Markets

Blue Whale defies crisis to grow by £124m

Blue Whale defies crisis to grow by £124m

The Peter Hargreaves-backed Blue Whale Growth fund has defied the recent market volatility to grow by more than £100m since the beginning of the coronavirus crisis. The fund, which has returned 58.6% since inception in September 2017 to 10 June and...

The long and short of it: Review of markets in April

The long and short of it: Review of markets in April

It is remarkable how quickly the alien becomes routine. Having settled into lockdown and working from home, my previous life seems a distant memory. I have to remind myself that I have only been working from home for 7 weeks. Lockdowns have been effective in bringing...

Rathbones adds £450m with Barclays Wealth unit acquisition

Rathbones adds £450m with Barclays Wealth unit acquisition

Rathbones has completed the acquisition of Barclays Wealth’s personal injury and court of protection business for an undisclosed sum. The deal, which was announced at the end of last year, will see around £450m worth of assets transferred to Rathbones. As part of...

The long and short of it: Review of markets March 2020

The long and short of it: Review of markets March 2020

The beginning of a period of unprecedented social lockdown that will mark a moment in human history. This is not to say that the economic impact is necessarily going to be as harsh as in the Great Financial Crisis of 2008 or change the political map like the fall of...

Investec scraps IPO sale of Ninety One stock in turmoil

Investec scraps IPO sale of Ninety One stock in turmoil

Investec has decided against selling a 10% stake in its funds division Ninety One as part of its planned listing of the business next week.  Investec emphasised that the planned listing on the London Stock Exchange remained on track for 16 March, but it...

FTSE falls 7.9% as US stocks trigger suspension after oil crash

FTSE falls 7.9% as US stocks trigger suspension after oil crash

Update: The FTSE 100 has fallen back under the 6,000 mark after a 7% plunge at the US open triggered a suspension to dealing on US stock markets. The UK blue-chip index was down 478 points, or 7.4%, at 5,983, as dealing on US stock markets was halted for 15...

Can better buses solve Britain’s productivity problem?

Can better buses solve Britain’s productivity problem?

‘Investment, be it in human capital or physical infrastructure, must be the way to level the country up’. The UK has a productivity problem, everyone agrees that. Since the financial crisis of 2008-09, growth of output per worker has remained pretty much flat. Output...

Aviva lobbies FCA to change advice-guidance boundary

Aviva lobbies FCA to change advice-guidance boundary

Life and pensions giant Aviva is directly lobbying the regulator about its concerns over the boundary between regulated advice and guidance, New Model Adviser® can reveal. Last week, the Association of British Insurers (ABI), of which Aviva is a member,...

FTSE climbs in choppy trading as US opens higher

FTSE climbs in choppy trading as US opens higher

Update: The FTSE 100 has climbed back into positive territory in a choppy day of trading, helped on its way by US stock markets opening higher. The UK blue-chip index rose 81 points, or 1.3%, to 6,662, up from a low of 6,503 reached after the Organization for...