View more on these topics

CBI survey shows only brokers and fund managers optimistic for 1999

Insurance brokers and fund managers are the only sectors in the financial services industry expecting significant growth in the first quarter of 1999.


Other sectors are heading for a sharp slowdown in business and significant job losses in the first quarter of 1999, according to a survey by the Confederation of British industry and PricewaterhouseCoopers


The survey found that 45 per cent of firms are less optimistic about their business prospects than they were three months ago. Firms&#39 expectations are at their lowest since September 1992.


CBI associate director of economic analysis Sudhir Junankar says: &#34Looking ahead the picture remains gloomy as financial service firms do not expect to escape the economic slowdown. Over the first quarter of 1999 growth is likely to be much slower and significant job cuts are expected.&#34

Recommended

Portman beats MPC rate cut

Portman Building Society says it is striking a blow for mutuals by reducing its standard variable mortgage rate by 0.35 per cent to 7.25 per cent.High street banks cut have mirrored the bank of England&#39s 0.25 per cent reduction but Portman says it wants to demonstrate that traditional building societies can consistently beat the competition.It […]

Britannia boasts of unit trust success

Britannia Asset Management says that ten of its 11 unit trusts outperformed their sector average over the 12 months to December 31 1998.The fund manager says it is delighted that its UK General and Pacific growth funds have been given AA ratings by Standards & Poor&#39s Fund Research.Eight of the ten qualifying unit trusts are […]

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment