UK unemployment edges up to 4.2% as ‘experimental’ calculation used
ONS introduces new process which uses tax data and benefit claims
Macro News
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AJ Bell: Tracker fund charge discrepancies are eating into investor capital
Some tracker fund charges are costing 20 times the cheapest possible rate
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Tatton enjoys 7.7% asset increase in half-year results
£910m in organic net inflows and £100m in market and investment performance
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‘Narrative-ruining’ inflation print stays at 6.7% in September
UK CPI is ‘trapped between the push and pull of prices at the pump and those on supermarket shelves’, warn experts
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UK wage growth rises above inflation for first time since October 2021
7.8% increase between June and August
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Nine out of ten private investors report ‘rarely or never’ attending AGMs, says AIC
60% of respondents also report ‘rarely or never’ voting their shares
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UK economy ekes out growth in August but not enough to prompt more rate rises
A modest 0.2% rise in GDP was reported
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Fund management articles written mostly by men and more complex than ‘A’ level exams
Communication and content readability survey also finds AI less comprehensible than human-generated content
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CCLA IM: Companies continue to increase mental health awareness
Benchmark shows 95% of companies acknowledge mental health as important to business
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Metro Bank strikes deal on £325m capital raise and £600m debt refinancing
Since the deal was announced shares have risen 10%
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Interactive Investor: Sustainable investment exposure ticks upwards in 2023
Women and younger investors are leading the charge
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Weekly outlook: Tesco and Imperial Brands to report
Key events for UK wealth managers starting the week 2 October