE SHAREHOLDERS WILL RECEIVE: FOR EACH LIGHTHOUSE SHARE: 33 PENCE IN CASH.QUILTER- ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF LIGHTHOUSE AT APPROXIMATELY £46.2M.QUILTER-IN ADDITION,LIGHTHOUSE SHAREHOLDERS TO BE ENTITLED TO RECEIVE PAYMENT OF FINAL DIVIDEND BY LIGHTHOUSE OF UP TO 0.5P FOR EACH LIGHTHOUSE SHARE.  Full Article

Quilter says Brexit dents investor appetite, total assets fall
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Quilter PLC ::QUILTER PLC - QUILTER PLC 2018 FINAL RESULTS PART 1.QUILTER PLC- FY ADJUSTED PROFIT UP 11% TO £233 MILLION.QUILTER PLC - RECOMMENDED FINAL DIVIDEND OF 3.3 PENCE PER SHARE.QUILTER PLC- FY ASSETS UNDER MANAGEMENT/ADMINISTRATION ("AUMA") AT £109.3 BILLION IS DOWN 4% YEAR-ON-YEAR.QUILTER PLC- FY POSITIVE NET FLOWS OF £2.7 BILLION MORE THAN OFFSET BY NEGATIVE MARKET PERFORMANCE OF £7.8 BILLION.QUILTER PLC- FY NET CLIENT CASH FLOW ("NCCF") (EXCLUDING. QUILTER LIFE ASSURANCE) OF £4.7 BILLION (2017: £7.6 BILLION).QUILTER PLC- FY IFRS PROFIT/(LOSS) BEFORE TAX FROM CONTINUING OPERATIONS OF £5 MILLION (2017: £(5) MILLION).QUILTER PLC- FY SOLVENCY II RATIO OF 190% AFTER PAYMENT OF RECOMMENDED FINAL DIVIDEND (2017: 154%).QUILTER PLC - FCA INVESTIGATION INTO TREATMENT OF LONG-STANDING CLIENTS OF CLOSED LIFE BOOKS CONCLUDED WITHOUT SANCTION.QUILTER PLC - PERFORMED WELL IN 2018 DESPITE INCREASINGLY CHALLENGING MARKET CONDITIONS AS YEAR PROGRESSED.QUILTER PLC - IN SECOND HALF OF 2018 GLOBAL MACRO AND GEOPOLITICAL UNCERTAINTY WAS IMPACTING FLOWS AND MARKET SENTIMENT.QUILTER - INCREASED OUR FOCUS ON COST MANAGEMENT, ACCELERATED SOME OF BENEFITS WE EXPECTED TO DELIVER FROM OUR FIRST STAGE OPTIMISATION INITIATIVES.QUILTER PLC - AS MOST OF DECLINE IN MARKETS CAME LATE IN YEAR, IMPACT ON OUR 2018 REVENUES WAS RELATIVELY MUTED.QUILTER PLC - AIM TO KEEP 2019 COSTS BROADLY FLAT ON 2018 (EXCLUDING ACQUISITION ACTIVITY).  Full Article

Quilter CFO Tookey to step down, leave company in April
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Quilter PLC ::QUILTER - MARK SATCHEL, CURRENTLY CORPORATE FINANCE DIRECTOR, IS APPOINTED CHIEF FINANCIAL OFFICER WITH EFFECT FROM 13 MARCH 2019.SAYS QUILTER PLC ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION TO TAKE PLACE IN MARCH 2019.TIM TOOKEY, CURRENTLY CHIEF FINANCIAL OFFICER WILL BE STEPPING DOWN FROM BOARD.SAYS QUILTER PLC ('QUILTER') ANNOUNCES THAT MARK SATCHEL, CURRENTLY QUILTER'S CORPORATE FINANCE DIRECTOR, IS APPOINTED CHIEF FINANCIAL OFFICER WITH EFFECT FROM 13 MARCH 2019, SUBJECT TO REGULATORY APPROVAL.SAYS TIM TOOKEY, CURRENTLY CHIEF FINANCIAL OFFICER WILL BE STEPPING DOWN FROM BOARD ON 13 MARCH 2019.SAYS TIM AND BOARD HAVE AGREED THAT TIM WILL LEAVE BUSINESS AT END OF APRIL 2019.  Full Article

Quilter Q3 Net Client Cash Flow Of 1.1 Bln Stg, Marginally Ahead Of Q2
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Quilter PLC ::QUILTER PLC - Q3 NET CLIENT CASH FLOW (NCCF) OF £1.1 BILLION, EXCLUDING QUILTER LIFE ASSURANCE, WAS MARGINALLY AHEAD OF Q2.QUILTER PLC - YEAR TO DATE NCCF OF £4.1 BILLION, REPRESENTS 5% OF OPENING ASSETS UNDER MANAGEMENT AND ADMINISTRATION (AUMA) ON AN ANNUALISED BASIS.QUILTER PLC - REMAIN CONFIDENT IN LONG TERM PROSPECTS FOR BUSINESS MODEL.  Full Article

Quilter posts Q3 net client cash flow of 1.1 bln stg, down yoy
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Quilter PLC ::Q3 NET CLIENT CASH FLOW (NCCF) OF £1.1 BILLION, EXCLUDING QUILTER LIFE ASSURANCE, WAS MARGINALLY AHEAD OF Q2 BUT BELOW HIGH LEVEL ACHIEVED IN Q3 2017, WHEN MARKET ACTIVITY WAS SIGNIFICANTLY MORE BUOYANT..YEAR TO DATE NCCF OF £4.1 BILLION, REPRESENTS 5% OF OPENING ASSETS UNDER MANAGEMENT AND ADMINISTRATION (AUMA) ON AN ANNUALISED BASIS..STEADY GROWTH IN AUMA TO £118.1 BILLION DESPITE MIXED GLOBAL MARKET PERFORMANCE (UP 3% YEAR TO DATE AND UP 1.4% FROM 30 JUNE 2018 DESPITE A DECLINE OF 1.7% IN FTSE 100 INDEX DURING Q3).£0.9 BILLION OF INTEGRATED FLOWS DELIVERED DURING QUARTER (OF WHICH £0.8 BILLION WAS FROM QUILTER FINANCIAL PLANNING AND PRIVATE CLIENT ADVISERS). TOTAL INTEGRATED FLOWS OF £3.0 BILLION YEAR TO DATE (+7%) FURTHER DEMONSTRATING STRENGTH OF OUR ADVICE BASED BUSINESS MODEL..  Full Article

Coronation Asset Management Raises Stake To 11.06 Pct From 10.06 Pct In Quilter
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Quilter PLC ::CORONATION ASSET MANAGEMENT (PTY) LTD RAISES STAKE TO 11.06 PERCENT FROM 10.06 PERCENT IN QUILTER PLC - FILING.  Full Article

Quilter Completes Disposal Of Single Strategy Asset Management Business
Friday, 29 Jun 2018 

June 29 (Reuters) - Quilter PLC ::COMPLETION OF DISPOSAL OF SINGLE STRATEGY ASSET MANAGEMENT BUSINESS.TOTAL CONSIDERATION, FOLLOWING AGREEMENT WITH ACQUIRER IN RELATION TO QUANTUM OF ALL PRE-COMPLETION PRICE ADJUSTMENTS, IS CONFIRMED AS £583 MILLION.WILL CONSIDER A SPECIAL DISTRIBUTION BY COMPANY TO SHAREHOLDERS FROM SURPLUS SALE PROCEEDS FROM OMGI TRANSACTION.TOTAL CONSIDERATION COMPRISING UPFRONT CASH CONSIDERATION OF £576 MILLION AND AN ADDITIONAL £7 MILLION OF DEFERRED CONSIDERATION.DEAL COMPRISES UPFRONT CASH CONSIDERATION OF £576 MILLION AND AN ADDITIONAL £7 MILLION OF DEFERRED CONSIDERATION.IS MAKING GOOD PROGRESS ON SEPARATING ITS RETAINED MULTI-ASSET BUSINESS FROM SINGLE STRATEGY BUSINESS.CONTINUES TO EXPECT TO INCUR AGGREGATE COSTS OF APPROXIMATELY £20 MILLION IN RESPECT OF ESTABLISHMENT OF STANDALONE MULTI-ASSET BUSINESS.  Full Article

Quilter listing values firm at 2.76 bln stg
Monday, 25 Jun 2018 

June 25 (Reuters) - Quilter Plc ::ANNOUNCES SUCCESSFUL PRICING OF ITS INITIAL PUBLIC OFFERING AT 145 PENCE PER ORDINARY SHARE.BASED ON OFFER PRICE, MARKET CAPITALISATION OF COMPANY AT ADMISSION WILL BE APPROXIMATELY £2,758 MILLION.BASED ON OFFER PRICE, MARKET CAPITALISATION OF COMPANY AT ADMISSION WILL BE APPROXIMATELY £2,758 MILLION.  Full Article

Watchdog examines Guernsey listings of suspended Woodford fund

LONDON Britain's financial watchdog said it was examining a decision by a frozen Woodford fund to list investments in Guernsey, as wealth manager St James's Place pulled 3.5 billion pounds from the firm in a widening fall-out from the suspension.