Tentative times as ECB holds rates
The European Central Bank (ECB) has held interest rates in line with market expectations.
Author: Kristen McGachey
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Sterling rallies against the euro as Britain heads to the polls
Sterling has bucked up against the euro, hours after polling began in the UK general election and ahead of the imminent European Central Bank meeting.
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PA ANALYSIS: Curiosity not conviction drives pre-election mood
Investors are struggling to call any winners and losers ahead of Thursday’s vote due to its lack of a binary outcome.
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UBS: Labour win will not cause pound to plunge
A Labour victory in this week’s general election will not trigger a dramatic sell-off of the pound, according to UBS Wealth Management.
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Monaco and Garland depart Ardevora in reshuffle
After undergoing a strategic business review, partners Jon Garland and Gianluca Monaco have left Ardevora Asset Management.
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Terry Smith dethrones Woodford in broker sales stats
Both of Neil Woodford’s income vehicles were featured in The Share Centre’s top-ten traded funds in May, in spite of recent doubts over performance.
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Tilney’s ‘landmark’ acquisitions sees assets surge by 138%
Tilney closed 2016 with assets under management at £22.4bn after factoring in its acquisitions of Towry and Ingenious Asset Management.
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Structured products house launches DFM service
Hilbert Investment Solutions has appointed David McFayden to help build its new discretionary service.
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Cerno sizes up India and Japan small caps
Cerno Capital is eyeing up opportunities in India and Japan, and is not willing to give up on the infrastructure trade despite president Trump’s inaction.
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Gresham House nabs Amundi’s BD head
Ex-Amundi man Michael Hart has joined Gresham House as head of distribution effective immediately.
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IP’s Shiao backs consumer staples, talks Chinese debt
Invesco Perpetual’s Asia ex Japan CIO Mike Shiao is backing consumer staples on confidence in the Chinese government’s ability to slacken the pace of its growing debt to GDP ratio.
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IA contemplates UK mid-cap sector
The Investment Association is soliciting feedback from members on bringing in a mid-cap sector to its classification.