Sterling spikes after ‘tectonic shift’ in BoE monetary policy
The pound bounced back from its post-election lows after it emerged this afternoon the central bank’s monetary policy committee were not unanimous on discounting a rate rise.
News
-
-
Mattioli Woods eyes regional targets for acquisitions
Mattioli Woods has its eyes on expansion across the UK through acquisition of regional offices, group managing director Murray Smith has said.
-
US giant PGIM looks to spread its wings in Europe
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
-
Sanlam switches on AI in ‘world first’ for fund industry
Sanlam has claimed it is now offering the world’s first ever balanced fund run by artificial intelligence and machine learning.
-
Doubts cast over Fed’s ability to raise rates again in 2017
Deteriorating conditions in the US economy have cast doubts over the likelihood of a second rate hike from the Federal Reserve this year.
-
Good times roll on for Liontrust as profits rise 18%
Asset manager Liontrust has reported a profit rise of 18% and hailed its seventh consecutive year in the black as it reported full-year results.
-
The famous FAANGs proving tech sector still has teeth
After investors saw a sell off in tech stocks across the pond last week, Portfolio Adviser looks back at the rise of the sector’s most famous stocks.
-
Whitechurch dumps GARS after 10 years
Whitechurch Securities has severed all ties with Standard Life Investments’ Global Absolute Return Strategies after holding the multi-asset fund for 10 years.
-
Nasdaq correction: warning shot or the start of a bubble bursting?
While all eyes were on the FTSE All Share and how it would react to a hung parliament last Friday, something a little more dramatic was occurring the other side of the pond and, for once, it wasn’t Trump-related.
-
7IM takes on record high alternatives exposure
Seven Investment Management has upped its alternatives exposure to its highest-ever levels in response to high stock market valuations, low bond yields and concerns about political instability brought on by last week’s hung parliament.
-
ETF assets surpass $4trn milestone
Record inflows in May powered total assets invested in ETFs across the $4trn mark. And Europe is picking up the pace.
-
Charles Stanley back in profit after major overhaul
Charles Stanley swung back to a profit for the year ended 31 March 2017 on the back of its major transformation programme.
