BoE positivity ‘undermined’ by Brexit uncertainty
Uncertainty over the future of the UK’s Brexit negotiations tempered Bank of England forecasts published on Thursday (11 May).
News
-
-
AJ Bell launches online hub to cut through due diligence confusion
AJ Bell has launched an online hub to help advisers and wealth managers navigate the tricky world of due diligence when choosing investment platforms.
-
Warning over clients identifying as self-directed after advice
More than a third of investors in Europe who say they are manging their own investments have in fact paid for advice, a survey has warned.
-
JP Morgan: Time to start loving industrials again
The global economy is finally emerging from the doldrums of the financial crisis and it is a prime time to move into more ‘unloved’ industries says Francesco Conte, co-manager of JP Morgan’s European Smaller Companies Investment Trust.
-
BT shares fall as it slashes jobs in £300m overhaul
BT’s shares suffered a setback today following the announcement the telecoms giant was to cut 4,000 jobs as part of an overseas shakeup.
-
Mumford: Ignore Glaxo, smaller healthcare stocks have better prospects
Increasing pressure on the market’s healthcare giants makes them unattractive compared to more exciting smaller companies, Cavendish’s Paul Mumford has said.
-
Rathbone Brothers makes hay in first quarter with bumper asset growth
Wealth manager Rathbone Brothers has reported a 4.7% rise in funds under management to £35.8bn in the first quarter, driven by market gains.
-
Brooks Macdonald: Now is a dangerous time to invest in passives
The hype around passive products has never been more intense, but Brooks Macdonald Asset Management’s Jon Gumpel warns that there could be danger ahead for passive investors.
-
Executive shake up for Succession group
Succession has bolstered its executive team of both its wealth management and platform businesses.
-
Old Mutual Wealth acquisition adds £120m in assets
Old Mutual Wealth has boosted its assets under advice by £120m following its acquisition of a Cheadle-based financial adviser.
-
SLI reveals £2.8bn GARS outflows
Outflows of £2.8bn from Standard Life Investments’ Global Absolute Return Strategies fund blighted flows for the first quarter of 2017 according to a trading update.
-
IMFA’s Field: ‘Blurring of the edges’ in adviser/wealth manager business
The FSCS levy and understanding the value of advice will be the first IMFA projects, with chief Liz Field admitting she does not yet know the figures in the overlap between WMA and APFA members.
