Brexit is not proving an asset to these fund managers’ share prices June 27, 2016 London-listed asset managers have been among the companies worst hit by Brexit on the stock market. Schroders’ share price was down by around nine per cent to 2,164p on Monday. This followed a 12 per cent fall from 2,711p on Friday after the results of the vote emerged. [custom id="161"] Elsewhere, Legal and General Group’s [...]
Week ahead: Markets set to feel the Brexit burn as uncertainty reigns June 27, 2016 The spotlight will this week continue to be firmly on the implications of the UK’s shock decision to quit the European Union. Markets are expected to be on post-Brexit watch, with twitchy traders nervous over potential volatility. After the vote on Thursday the FTSE 100 dived more than eight per cent at the open on Friday [...]
Wealth management and investment bodies to fight for “continued success and stability” after Brexit June 26, 2016 Wealth management bodies are setting out to ensure “continued success and stability” in the industry after last week’s vote for Brexit. The Wealth Management Association (WMA) believes the vote will now lead to a “prolonged period of uncertainty”. The organisation said in a statement: “It is important that there is a focus on long term [...]
Before the bell: What you need to know before the US market open June 24, 2016 The UK's vote to quit the European Union in a so-called Brexit has thrown markets around the world into meltdown and the US looks like it's heading the same way. Here's what you need to know before the US market open at 2:30pm. In the pre-market, US stocks are pointing straight down. The S&P is off by [...]
The systems of some of the UK’s biggest brokers are straining under post-Brexit demand June 24, 2016 Some of the UK's biggest brokers are struggling to keep up with demand as investors rush to sell following the vote for the UK to leave the European Union. Hargreaves Lansdown, AJ Bell and TD Direct Investing have all said they've had difficulties getting prices from market makers following the market open at 8am. Some of [...]
What Brexit means for investors: Neil Woodford looks beyond short-term uncertainty June 24, 2016 Fund manager Neil Woodford has played down the longer term significance of Brexit on the economy, urging investors to “look through this period of uncertainty”. “Markets are clearly shocked by the decision but, in our view, it is not as negative a development as the market’s initial reaction appears to imply,” he said on Friday [...]
FTSE 250 suffers its sharpest ever drop as London-listed shares take a hammering from the Brexit vote June 24, 2016 The FTSE 250 index opened down 11.4 per cent this morning, its worse ever fall, after the UK voted unexpectedly to leave the European Union. It has recovered somewhat in the 30 minutes of trading so far, moving to just 9.7 per cent lower. Unlike the FTSE 100, the 250 index is largely made up of domestic [...]
Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
Wealth management firms told to target social media as they face fintech challenge June 23, 2016 Wealth management firms are being encouraged to up their game on social media to better cater for the digital needs of high-net-worth individuals (HNWIs). Capgemini’s 20th World Wealth Report also warned fintech companies are “making inroads along the entire expanse of the wealth management lifecycle”. “Firms need to be making progress on all aspects of [...]
Before the bell: What you need to know before the US market open June 22, 2016 It's the calm before the storm as investors await a second round of testimony from Federal Reserve chair Janet Yellen and the UK Brexit referendum approaches. Here's what you need to know before the US market open at 14:30 London time. In the pre-market US futures are up, albeit barely. The S&P is up by 0.05 per cent. [...]