UK - Britannic Asset Management (BAM) saw profits crash 22.8% in 2001 despite an upturn in retail sales, whilst firm's parent company saw operating profits fall to £145.4m compared to the £174.5m registered previously.
News of BAM’s plunging profits come at a time when many firms are reporting falling profits and even losses in 2001. Morley, Aviva’s fund management unit, reported that its operating profits were d...
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