Weekly outlook: Oil giants BP and Shell report while Fed and BoE race to raise rates
Key events for UK wealth managers for the week starting 2 May
News
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Neuberger Berman cautious on equities but not bearish yet
As long as earnings hold up and a recession is avoided, a substantial decline in equity markets ‘remains unlikely’
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Investors return to European equities despite Ukraine crisis uncertainty
Asset class sees biggest month-on-month improvement in sentiment in April, according to Hargreaves Lansdown
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SJP assets stay above £150bn mark amid tough market conditions
Gross inflows of £4.7bn hampered by negative market returns during Q1
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Sarasin CIO Guy Monson steps aside amid senior reshuffle
CIO role will now be split between Jerry Thomas and Phil Collins
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River and Mercantile buy buoys Schroders assets above £750bn
Offsetting falling assets from mutual funds and wealth management arm
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Morningstar acquisition of Praemium International greenlit
FCA and Jersey regulator give deal their respective nods of approval
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Perspective Financial Group buys Cambridgeshire firm
It has made 51 acquisitions since 2008 and has a ‘good pipeline’ for even more in 2022/23
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Supermarket Income Reit nearly doubles fundraise to £300m
Chair says omnichannel stores ‘present a safe haven for investors’ amid rising inflation
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Schroders trust shares pep up as former Woodford holding merges with Spac
Value of SUPP’s holding in Benevolent AI written up by a further 40%
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M&G chief executive John Foley retires
Foley steered the fund group through its demerger from Prudential in 2019
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Baillie Gifford US Growth trust taps into crypto craze
Follows in the footsteps of Scottish Mortgage which initiated a stake in Blockchain.com last year