Parmenion sells down UK equity income and ups corporate bonds to neutral
After concluding economy is in the early stages of a recession
Author: Christian Mayes
-
-
Brewin hires wealth director from Gam Investments
Joss Mitchell brings 35 years’ industry experience having previously worked at Kleinwort Hambros, Citi and HSBC
-
M&G promotes Rebecca Broadbent to sales director of UK wholesale
While Katie Hammond joins from Liontrust as a client relationship manager
-
Net inflows onto AJ Bell’s platform plunge 17%
But the investment arm sees AUM jump more than a quarter
-
Saunderson House a steadying presence amid improved Rathbones results
Funds under management and administration down £10.7bn since the start of the year but most was lost in H1
-
Ballooning inflation back at 40-year high
Rising food prices drove CPI back to July’s record 10.1% as industry commentators ponder the BoE’s next rate rise
-
Transact posts ‘resilient’ Q4 results
Number of advisers using the platform jumped 5% in a year
-
Record low equity exposure pays off for Ruffer
Amid ‘toxic cocktail of persistent inflation, central bank hawkishness, recession risk and political uncertainty’
-
Temit names Abigail Rotheroe as non-executive director
She also holds similar roles at Baillie Gifford and HydrogenOne
-
Hunt minces mini budget in latest government U-turn
Chancellor’s emergency statement saw most tax cuts scrapped, with universal energy bill support to end in April 2023
-
Nick Train flags ‘shift in investor preference’
As Finsbury Growth and Income Trust celebrates ‘quarter of improved relative performance’
-
Gemma Godfrey and Jane Millar join Kingswood board
The pair have been appointed as non-executive directors