Investec’s Hutchins backs Woodford's recent reject BAT

Investec’s Hutchins backs Woodford's recent reject...

Investec Asset Management’s UK Equity Income manager Blake Hutchins has hailed British American Tobacco, recently ditched by Neil Woodford, as “the best global tobacco business”.

Published : 21, Jul 2017
JOHCM appoints duo for intermediary sales team

JOHCM appoints duo for intermediary sales team...

JO Hambro Capital Management (JOHCM) has strengthened its UK intermediary sales team with the hire of two sales managers.

Published : 21, Jul 2017
Europe’s fund industry facing dispersal as Brexit looms

Europe’s fund industry facing dispersal as Brexit...

Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.

Published : 21, Jul 2017
High borrowing and economic fragility may hit austerity easing

High borrowing and economic fragility may hit...

The scope for the Chancellor of the Exchequer Philip Hammond to ease austerity may be limited as public sector borrowing has increased while the economy remains fragile, according to consultancy Pantheon Economics.

Published : 21, Jul 2017
MSCI: UK worst performer in June

MSCI: UK worst performer in June

The UK was the worst performing single country index in June while Canada was the best, according to data by MSCI.

Published : 21, Jul 2017
Neuberger Berman adds China equity team to its arsenal

Neuberger Berman adds China equity team to its...

Neuberger Berman has hired a five-strong team to bolster its China equity offering.

Published : 20, Jul 2017
Growth funds dominate top-performing European equity league

Growth funds dominate top-performing European...

With the summer holiday fast approaching, it’s a good time to reflect. We look at which European equity funds have done best so far this year and why.

Published : 20, Jul 2017
Ex-Close man abruptly departs Saunderson House

Ex-Close man abruptly departs Saunderson House...

Saunderson House has lost its recently-appointed head of discretionary management service, Leigh Stephens, to Tacit Investment Management.

Published : 20, Jul 2017
Woodford gobbles up shares in consumer credit firm

Woodford gobbles up shares in consumer credit...

Neil Woodford is now the third largest shareholder in home collected credit company Morses Club, at a time when the Financial Conduct Authority has sub-prime loan firms under a microscope.

Published : 20, Jul 2017
Hot June leads to clothing spending spree

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.

Published : 20, Jul 2017
Smith & Williamson sees FUM swell to £19bn

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).

Published : 20, Jul 2017
Industry not expecting a hawkish Draghi at ECB meeting

Industry not expecting a hawkish Draghi at ECB...

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.

Published : 19, Jul 2017
Why the next global economic contraction could be only three years away

Why the next global economic contraction could...

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.

Published : 19, Jul 2017
Investors lap up RPC’s £100m share buyback

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.

Published : 19, Jul 2017
Smith & Williamson unveils Artificial Intelligence equity fund

Smith & Williamson unveils Artificial Intelligence...

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.

Published : 19, Jul 2017
Coutts finds opportunities in ‘undervalued’ sterling

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.

Published : 19, Jul 2017
Managers slash US weighting to nine-year low

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.

Published : 19, Jul 2017
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw

FPI acquisition by RL360° a ‘game changer’ says...Lock icon

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.

Published : 19, Jul 2017
Impatient ISA investors target Woodford, Train and Smith funds

Impatient ISA investors target Woodford, Train...

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.

Published : 18, Jul 2017
Ravenscroft begins UK retail push

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.

Published : 18, Jul 2017

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