FTSE flirts with record but dragged back by HSBC
The FTSE 100 index briefly reached record territory this morning before being dragged back down to earth by poor numbers put out by HSBC.
The FTSE 100 index briefly reached record territory this morning before being dragged back down to earth by poor numbers put out by HSBC.
The New York-based investment manager recorded £2.55bn of gross sales for Q3 2014, while the net retail sales table was headed by Woodford Investment Management
Neil Woodford has sold his recently acquired stake in HSBC, on the back of concerns about the growing number and size of regulatory fines faced by banks.
As people live longer, so the line between before and after retirement has become blurred and ways to generate an income while preserving capital are becoming increasingly sought after.
HSBC saw a 12% drop in profits throughout the first half of 2014, a loss it attributes to the investment of resources into “heightened and evolving” regulatory expectations.
Interest among income investors in banking stocks seems to be on the rise. And, with good reason, if a new report by Markit is to be believed.
Woodford Investment Managements Neil Woodford says he started dipping his toe into the financial counter midway through last year.
HSBCs former global bond head, Guy Dunham, has taken on the role of head of global and aggregates at Baring Asset Management.
Ernst Osiander has taken the reins of HSBCs global bond team, replacing Guy Dunham.
Oliver Gregson joins as head of private bank UK investment group
Investment in smart beta has been more muted on the retail side but HSBC GAM is offering a range of funds to the wholesale market.
As China goes through its shift of emphasis to a new-look, domestic-focused economy, clean energy is emerging as a theme within its government’s push to a ‘Beautiful China’. But how good is this for investors?