Hot June leads to clothing spending spree
A warm June propelled UK retail sales for the second quarter of the year, with strong clothing sales compensating for a decline in food and fuel sales.
News
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Smith & Williamson sees FUM swell to £19bn
Rising equity markets helped sustain Smith & Williamson’s “positive momentum” for the year to 30 April 2017, culminating in £18.8bn of funds under management and advice (FUMA).
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Industry not expecting a hawkish Draghi at ECB meeting
Industry experts are not expecting the European Central Bank to tighten monetary policy at its next rate meeting, despite Mario Draghi’s hawkish mood of late.
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Why the next global economic contraction could be only three years away
Seneca Investment Managers’ chief investment officer Peter Elston has warned that the next global economic contraction could occur in 2020 and is cutting his equity exposure accordingly.
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Investors lap up RPC’s £100m share buyback
Plastics packager RPC has delighted markets and shareholders by announcing it will be offering a share buyback programme of up to £100m.
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Smith & Williamson unveils Artificial Intelligence equity fund
London-based investment boutique Smith & Williamson has launched a new Ucits-compliant global thematic fund which will invest in stocks set to gain from developments in Artificial Intelligence.
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Coutts finds opportunities in ‘undervalued’ sterling
Coutts & Co is banking on the continued reflation trade in Europe and ignoring the sterling naysayers by highlighting the currency as an attractive value proposition.
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Managers slash US weighting to nine-year low
The degree to which global fund managers are underweight in US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch July fund manager survey.
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FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, has said.
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Impatient ISA investors target Woodford, Train and Smith funds
Cash ISA investors are ‘taking matters into their own hands’ and putting their money into vehicles from Neil Woodford, Nick Train and Terry Smith, data from Hargreaves Lansdown reveals.
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Ravenscroft begins UK retail push
The Channel Islands stockbroking and investment management company Ravenscoft has announced Stephen Lansdown as chairman and launched two funds for UK retail investors.
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Tilney: European consumer will prevent recession as fiscal policy flounders
Investors have been told to prepare for slower economic growth in the second half of the year, although a global recession should be avoided.
