Rathbones has removed its entire holding in Facebook from its Global Opportunities fund, with the fund manager saying the company has lost its consumer trust, but several investors continue to have large holdings in the stock.
Technology stocks have recently come under significant pressure, dragged down by the sharp fall in Faang stocks. But is the sector in a bubble that is about to burst or just going through a healthy correction?
Russian markets tumbled on Monday in response to US sanctions, but investors have described the country’s macroeconomic management as “exemplary” and said the market sell-off is a buying opportunity.
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.
A year since UK prime minister Theresa May sent a letter to European Council president Donald Tusk triggering Article 50, the fund industry weighs in on whether it is the UK or the EU that has the stronger hand in Brexit negotiations.
The FCA has confirmed European Union firms and funds benefiting from a passport do not yet need to apply for authorisation due to the implementation period that has been agreed between the UK and EU, while the Bank of England has said it will be business as usual for banks, at least for the next…
OMGI chief executive Richard Buxton has said the UK cannot plan for its post-Brexit future with any certainty as the one-year anniversary of Theresa May triggering Article 50 approaches.
France has increased its bid to attract business amid the uncertainty of Brexit, using a little known rule allowing employees moving to France to enjoy income tax exemption for a total of eight years.
The potential for trade wars to escalate could create buying opportunities for investors as global stock markets tumbled overnight on President Donald Trump’s plans for tariffs on up to $60bn (£42bn) of Chinese products.
Hermes chief executive Saker Nusseibeh has delivered a damning verdict on the UK’s negotiating hand one year since it officially announced it was wrangling its way out of the European Union.
The Federal Reserve’s dot plot unsettled markets as Jerome Powell delivered a widely expected rate hike in his first meeting since succeeding Janet Yellen as chair of the central bank.
Sterling was up against the dollar this morning as wages grew faster than expected, according to the Office for National Statistics (ONS).
