JUPITER FUND MANAGEMENT 05 Jun 80.60 80 30 May 31 May 3 Jun 4 Jun 5 Jun

JUPITER FUND MANAGEMENT confirmed this morning that Alex Savvides will join the company on 7 October, replacing Ben Whitmore. Analysts at Peel Hunt said "whilst it is positive to have visibility on timings, it remains the case that this is a fairly long drawn out departure of a key manager, and, therefore, the quantum of outflows remains uncertain". They rated it a 'hold' with a target price of 85.0p.

NINETY ONE

P 175 170 165 05 Jun 159.90 160 155 30 May 31 May 3 Jun 4 Jun 5 Jun

Fund manager Ninety One's adjusted profit was slightly stronger than expected due to stronger revenues. However, flows were more negative than expected and the firm said conditions "remain challenging". Analysts at Peel Hunt estimated assets under management will climb to £136.6bn. They thought the announcement was "largely neutral for shares". They rate it a 'hold' with a target price of 185p.

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