Fund managers dumping UK stocks at fast rate
The scale of investor doubts over the UK economy is after fresh data found fund managers were pulling out of UK stocks at the fastest in more than two decades.Average equity allocations to the UK...
Retail sector struggling under heavy tax burden
An increasing number of the UK’s retailers will be forced to close down if businesses are hit with a further round of tax increases in the autumn, the head of the British Retail Consortium (BRC),...
Bank’s UK focus key to reaching top 10
After the head of UK investment banking at BNP Paribas, Matthew Ponsonby, stepped down from the role earlier this year, the French bank turned to Mark Lynagh to replace him. Lynagh, who had spent 15...
US bank aims for $100 bn in European active ETFs
JPMorgan Asset Management wants to grow its active ETF assets to more than $100 billion in Europe over the next five years, as the Wall Street giant seeks to keep its lead in the fast-growing...
Construction sector suffers sharpest fall in five years
Since the coronavirus pandemic in 2020, work in the UK’s construction industry is contracting at a fast rate with high costs and tax rises. The sector is vital for the Labour government’s plans...
London is finding favour again from investors
Investors are cutting their exposure to American equites and returning to the previously unloved British market, according to the London Stock Exchange Group (LSEG), adding to evidence that President...
US investors swoop in £6 bn tech takeover
The frenzy of UK tech takeovers shows no signs of slowing down after three separate billion-pound M&A moves were made within hours of each other as US tech giants continued their hunt for British...
Non-dom crackdown is also driving rich Britons from UK
The hordes of wealthy foreigners leaving Britain to escape the government’s non-dom (not domiciled) crackdown are being joined by high-net-worth Brits capitalising on an arcane element of the policy...
Business investment falls along with low productivity
Business investment in the UK fell by four per cent in the second quarter of the year despite moderate growth of 0.3 per cent, official data has shown, as top economists are pointing to low...
Business confidence plunges sharply over taxes
Business directors’ confidence in the UK economy has plunged to a record low, with companies unconvinced by Chancellor Rachel Reeves’ growth-focused policies as the impact of last year’s tax...
IMF changes tune on global growth as tariffs ease
The world economy will not suffer as badly from President Trump’s tariffs as previously thought, the International Monetary Fund (IMF) has predicted. Global growth is set to be three per cent this...
US banks have added 11K jobs in EU since Brexit
The world’s top five investment banks have added nearly 11,000 employees to their European Union hubs since Brexit. Goldman Sachs, Bank of America, JPMorgan, Citigroup and Morgan Stanley have added...
Stock market IPOs up in the US and down in Europe
Worldwide, there were 539 stock market flotations in the first six months of the year, but despite Ireland’s economy being generally strong within the European Union – particularly in terms of GDP...
Substantial cut in tariffs in UK-India trade dea
The leading feature in the recent free trade agreement signed by the United Kingdom and India, during the visit by India’s Prime Minister Narendra Modi to the UK, is the reduction of tariffs on a...
Rise in jobs in Ireland’s financial services after Brexit.
The number of jobs in Ireland’s financial sector has seen a major increase from 35,000 in 2015 to just over 60,000 now, an increase of almost 70 per cent, according to a consultation paper published...
For investors, UK is now ‘an attractive place to be’
The chief executive of James Henderson — a British-American global asset management group headquartered in London — Ali Dibadj, has said international investors are “starting to take notice”...
European banks grab market share from rivals
European investment banks have grabbed market share from their Wall Street rivals on their home turf as protectionist US policies have renewed focus on the continent. The top European investment banks...
Voters vent at Labour after disorganised first year
Voters have delivered a withering verdict on the Labour government after a week in which the anniversary of their election victory was marred by shambolic U-turns and infighting.Voters’ disapproval...
For investors UK is now ‘an attractive place to be’
The chief executive of James Henderson – a British-American global asset management group headquartered in London – Ali Dibadj, has said international investors are “starting to take notice”...
England dismissed for 387, India 44 for one at tea on second day
London: Having lost the first wicket on 13 with Yashasvi Jaiswal dismissed in only the second over of the innings, India had progressed to 44 for one at tea on the second day of the third Test, KL...