Signs of life in commercial property
Legal & General has announced a reduction of the fair value adjustment to its property fund from -15% to -10%. This led to the fund price rising by 4.3% on Friday. L&G noted it is still...
View ArticleEquities wilt in the heat along with the markets
The ‘wall of worry’ appears to be getting bigger, with investors trimming some positions after a good run that has seen some markets hit new all time highs. The situation in Turkey continues to provide...
View ArticleHelicopters will not be used
Markets are gearing themselves up for the ECB’s decision this afternoon, although given the crashing let-down from Mark Carney last week this time round most investors are not looking to get too...
View ArticleThe song remains the same
As we settle into the summer lull it is generally expected that markets drift sideways or lower as participants go away and volume dries up. This year has been so different from others in so many ways...
View ArticlePost-Referendum slump means rate cuts
Markit has released a one-off set of surveys of its purchasing managers’ indices (PMIs), which suggest that both the manufacturing and the services sectors are now contracting – raising the probability...
View ArticleECB likely to act in September
While we think Brexit uncertainty is mainly an issue for the UK economy, there is also bound to be some knock-on impact on the eurozone. With post-Brexit evidence still patchy, we think the ECB will...
View ArticleEmerging Markets – the big global trade
The big global trade right now is Emerging Markets (EM). EM fixed income is already performing well and is supported by strong technicals after years of excessive selling. Asset prices moved, but EM...
View ArticleInvestors have confidence in Theresa May
In a survey of 2,000 personal investors, 50% of respondents also indicated they have faith that Theresa May, David Davis and Boris Johnson will be able to navigate a positive Brexit outcome for the UK....
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EU Referendum impact on investing
To get a better insight into trading activity around one of the UK’s biggest political decisions, we have dissected the top bought and sold shares, sectors and funds – both before and after the...
View ArticleNext is sanguine on Brexit
But the company believes it’s still too early to draw any firm conclusions about the longer term impact of Brexit on consumer behaviour. Next sales in the second quarter rose 0.3% overall, driven by...
View ArticleInflation rise sparks sterling spike
That reversed sentiment for the pound, which earlier hit its lowest level against the euro since 2013 after a seven-day losing streak. “The Office for National Statistics has pointed out that although...
View ArticleCar dealership company Lookers posts results
This morning car dealership group Lookers reported first half numbers that were on the whole very encouraging as group revenues of £2.34bn came in ahead of expectations, while operating profits rose by...
View ArticlePost-Brexit economic figures defy expectations
Some good news for Britain’s retailers as retail sales figures for July, the first hard data announced in this area since the EU Referendum, showed they were better than expected. Sales rose 1.4%...
View ArticleTwo thirds of advisers not concerned by Brexit
A total of 95 advisers were polled online and at Russell Investments adviser events in London, Glasgow and Birmingham. When asked what impact ‘Brexit’ would have on both their business and clients,...
View ArticlePost-Brexit FTSE reshuffle is on the horizon
Next week the London Stock Exchange will outline who the casualties and new entrants of the FTSE 100 will be, in the first reshuffle since the Brexit vote. At present and unsurprisingly it looks like...
View ArticleWho wins and who loses in FTSE 100 reshuffle
In the first quarterly review since the Brexit vote The London Stock Exchange has announced that housebuilder Berkeley Group is to be relegated from the FTSE 100 and will be replaced by precious metals...
View ArticleDixons Carphone optimistic for future growth
Dixons Carphone said that revenue was up 9% year-on-year, with like-for-like revenue up 4%, indicating that it had seen no impact from Brexit so far. The company, which is one of Europe’s largest...
View ArticleEurozone has dodged Brexit bullet so far
The European Central Bank (ECB) has decided not to change rates or quantitative easing, which has not come as a huge shock to anyone. So far, the eurozone economy has dodged the Brexit bullet, however...
View ArticleEuropean equities: no substitute for quality
Brexit was a huge surprise for many – few people expected the UK to vote to break free of Europe. Without getting into the intricacies of how the UK actually goes about doing this, what it has done is...
View ArticleCorporate Europe remains upbeat despite Brexit shock
The economic outlook for the UK, of course, remains very uncertain – with survey data released since the vote suggesting a sharp slowdown looms. Most notably the manufacturing, construction and service...
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