Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Recent advances in lender technology are reshaping the mortgage market but are unlikely to challenge brokers’ dominant market share in the short term. However, the FCA’s desire to boost digital innovation could see “partial robo-advice” help lenders cut into advised business. A new Iress broker mortgage survey says brokers are set to control 70 per cent […]
Royal Bank of Scotland is dropping the RBS brand from more than 500 branches across England, Scotland and Wales. According to The Times, more than 300 outlets in England will be rebranded as Williams & Glyn, while in Scotland, the RBS name will be dropped for the full Royal Bank of Scotland. A further 1,000 […]
An NHS trust has closed a deal it offered new nurses to opt out of the generous NHS scheme in favour of a higher salary. The Oxleas Foundation Trust in south east London was offering newly-qualified ‘band 5’ nurses the choice of being paid money that would go into the scheme. It was understood staff […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]
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