BoE cuts rates to 0.25%, turns on QE tap
The Bank of England’s Monetary Policy Committee has cut interest rates to 0.25%, and committed to a new term funding scheme to “reinforce the pass-through” of the decision into the broader market.
Author: Geoff Candy
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SEI strengthens UK private banking team
Hard on the heels of its recently announced partnership deal with wealth management firm WH Ireland, SEI has bolstered its UK Private banking team
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Rio’s free cash flow fixation underlines broader mining challenge
“Boring is the new exciting” is how Rio Tinto CFO Chris Lynch characterised the diversified miner’s continued focus on improving productivity and better leveraging its existing asset base.
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Oil:US high yield correlation breaks down
The correlation between oil and US high yield markets broke down in July, indicative of a shift in the focus of the sector.
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Rio maintains “boring is the new exciting” mantra`
Tinto’s underlying earnings slumped 47% in the six months to end June 2016.
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PA ANALYSIS: Equity Income ‘cross roads’ highlights broader challenge
The UK Equity Income Sector has, for many years been the show piece of the UK fund management sector.
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Equities’ ‘Goldilocks’ backdrop unsustainable – Fidelity
Fidelity International’s multi-asset team, Fidelity Solutions has further deepened its equity underweight.
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Eight leave Sanlam white list as Brexit bites and yields fall
More than half the entrants into the January edition of Sanlam Private Wealth’s list of the top performing UK Equity Income funds are no longer there.
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Platforms’ role to grow as client data becomes increasingly crucial
The visibility of data to which platforms have access is going to become increasingly valuable says Barry Neilson, business development director at Nucleus.
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PA ANALYSIS: Diversity the watchword as fund groups battle Brexit
Praise for diversification was the refrain ringing out from the earnings reports of the UK’s major listed asset managers as Brexit-fuelled uncertainty pummeled AUM.
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Better-than-expected GDP provides solace but no insight
Preliminary GDP numbers for the second quarter have raised hopes slightly that the UK economy was on a better footing heading into the EU referendum than had been expected.
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Jupiter hones alternatives focus with new hire
Jupiter has ratcheted up its focus on the alternative investment space with the hire of Magnus Spence to the new role of head of investments, alternatives.
