Pimco has warned the European Central Bank (ECB) it could fall into a monetary policy “limbo” situation – unable to exit because it wishes to keep government bond yields sustainable, yet unable to continue in case it oversteps its mandate.
British American Tobacco (BAT) has made an unsolicited $47bn (£38.5bn) offer for full control of Reynolds American in a deal that would create the world’s largest tobacco company by sales.
Against a US political backdrop that is “poisonous and unpredictable”, Psigma Investment Management is less optimistic over the US economy versus its peers, according to its quarterly asset class outlook report.
Rowan Dartington (RD) has appointed former Brewin Dolphin head of intermediary sales John Cowmeadow as the new managing director for its Signature division of discretionary services.
The Financial Conduct Authority (FCA) is continuing its review of the initial public offering (IPO) process to eradicate unfair share allocations.
TwentyFour Asset Management has reassured investors over its exposure to Italian asset-backed securities (ABS) in spite of the stress facing the country’s beleaguered banking sector.
BlackRock has added four US equity-focused exchange-traded funds (ETFs) to its iShares range, each exploiting a different factor.
Barings’ multi-asset team is struggling to assess the fair value of sterling with Theresa May’s ‘hard’ or ‘closed’ Brexit talks pushing down the currency.
Leeds-based wealth manager The Private Office (TPO) has acquired PQR Financial Planning, a firm of financial planners based in London in a move that bucks the trend for large restricted advice firms to swallow smaller, independent players.
With developed world political risk now posing the biggest risk to markets, Liontrust’s John Husselbee is encouraging his clients to focus on the global picture.
FundCalibre is responding to growing demand for investment trusts as it plans to roll out closed-ended ratings next year.
Sanlam UK has announced a raft of new hires as it announces plans to integrate its private wealth and wealth planning businesses.
