The UK economy has emerged from recession, with the latest data showing growth of 0.1 per cent during the last quarter following a period of economic contraction which lasted six consec- utive months.
The final quarter last year was the busiest ETF trading quarter of the year, according to Barclays Stockbrokers.
FSA chairman Adair Turner has called for the creation of a new official body with powers to force banks to curb lending during financial bubbles.
Standard Life has held regular with-profit bonus rates at 2009 levels despite last year’s stockmarket rally.
Resolution has appointed three new directors to its board.
Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]