Kwarteng backtracks on tax cut for highest earners
The ’embarrassing’ U-turn follows criticism from Conservative MPs and the IMF
Author: Christian Mayes
-
-
Hargreaves sharpens ESG pruning shears
As it sets up dedicated team of analysts to assess environmental, social and governance risks
-
Quilter’s Wealthselect MPS backs fixed income but swerves gilts
Weighting to equities pared back as ‘further deterioration’ expected
-
Arbuthnot Latham opens MPS to UK advisers
Lee Jones joins from Abrdn to spearhead the push as director of intermediary sales
-
Assetco to return £7.5m to shareholders
Buyback programme will see nearly 15 million ordinary shares repurchased
-
IMF rebukes UK tax cut plans
As Bank of England rolls out government bond buying programme in an effort to calm markets
-
Richard Colwell to retire after 25 years of managing money
Columbia Threadneedle head of UK equities role will be split between Jeremy Smith and Catherine Stanley
-
Jupiter downgraded to negative by Fitch
‘Its retail focus and smaller scale increase its vulnerability to net outflows versus peers’
-
Helena Morrissey to step down as AJ Bell chair
Her departure comes after FCA governance concerns stopped outgoing CEO Andy Bell from joining the board
-
UK’s credibility questioned as pound hit record low
Industry commentators criticise ‘reckless’ actions by Liz Truss and Kwasi Kwarteng
-
Hawkish Fed hikes rates 75bps at third meeting on the bounce
As the US central bank lays down a marker that more rises are yet to come in 2022
-
BlackRock inks deal to run Transact model portfolios
Marking the first time BlackRock has managed an MPS range on a UK advice platform