Is it time to shun UK retail stocks
As Sainbury’s becomes the latest UK retail name to announce falling sales investors may well be asking themselves whether it is a sector to steer clear of all together in the near term.
United Kingdom
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bell and de bruin take on FandC macro global bond
F&C Asset Management has appointed Steven Bell and Michiel de Bruin to manage the £346.90m Macro Global Bond Fund.
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invesco boosts enhanced income trust team
Invesco Perpetual has promoted Rhys Davies to deputy portfolio manager of its £115.4m Perpetual Enhanced Income Trust.
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Skandia appoints new product director
Skandia has appointed Gower Wisdom as product director.
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river and mercantile to softclose hanbury fund
River and Mercantile will soft-close Dan Hanburys UK Equity Smaller Companies Fund once it hits £550m.
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Morningstar boosts manager research team
Morningstar has announced the appointment of Daniel Vaughan and Michael Eyre to its OBSR manager research team.
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franklin templeton softlaunches multiasset funds
Following the hire of Toby Hayes, Franklin Templeton is offering two new multi-asset funds.
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Property looking good despite house prices
Even as concerns rise about the warmth of the residential property markets, investors seem to be increasingly bullish on parts of the UK property market.
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aberdeen completes 2pt9bn swip asset migration
Aberdeen Asset Management has migrated all equity funds and mandates run by Scottish Widows Investment Partnership.
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rayner spencer mills research hires minter-kemp
Former Cazenove Capital investment director Robin Minter-Kemp joins as non-executive director.
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two main headwinds for inflation
A strong Euro and devaluation in the peripheral economies are two main headwinds to inflation, Ian Kernohan, economist at Royal London Asset Management.
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TSB to be sold on the cheap
Lloyds Banking Group has set the price range of its proposed listing of TSB at 220-290p, a level which implies it will be sold at less than its book value