View more on these topics

Threadneedle downgrades GDP forecast after profit warnings

Threadneedle is reducing its GDP growth forecast for 1999 on the basis of a series of profits warnings from a wide range of companies.


It says predicting that interest rates will fall rapidly next year.


Threadneedle&#39s European portfolios are increasing their exposure to domestic growth stocks and minimising exposure to companies sensitive to global economic activity.

Recommended

Mercury launches pension protector fund

Mercury Life is launching a fund for people in phased retirement or income drawdown schemes designed to win £25m of business.The Mercury Life Pension Protector Fund will invest a minimum of 92 per cent in long-dated gilts with the balance invested in options which will outperform gilts and equities.Mercury Life retail director Roderic Rennison says […]

Divorcees should sell not surrender with-profits endowments

Divorced couples could receive 30 per cent more money if they sell rather than surrender their with-profits endowment policies, according to a research report by Neville James.Neville James chief executive Morris Bisdee says: &#34Largely through ignorance, two-thirds of all policies taken out in the UK never see the end of their terms. By selling these […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment