No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - River Global plc share price" class="{Sedol:'BTDR2R1', Name:'River Global plc'} shareData ">River Global said on Wednesday that the Financial Conduct Authority had approved the change in control for River Global plc share price" class="{Sedol:'BTDR2R1', Name:'River Global plc'} shareData ">River Global Holdings, clearing the way for its proposed acquisition to complete on 30 June.
The AIM-traded company said assets under management stood at 3.44bn as of 19 June, up from 3.10bn at the end of March.
Excluding assets linked to European Opportunities Trust, where the board has announced a reconstruction, as well as mandates where clients have given notice to terminate or funds that are closing, adjusted AUM was 2.96bn.
On that basis, River Global plc share price" class="{Sedol:'BTDR2R1', Name:'River Global plc'} shareData ">River Global recorded net inflows of 39m in the quarter to 19 June.
At 1501 BST, shares in River Global plc share price" class="{Sedol:'BTDR2R1', Name:'River Global plc'} shareData ">River Global were up 23.25% at 40.9p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.