Post-Brexit Freedom of movement of increasing concern for asset managers – EY
Freedom of movement for staff is of increasing importance to asset managers in a post-Brexit world, EY has said.
Brexit
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PA ANALYSIS: 101 days of Brexit
In Orwell’s dystopian masterpiece 1984, Room 101 represents the “worst thing in the world”. 101 days on from the EU referendum, it’s up to Theresa May to convince the dissenters that Brexit is not a portal to their worst nightmares.
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Miton’s UK value fund outflows hurt AUM
Miton said in its interim results statement that outflows from its UK Value Opportunities fund during the second quarter ‘more than offset’ its first quarter asset accumulation.
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Brooks MacDonald grows FUM despite Brexit headwinds
Brooks MacDonald rang in its 25th anniversary with higher funds under management and profits for the year ending 30 June 2016, overcoming “significant headwinds.”
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Investec warns of lower profits, despite healthy AM inflows
Investec cautioned profits would be “slightly behind the prior year”, despite positive H1 net inflows in its asset management arm.
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BoE holds rates but November cut on the cards
The Bank of England’s Monetary Policy Committee unanimously voted to hold rates at 0.25% Thursday, but economists expect another rate cut will materialise in November.
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Next profits slump but Morrisons growth shows resilience of retail
Next shares slipped 4.8% to 4960p Thursday morning as the Office for National Statistics unveiled healthy retail sales growth in August and Morrisons shares shot up 8.06% to 209.2p.
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EM debt star to stay on the rise amid Brexit fallout and Fed rate hike
More than half (54%) of the respondents surveyed by NN Investment Partners expect institutional investors to raise their exposure to emerging market debt over the next three years despite volatility inducing events like a Federal Reserve rate rise and the Brexit aftermath.
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Dixons Carphone reports “no detectable” Brexit impact
Dixons Carphone shares climbed by 4.25% to 390.1p on Thursday morning after the company emphasised it continues to see “no detectable impact of the Brexit vote on consumer behaviour in the United Kingdom.”
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Barratt finishes the year strong despite Brexit
Barratt Developments delivered its highest total of housing completions since the global financial crisis and enjoyed increased demand for homes even after the Brexit vote, the company reported today.
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VCT managers bearish despite Brexit’s minute impact on financing
Although nearly half of the venture capital trust (VCT) management companies surveyed by Tilney Bestinvest saw little to no impact on demand for financing as a result of the Brexit vote, over two thirds said total fund raising levels would be lower this year.
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PA ANALYSIS: Italy now the real threat not Brexit
The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.
