‘Shock and awe’ move sees ECB hike rates by unprecedented 75bps
As hawkish central bankers prioritise tackling inflation over protecting growth
Author: Kirsten Hastings
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Swirling sale rumours ratchet Parmenion’s value up fourfold
Preservation Capital Partners and Assetco acquired the business just 18 months ago for £102m
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Rob Gardner steps down as SJP investment director
CIO Tom Beal named as successor
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Jupiter to sell Starling stake but Chrysalis holds on
The challenger bank is eyeing an IPO before the end of 2023
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Michael Lindsell heralds return of Heineken’s mojo
LTIT share price and NAV show marked improvement in July after bruising first half
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Abrdn set for FTSE 100 ejection as F&C Investment Trust eyes promotion
With moves for NextEnergy Solar Fund and Warehouse Reit also on the cards
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Kimberly LaPointe exits PGIM
The head of PGIM Investments International has returned to the US to ‘consider the next chapter’ of her career
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Fundsmith adds mystery holding
But it is already one of the equity fund’s worst performers
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Inflation predictions get scary as Citi warns CPI to breach 18% in January
If embedded inflation rears its ugly head, a base rate of 6-7% could be needed to tame it, investment bank says
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Invesco ventures into the metaverse with equity fund launch
Virtual and augmented reality could deliver £1.4trn global economy boost by 2030
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UK inflation comes in hot at over 10% to hit 40-year high
Stacking the odds in favour of another 50bps rate hike by the Bank of England
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Parmenion moves overweight govvies
But retains higher allocation to alternatives