Wednesday 26 May 2021 - 9:30am – 10am The outcome of Brexit has reinvigorated investor interest in the UK equity market. Join James Illsley, Portfolio Manager, and Andrew Robbens, Investment Specialist, as they...
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We publish our own news, analysis and unique fund manager performance information that helps professional investors such as financial advisers, wealth managers and fund selectors make the best decisions about where to place their clients’ money.
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FTSE hits 10-month high as it smashes through 6,800
The FTSE 100 has hit a 10-month high after soaring through the 6,800 barrier for the first time since the Covid-19 crash as investors cheered the Democratic win in the Georgia Senate election. By 3.30pm the main London index jumped 229 points, or 3.2%, to 6,842 as it...
FCA calls for more ‘resources and money’ to tackle pension scams
The FCA has told MPs on the Work and Pensions Committee (WPC) that it needs more funding to tackle pension scams as it has been ‘raiding’ cash reserves to pay for recent anti-scam campaigns. The FCA has run several campaigns in recent years. The main campaign,...
Newcastle IFA launches online academy for trainee advisers
Newcastle-based IFA Lowes Financial Management has launched an online academy for trainee advisers taking the Chartered Insurance Institute’s (CII) level 4 diploma in regulated financial planning. The academy offers 12-week courses for each of the R0...
Baillie Gifford adds manager to top £2.3bn European fund
Baillie Gifford has named Josie Bentley as a co-manager on its £2.3bn European fund. She joins as the fourth manager on the fund, alongside the triple AAA-rated duo of Stephen Paice and Moritz Sitte, as well as Chris Davies. Bentley...
Fundsmith knocked off sales top spot as Baillie Gifford dominates
Fundsmith Equity was knocked off the top spot of Interactive Investor’s monthly fund bestseller list in December for the first time since 2018. The broker described the handover to Baillie Gifford’s £6.6bn American fund as a ‘momentous’ moment, capping...
Ruffer nets £320m+ profit in two month bitcoin trade
Ruffer has bagged a profit of up to £693m from bitcoin, less than two months after buying into the cryptocurrency in November. Bitcoin’s stunning bull run has continued through the end of 2020 into the start of this year as its surged beyond $34,000 for the first time...
FTSE jumps 1.7% on first trading day of 2021
The FTSE 100 surged 3.1%, before paring back from highs to close 1.7% up, as it started its first trading session of 2021 buoyed by vaccine roll-out news and an oil price jump that lifted miners. The main index leaped 200 points before subsiding to a 111 point...
Encouraging outlook for 2021
It has been a grind back up, but all things considered, UK equities have remained pretty resilient in 2020 - and the outlook for next year looks encouraging. Six PMs explain why it's time to be optimistic and reveal where they are looking for opportunities.
Why I’m backing Britain
Domestic stocks have lagged international ones this year. Citywire spoke to several wealth managers and advisers who are backing Britain. It might be the least loved part of the most unloved market, but the UK mid-caps of the FTSE 250 are piquing the interest of...