Pressure is off BoE as wages stagnate and employment rise
Pressure on the Bank of England to raise interest rates was handed another blow on Wednesday unemployment fell and UK earnings growth, while beating expectations, failed to outpace inflation.
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IA: FTSE bosses improving on pay but more work needed
Shareholders “flexing their muscles” over remuneration packages has led to an improving attitude among FTSE directors towards pay, but there is still “some way to go” on the issue, the Investment Association says.
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Barnett named head of Kleinwort Hambros board after Newbury quits
Stuart Barnett has been appointed chairman of the Kleinwort Hambros board of directors following the retirement of Warwick Newbury.
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7IM reveals ‘highest ever’ gold exposure
Seven Investment Management has upped gold exposure across its funds to the highest ever level in anticipation of a potential market correction.
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Profit expectations fall to lowest level in nearly three years
Global fund managers are becoming increasingly bearish on corporate profits, with the amount thinking they will improve over the next 12 months falling to the lowest level since November 2005, according to the latest BofA Merrill Lynch fund manager survey.
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HL posts higher AUA but sees margin squeeze
Hargreaves Lansdown grew assets under administration at a swifter pace for the year ended 30 June, but it felt further pressure on margins.
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OMGI launches first Cocos fund
Old Mutual Global Investors has announced the launch of the Old Mutual Financial Contingent Capital Fund, marking the asset manager’s first foray into the contingent convertible (Coco) bond market.
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Jupp takes control of Quilter Cheviot regional office
David Jupp is set to takeover running Quilter Cheviot’s Birmingham hub from Sean Rafferty, head of the office for the past 12 years.
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Widening FTSE profit gap sparks fears firms spinning results
The gap between stated and adjusted profit in FTSE 100 companies is at a 10-year high, according to AJ Bell which has raised fears firms are intentionally “muddying the waters”.
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UK gilt funds shine in FE’s passive crown ratings
More than half of passive UK gilt funds have been awarded FE’s top accolade for their index-tracking ability, compared with just 18% of global equity funds.
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Murky future for UK companies despite bumper profits
The picture for UK companies looks “murkier” despite them posting bumper profits in the last financial year, according to the latest data from The Share Centre.
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Rathbones: Could today’s India outshine yesterday’s China?
Though it might be tempting to view today’s India as yesterday’s China, Rathbones’ head of asset allocation Ed Smith thinks the region’s growth prospects could be even greater based on five key indicators.
