City File: Invesco MIM going through hard time

INVESCO MIM, the fund management group run until recently by Lord Stevens, is being given a hard time by analysts. BZW has just downgraded its profit estimate from pounds 33m to pounds 22m for this year. Part of that is the effect of a weak dollar on the company's large US earnings. The rest is due to the company's own problems. It is anyone's guess whether it will pay a dividend.