Rathbone funds fall

In its interim management statement (IMS), the company also reported a 20pc fall in the scale of its unit trust business, from £1.5bn to £1.2bn. Meanwhile, operating income fell 4.1pc to £32.4m over the quarter. For the first nine months of the year, net inflows were 7.1pc, while operating income was 0.7pc up on the first nine months of 2007. Mark Powell, chairman of Rathbone Brothers, said: "The turmoil in world stock markets created by the crisis of confidence in the banking sector has had an inevitable impact on our recent financial performance. It is however attracting further funds ...