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 [...]
What Brexit means for your pension June 24, 2016 The UK went to the polls yesterday to make the historic decision to leave the EU, a result the markets had not exactly geared themselves up for. More than £100bn was wiped off the FTSE 100 this morning, while the pound dropped to its lowest point against the dollar in over 30 years, so many people [...]
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 [...]
Tips to make sure you’re prepared for the crowds and disruption June 24, 2016 Business travel can be both inspirational and a chore. With Euro 2016 now well underway, those lucky (or unlucky) enough to be sent across the English Channel on business may be in store for some disruption. Companies must ensure a seamless travel experience if they want their staff to be on the ball in early [...]
Bitcoin price has risen more than $100 in the last 12 hours as traders panic over the EU referendum results June 24, 2016 Bitcoin has risen in value by more than $100 in the last 12 hours, as traders panicked over the outcome of the EU referendum. Just before 4am its value was at $654.08 – up from $563.92 at 5pm yesterday, according to Coinbase. The pound was taking its worst battering in years after it fell more than seven [...]
Pensions minister Ros Altmann is to meet with campaigners seeking to soften changes to women’s state pensions June 23, 2016 Pensions minister Baroness Ros Altmann will meet with campaigners next week as she seeks to convince colleagues of the case for reform on women's state pensions. Altmann will meet the Women Against State Pension Inequality (Waspi) group on 29 June to hear complaints over the rising state pension age. Speaking to City A.M., Altmann said she had [...]
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. [...]
