The MSCI AC World index fell for a second consecutive month in July, down by 1.53 per cent in dollar terms, as the fallout from the US sub-prime mortgage crisis spread to lower-quality corporate debt, pushing yields higher.We saw a flight to safety and strong demand for government bonds. Gains in government bonds and investment-grade […]
I know I’ve said it before, but this really doesn’t feel like summer yet – in more ways than one. The inconsistent weather seems to be echoing the state of the markets, and the financial services sector is suffering the ripple effect.
In response to Malcolm Murray’s letter (Money Marketing, August 2), I must call his assumptions into question. Given the importance of the retail distribution review, the last thing we need is statistics which are unsubstantiated and then become definitive due to a lack of challenge. Malcolm stated that the loss of offset was not as […]
Axa Framlington biotechnology fund manager Gareth Powell has left the firm to join Polar Capital.Powell took over the biotech fund in April 2005 from veteran manager Antony Milford.He is set to start at Polar Capital in October and the company is looking at launching a number of healthcare mandates for him and he will also […]
Sarah Scott – Marketing Consultant, Royal London This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]