BoE: Brexit will cost 75,000 finance jobs
Up to 75,000 jobs in financial services could be lost in post-Brexit upheaval, the Bank of England believes.
Macro News
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Why blue-chip investing is a dying trade
Investing in blue-chip companies is a dying trade as they are most at risk from disruptive market forces, according to equity managers at Hermes and Kames.
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Hammond’s budget surplus dream in tatters after IFS kick
Philip Hammond needs to admit his promise to eradicate the UK’s budget deficit by the mid-2020s is “no longer sensible”, a report from the Institute of Fiscal Studies (IFS) has said.
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No surprises from Draghi: ECB halves asset purchases to €30bn
Bond and equity markets were left unmoved after ECB-president Mario Draghi announced on Thursday that the ECB will cut the size of its monthly asset purchases in half from January next year.
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What to expect from ECB meeting
Asset managers expect a hawkish move by Mario Draghi at the European Central Bank’s (ECB) board meeting today.
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Improving UK GDP increases chances of rate rise
The pace of UK economic growth beat expectations in the third quarter of the year, further increasing the chance of an interest rate rise next week.
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Keep your focus, fund managers
If fund managers seek to deliver consistent alpha, they’d better refrain from pushing too many buttons, says Rob van Wechem, head of investments at private bank Oyens & Van Eeghen in Amsterdam.
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Mining propels UK dividends to £28.5bn in Q3
Dividends paid by UK companies rose 14.3% to hit £28.5bn in the third quarter of 2017, which is a record payout for the quarter and the third largest quarterly total ever, according to Capita Asset Services.
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Why investors should be mindful of a big Abe win in Japan
All eyes will be on Japan this weekend as the country heads to the polls, with the incumbent Shinzo Abe looking set to win a fourth term as prime minister. However, a large victory may not be in the country’s best interest, managers warn.
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European recovery ‘not a blip’
The European economic recovery is not just a blip, fund buyers believe.
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UK asset management to see post-Brexit exodus of EU nationals
The UK investment management industry is likely to lose many of its European professionals following Brexit, according to a survey by the CFA Society.
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Carney under pressure as inflation hits five-year high
UK Inflation hit a five-year high of 3% in September, making the prospect of Bank of England (BoE) raising interest rates next month even more likely.