Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Liontrust tumbles 9% after boss Ions sells £1m stake

Liontrust tumbles 9% after boss Ions sells £1m stake

Shares in Liontrust have stumbled after it emerged chief executive John Ions had sold a £1 million stake.

According to a filing on the London Stock Exchange, Ions (pictured) sold 500,000 shares in the investment boutique at 230p each, netting £1.15 million.

Chair Adrian Collins also trimmed his exposure to the firm, selling a £230,000 interest. The fall leaves the firm trading at a 52-week low and 27% below a year-high of 285p.

In a trading update released at the start of last month Liontrust said it had attracted £190 million in net inflows in the second quarter, propelling its assets under management to £3.8 billion.

Ions said in a statement accompanying the update: 'Liontrust continues to make good progress. Our strategy, combined with the talent at Liontrust to execute it, puts us in an excellent position to capitalise on the opportunities ahead.'


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter