Managers clash over the prospects for tech
Having led much of the global equity market equity rally in 2017, managers are at odds over the prospects for technology stocks in 2018.
Author: Sonia Rach
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The worst performing UK income funds
Kevin Murphy and Nick Kirrage’s Schroder Income fund has seen the largest negative move in Sanlam UK’s biannual Income Study.
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FCA issues warning on online investment fraud
The FCA has issued a warning on the rise of fraudsters offering investments in binary options and cryptocurrencies, such as Bitcoin.
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SJP appoints GMO as co-manager
Wealth manager St. James’s Place (SJP) has announced it is making changes to its Balanced Managed unit trust, effective later this year.
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Woodford, Rathbones and Trojan disappoint in FE ratings
Neil Woodford’s flagship Equity Income fund was downgraded in FE’s latest rebalance from five crowns to just one, six months after receiving the debut accolade.
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Five possible IPOs for 2018
Last year was the year that saw global Initial Public Offerings (IPOs) at their highest number since 2007. Rebounding from the lows of 2016, there were almost 1,700 companies floating worldwide during the year. Looking forward, Hargreaves Lansdown (HL) has outlined five companies they believe are considering an IPO in 2018.
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UK GDP beats expectations, but growth is lacklustre
The UK economy exceeded forecasts as the gross domestic product (GDP) grew 0.5% in the last quarter of 2017, up from 0.4% in the third quarter.
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Household spending at peak as retail sales drop
Average weekly household spending rose to its highest level since 2006 for the financial year ending 2017, as retail sales for December declined.
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US government shutdown sees pound climb
The prospect of a US government shutdown has seen the pound climb to its highest level against the dollar since Brexit, while cryptocurrency Bitcoin continues to decline.
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Baillie Gifford appoints five new partners
Baillie Gifford has announced the appointment of five new partners as four existing partners retire, effective from 1 May 2018.
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Orbis: Government bonds are the asset to avoid
Government bonds are “frighteningly risky” and the assets to avoid according to Ashley Lynn, an analyst at Orbis Investment.
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Robo-adviser Scalable Capital to offer financial advice
Scalable Capital, a digital wealth manager, has announced it will be offering clients professional advice through financial advisors, effective immediately.
