uk profits plunge by a third
Sales at FTSE 350 companies inched up just 1% in the second quarter of 2013 year-on-year, even as post-tax profits crumbled by 33.8% due to big write-downs.
Author: Portfolio Adviser
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the great escape
PSigma Investment Management's Thomas Becket, analyses the turn in sentiment towards the UK and whether this is stems from a genuine economic improvement, or a short-term burst of good news.
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brown advisory eyes fatca orphans
US investment management firm Brown Advisory is expanding its private client capabilities in the UK to target American expats living in the country.
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fidelity launches asian dividend fund
Fidelity Worldwide Investment has given portfolio manager Polly Kwan an Asian income mandate to run, which is looking to pay investors a yield of approximately 3.4%.
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chinese fund groups lobby against foreigners
Mainland China’s fund groups have clubbed together to lobby Beijing against expanding the renminbi qualified foreign institutional investor (RQFII) scheme, according to reports.
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brewin dolphin hires for biz dev
Brewin Dolphin has appointed Paul Cox formerly of Quilter to its business development team to promote the company’s investment management services to advisers in the Midlands.
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london advisers slammed with 28k fines
John Leslie and Jeffrey Bennet, employees at London-based advisory firms Leslie and Nuding (now known as Leslie & Swallow) and Burlington Associates, have been fined £28,000 each for promoting Ucis to retail investors in the UK.
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riding the commodity carousel
The constant rise in commodity prices over the past few years may have peaked but does this mean the commodities super-cycle is over and should you buy or sell the asset class?
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rothschild trust soars 16 percent
RIT Capital Partners, the investment trust chaired by Jacob Rothschild, has reported a 16.9% increase in its net asset value in the first six months of the year, thanks to a stock picking focus on US cyclicals and Japan.
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gold trough prompts surge demand
Eastern demand led a rush of gold purchases in the second quarter of the year as investors took advantage of recent falls in the asset price.
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fund consolidation slowing
Fund numbers in Europe decreased by 425 in the second quarter of this year, down from a 458 reduction in the same period last year, according to Lipper’s FundMarket Insight Report.
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coutts personnel push in manchester continues
Coutts & Co has appointed Mark Esner as executive director, wealth manager, in its Manchester office, responsible for developing new and existing business in the North West.