LGIM gets green light for Brexit plans
Legal & General Investment Management (LGIM) has got the green light for its Brexit plans for European Union clients from the Irish regulator.
Macro News
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Eurozone slowdown: a mid-cycle slump?
Snowy sub-zero weather has been blamed for the first quarter fall in growth. Will the bloc rebound?
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BoE holds rates as ‘unreliable boyfriend’ returns
Bank of England governor Mark Carney has re-earned his moniker as an ‘unreliable boyfriend’ as the monetary policy committee votes 7-2 to hold rates at 0.5%.
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Investors divided on oil after Trump walks from Iran deal
Donald Trump’s decision to walk away from the Iran nuclear agreement has left investors pondering the short-term prospects for the recovering oil and gas sector.
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Oil price spikes as Trump quits Iran nuclear deal
Donald Trump’s decision to walk away from the Iran nuclear deal has seen the oil price take off, as political tensions in the Middle East look set to increase.
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Capital market risks loom if passives dominate
The asset management industry is split on the market implications if passives continue to rake in inflows, while investors lose faith in active management.
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Assets fall in UK funds industry despite inflows
Despite positive net retail sales across the UK authorised funds industry, assets under management fell 2% in March due to market movements, Investment Association data shows.
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Bank of England warns bond managers on hidden risks
The Bank of England has raised a number of concerns about hidden risks in the UK fixed income markets, while underplaying the impact of quantitative easing on bond yields.
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Robot revolution poised to shake-up fund industry
Asset managers may soon be able to use cutting-edge deep learning technology to gain a defensible competitive advantage, according to AI expert Nick Bostrom.
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UK slowdown casts doubt on City’s biggest bulls
Below-consensus UK GDP growth of 0.1% has caught the City off guard and thrown bullish predictions from the likes of Neil Woodford and Richard Buxton into question.
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Sterling slides as Carney casts doubt over May rate rise
Bank of England (BoE) governor Mark Carney has signalled that an interest rate rise in May could be pushed back, contrary to market expectations.
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UK inflation drop raises questions over rate increase
UK consumer price inflation fell sharply to the lowest rate in a year last month, raising questions over the Bank of England’s (BoE) direction on interest rates.
