Close Brothers Asset Management's (CBAM's) income was up marginally in the first half of its financial year, as it benefited from higher managed assets.
Total operating income in the six months to 31 January increased 2 percent to £67.1 million (H1 2020: £65.7 million).
While income was up in the firm’s large investment management division, advice-related income fell – from reduced levels of new business activity, reflecting the impact of Covid-19 on the ability to mee...
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