Rolls-Royce shares fall as UK economy fears grow
Shares in Rolls-Royce fell nearly 5% on Thursday morning as the market greeted chief executive Warren East’s attempt at reassurance with a heavy dose of scepticism.
Macro News
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UK manufacturing contracts as “deep unease” takes hold
Manufacturing activity in the United Kingdom has contracted for the first time in three years, according to data from Markit.
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Flows flee European equity post ECB corporate QE – BAML
European equity funds reported $4.8bn in outflows last week, the largest in 80 weeks, Bank of America Merrill Lynch revealed on Friday.
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Mind the gap: Age a major factor in financial knowledge
There are key generational differences in attitudes towards financial priorities and money management in the UK, but employees of all ages have major gaps in their financial knowledge, according to consultancy and actuarial services firm Barnett Waddingham.
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Looming Brexit vote fails to inspire defensive posture
Cash and absolute return funds remain the defensive assets of choice ahead of the Brexit vote, a survey revealed.
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British expats lose High Court battle over ‘Brexit’ vote
British expats will not have the right to vote in the UK’s upcoming EU referendum after a High Court challenge to the rules failed on Thursday.
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Micro change in Japan is encouraging but watch the currency – Heartwood
While certain Japanese sectors are benefiting from a promising micro story, currency implications mean Heartwood Investment management is re-hedgeing some of its Japanese equities exposure.
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IMF, ECB defend negative rates
Banks do derive benefits from negative interest rates, which are a net positive for the economy, said José Viñals director of monetary and capital markets at the IMF.
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Buxton: Brexit “not going to happen”
Brexit should not concern investors because it is “simply not going to happen”, according to Old Mutual Global Investors chief executive Richard Buxton.
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Government recoups losses on Lloyds Banking Group bailout
The UK government has recouped the £20.3bn ploughed in to save Lloyds Banking Group at the height of the financial crisis nearly ten years ago.
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UK economy produces soft numbers
The United Kingdom economy produced some underwhelming numbers in the three months to the end of February, according to the ONS.
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Inflation jump surprises, but doesn’t yet impress
Sterling got a lift on Tuesday as UK consumer price inflation rose to its highest level since the end of 2014.
