Persimmon share price slides despite upbeat statement
Persimmon’s share price dropped by 5% to 1364p Tuesday despite posting encouraging growth in group revenues and completion volumes over the first half of the year.
Brexit
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Carney sends pound lower and FTSE up with rate cut hint
Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
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Charles Stanley says ‘good’ Brexit scenario more likely than ‘bad’
In the wake of last Thursday’s referendum Charles Stanley has run ‘good’ and ‘bad’ Brexit scenario models and says it sees the good scenario as more likely.
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PA OPINION: ‘Lehman moment’ analysis risks missing the Brexit point
A number of commentators have sought to reassure investors that the events of last week were not ‘a Lehman moment’.
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FTSE continues its bounce back
The FTSE 100 put on another 2% in morning trading on Wednesday following yesterday’s 2.6% climb.
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US REITs and niche real estate assets are Brexit buying opportunities – Cohen & Steers
Rogier Quirijns, European Real Estate Securities portfolio manager at Cohen & Steers, argues Brexit could provide some attractive buying opportunities in the UK, particularly in the self-storage, logistics, healthcare and student housing arenas.
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PA ANALYSIS: Brexit tantrum has gone to script
The day after Roy Hodgson showed David Cameron a thing or two about how to resign rapidly when things have gone pear-shaped, the markets rowed back a little on their own quick reaction to an unexpected defeat.
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UK investors pack up and leave property for global equities
UK retail investor behaviour post-Brexit reveals growing fears about the prospects for property and UK equity funds and a growing preference for global and Japanese equities, according to analysis by Rplan’s online investment platform.
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S&P downgrades UK sovereign credit to AA
S&P has downgraded the UK’s sovereign credit ratings on the back of the country’s decision to leave the European Union.
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PA ANALYSIS: Is it time to run for safety, or has that horse bolted?
With 10-year gilt yields falling below 1% for the first time in history, the yen trading below 100 to the dollar and gold at $1,325 per ounce, it is clear investors are running for safety.
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UK real estate drop may be cushioned by monetary policy easing – Aviva
The drop in UK real estate value triggered by Brexit could be mitigated by easier monetary policy, said Chris Urwin of Aviva Investors.
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Don’t underestimate the size of the passporting problem
Hogan Lovells says the solution to the post-Brexit passporting problem is not as simple as setting up a brass plaque company inside the EU.
