The UK’s Consumer Prices Index measure of inflation rose by 0.3 per cent in January, up on December’s 0.2 per cent rise. The latest figures from the Office for National Statistics show the rise was mainly led by petrol prices, with food, alcoholic beverages and clothing also pushing up the rate. The effects of the constant […]
Has Labour gone AWOL from the financial services beat? That was the question asked by Money Marketing last week, following a reshuffle by the party that has seen four shadow pensions ministers appointed in less than a year. The latest through Labour’s revolving door on pensions, unknown MP Angela Rayner, replaces the equally anonymous Nick […]
Alliance Trust Investments chief executive Katherine Garrett-Cox is to stand down from the helm of the investment trust after almost eight years in the role. In a statement issued this morning, Alliance Trust says the move has been mutually agreed with the board. Garrett-Cox will leave the business on 11 March. It says responsibilities of […]
Standard Life has revealed the details of its directors’ pay packages, with former chief executive David Nish continuing to be paid his £835,000 salary while on gardening leave. Nish’s notice period began on 1 July last year and he is now on gardening leave until 31 March. He is also eligible to receive a bonus […]
Macroeconomic matters are less significant for stockpickers, says fund manager Philip Wolstencroft. The companies in his portfolio are growing reliably and stand at a 20 per cent discount to the market.
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