Hargreaves Lansdown resident Hard Man Tom McPhail has been pipped to the post by Ben Yearsley. Both were competing in the Bristol half-marathon last weekend but despite rumours being spread by McPhail questioning Yearsley's fitness, the investment manager Yearsley stormed home in front. The Diary hears that McPhail didn't actually finish the race too much DIY the day before, apparently.
The global trade deficit in goods narrowed in July. It now stands at 4.3 per cent GDP. The improvement was aided by a dramatic drop in the shortfall in non-EU trade which fell to its lowest level since May 2002 and exports to the US climbed by £400m according to Gerrard's latest figures.
It is believed that t he FSA is re-investigating some providers which have missold mortgage endowments because it does not think they are treating consumer complaints properly.The news comes as a warning to providers which may be dragging their feet when it comes to awarding compensation to policyholders.With many of the current mortgage endowment investigations […]
Type: Fixed-rate mortgage Fixed term: Seven years Fixed rate: 4.99% Minimum loan: £25,001 Maximum loan: Up to 95% of valuation subject to a maximum loan of £1mIncome multiples: Up to 3.5 times principal income plus second for borrowers earning less than £20,000 a year, up to four times principal income plus second for borrowers earning […]
House prices remained buoyant in August, increasing by 1.3 per cent following a fall of 1.4 per cent in July according to the Halifax house price index.The annual rate of house inflation stands at 19.1 per cent, pushing the national average price of a home up to £133,908.Mortgage payments for a typical new borrower are […]
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
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Let’s talk about discretionary fund managers. It’s an important conversation to have: even advisers who adore their investment manager admit that the market as a whole is murky, highly profitable and a nightmare to compare. They are also growing in importance, in terms of both volume of assets and the number of advisers that are […]
I have noticed a new trend among advisers at conferences lately. Instead of boasting about the number of clients they have or the size of their cases, all the talk now is about how little they are working. This struck me the most when I was listening to someone extolling his recent yachting trip. The […]
Rathbones has posted an 18 per cent increase in profits, helped by strong markets and net inflows of new client money pushing total assets closer to its target of £40bn. In its results published today, the wealth manager says assets under management during the period were £39.1bn, an increase of 14 percent from the previous year, […]