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Richard Buxton: ‘I don’t hold much hope in UK growth’

Old Mutual Global Investors UK equity fund manager Richard Buxton says he doesn’t hold much hope for UK growth. Speaking at a conference hosted by AJ Bell today, Buxton said: “We are in a difficult place in the UK at the moment.” He added that current conditions were the “most unfavourable markets I have ever seen”. […]

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FCA chief says Brexit may impact plans to cut down rulebook

FCA chief executive Andrew Bailey says a proposal to slim down the regulator’s handbook may be hampered by how the UK decides to leave the EU. The Financial Times reports a proposal to overhaul the FCA handbook was part of its mission statement document published last month. Brexit is expected to bring change to financial […]

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Goldman Sachs in talks to shift billions of euros to Frankfurt over Brexit

Goldman Sachs is in talks with the European Central Bank over shifting assets and operations from London to Frankfurt ahead of the UK’s exit from the European Union, Reuters reports. The official line from the US investment bank is that Brexit presents “numerous uncertainties” and it is working through “all possible implications” of the vote. However, […]

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Pound rallies as Gina Miller wins Brexit legal challenge

SCM Investments founder Gina Miller has won a Brexit legal challenge that paves the way for MPs to vote on triggering Article 50. The court judgement says the Government’s argument is contrary to the “fundamental constitutional principles of the sovereignty of Parliament”. The Government has already confirmed it will appeal. If it loses, the triggering of Article 50, […]

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