Consumer services the key focus amid election noise
Recent pre-election uncertainty is all about protection, says Smith & Williamson’s Mark Boucher, but consumer discretionary spending will carry on regardless.
Recent pre-election uncertainty is all about protection, says Smith & Williamson’s Mark Boucher, but consumer discretionary spending will carry on regardless.
Liontrust has hired a global equity team from BMO Global Asset Management in an effort to help meet growing demand for alternative investments.
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.
Liontrust has hired a global equity team from BMO Global Asset Management in an effort to help meet growing demand for alternative investments.
With bond markets generally much closer to the end than the beginning of a multi-decade bull run and whole swathes of the sector now offering negative yields, many investors are finding it hard to justify allocating assets into the sector.
Woodford Investment Management’s ability to raise assets was underlined on Tuesday with the listing of its Patient Capital Trust, which gathered £800m and was 10% oversubscribed.
Charles Stanley shares jumped almost 4% in afternoon trade on news it might sell its employee benefits division to current management.
The huge surge in money flowing into Hong Kong stocks, which pushed the Hang Seng Index up to a seven-year high earlier this month, has been linked to a recent change in the Stock Connect initiative. But fund managers said the change was only a catalyst for the influx in funds.
Unemployment in the UK fell to 5.6% in the three months to February, the office for National Statistics said on Friday, the lowest level since 2008. At the same time, the number of people in employment rose to a record of 31.05m.
The numerous headwinds that could easily buffet the European ex-UK sector during the next 12 months make the recovery seem fragile. But all is not lost.
Alliance Trust chair, Karin Forseke has taken to the pulpit, appealing to shareholders to vote against resolutions proposed by activist investors Elliott Advisors, at the firms April 29 AGM.
Alliance Trust chair, Karin Forseke has taken to the pulpit, appealing to shareholders to vote against resolutions proposed by activist investors Elliott Advisors, at the firm’s April 29 AGM.