Last week saw another instalment of the aftermath of the EU referendum result. This episode focused on Mark Carney, the governor of the Bank of England (BoE), as his policies and alleged bias being put under the microscope by Theresa May. Since the Conservative conference there has been tension between the government and the BoE, as comments around the “bad […]
On the 19th November 1967, in what has now become an infamous announcement, the then Prime Minister Harold Wilson, following the devaluation of Sterling from $2.80 to $2.40, said ‘It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.’ No one believed him then and the recent performance […]
Today we celebrate our two hundredth edition of our weekly update. We hope that the ‘How Windy is it… ?’ has helped provide relevant information along the way. In the four years it has been running, the delivery and presentation has evolved. However, the mandate has stayed the same: keep our clients informed.
So what happened last week? Continuing on from […]
National advice firm Beaufort Group has launched a finance facility to help new and established independent firms, which it says could help make it an independent version of St James’s Place (SJP). Simon Goldthorpe, executive chairman of the Beaufort Group said he had seen a lack of cash holding back both established independent businesses looking to develop and advisers wanting to start something […]
For those advisers committed to independence, life seems to be getting much tougher.
The recent Almary Green aborted deal with Standard Life has resulted in a lose-lose situation in that no deal has been done (with presumably substantial costs being expended) but Almary Green has lost a significant number of advisers as they were threatened with a restricted offering.
Continue reading at: https://www.ftadviser.com/opinion/2016/09/30/letter-to-the-editor-road-to-independence-offers-hard-choices/ […]
Not a great week if you are a Bank, Donald Trump, or even the European Ryder Cup team!
It appears last week, Markets temporarily switched their focus from Federal Reserve watching, to instead the US presidential debate and the prospects of an increasingly unlikely Trump victory. It would appear the polls are starting to swing back into Hillary Clinton’s favour, following […]
‘A week is a long time in Politics’ so the saying goes. Last week saw Jeremy Corbyn emphatically beat Mr Owen Smith’s challenge with 62% of the vote versus Mr Smith’s 38%. This leaves the incumbent with a reinforced and larger mandate and virtually invincible as leader of the Labour party at least until the next general election. What it […]
Seven is supposedly a lucky number. However, for two of largest smartphone manufacturers, last week was a mixture of luck for their series seven iterations.
Apple launched the iPhone 7 on Wednesday and the market was decidedly underwhelmed. In what has become an increasingly difficult act, the company struggles to match the demanding expectations from consumers and shareholders alike. While the […]
The old adage of ‘all is quiet on the Western front’ certainly applied to markets last week. Whilst global equity markets were a little choppy in anticipation of the Federal Reserve meeting this Wednesday there were no material data releases.
Eight years ago on the 15th September 2008 Lehman’s filed for Chapter 11 bankruptcy protection, the largest filing in history. Images […]
When is weaker news, good news? The answer appears to be in the US where The Federal Reserve interest rate rise chatter continued to dominate markets last week. The market implied September rate rise probability dropped to 32% at close on Friday, falling from 34%, indicating that a hike is likely to be pushed out to December where predictions continue […]