Subtly does it by the ECB on banks’ capital requirements

28 July 2016

insight

Gary Kirk,Partner, Portfolio Management, at TwentyFour Asset Management assesses the ECB’s capital treatment of banks. As we wait for the results of the latest EU bank stress tests, due to be released tomorrow at 9pm CET, we were encouraged to see a couple of subtle changes to the capital treatment, which should provide considerable comfort […]

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Shell maintains dividend as earnings slump, but analysts ask for how long?

28 July 2016

insight

Royal Dutch Shell has held its interim dividend steady, at 47 cents, despite underlying earnings for the quarter falling 72% to $1.0bn. The group saw a positive contribution to earnings from the Integrated Gas ($982m) and Downstream ($1.7bn) divisions, more than outweighing a $2bn loss in the Upstream division, which saw exceptional charges of $649m. Oil and […]

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Ten reasons to allocate more to emerging markets

27 July 2016

insight

Jan Dehn, head of research at Ashmore, outlines the case for allocating to EM, even if uncertainties linger in developed markets. Highlighting arguments from recent Ashmore research reports, Dehn makes the case for allocating to EM has been building over the past 12 months. Emerging Markets (EM) have performed a lot better this year than […]

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ITV’s Studios driving revenue growth

27 July 2016

insight

ITV’s interim results for the six months to 30 June 2016 show total external revenue was up 11% to £1,503m. This has been driven by growth in ITV Studios external revenue, which rises to £442m, an increase of 38%. In Broadcast & Online, total revenue is up 3% to £1,061m, with Net Advertising Revenue flat […]

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UK economy beats expectations and grows at 0.6%

27 July 2016

insight

The UK economy grew at 0.6% in the second quarter of the year defying expectations that it would repeat the first quarter’s 0.4%. The figures have been welcomed by the Chancellor of the Exchequer Philip Hammond as placing the UK in a good position before Brexit negotiations begin.  Analysts have urged some caution given that […]

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Sir Philip Green’s tenure at BHS condemned by MPs and they demand he makes up pension deficit

25 July 2016

insight

Sir Philip Green’s management of BHS has been blamed for the failure of BHS and its pension fund in a damning indictment from two committees of MPs. The MPs have also called for a revamp of company law and pension fund regulation. The Work and Pensions and Business, Innovations and Skills Committees conclude that Sir […]

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Manufacturing output grows but is expected to slow in next three months says CBI

25 July 2016

insight

Manufacturing output and domestic orders saw firm growth over the past quarter, but both are expected to slow over the next three months, according to the latest quarterly CBI Industrial Trends Survey. Following a slowdown in activity towards the end of 2015, which spilled over into the first half of this year, the survey of […]

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Expert Opinion: Post Brexit, productivity is key for Britain and employers can help

25 July 2016 by Steve Herbert

insight

In January – shortly before the date of the EU referendum was announced – I wrote this article for Mindful Money in which I questioned how UK business would fare in the event of a Brexit decision.  My concern centred on the productivity and engagement deficit of Great Britain when compared to most other members […]

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Expert Opinion: Central banks remain key but governments could and should issue long dated debt

25 July 2016 by Chris Iggo

insight

News reporters, political analysts and lawyers are certainly the occupations in most demand in this year of surprises. The 2016 ‘Almanac of World Events’ will be a mighty tome. On the whole, events have reinforced feelings of pessimism amongst investors, only lightened by the promise of cheap money forever. But it is not all bad. […]

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Can gold really act as a hedge?

22 July 2016

insight

With the Federal Reserve due to meet next week, Samy Chaar, Investment Strategist at Lombard Odier, discusses the outlook for gold amid ongoing market fears and potential Fed repricing.  “The rally in gold prices (+27% year to date) was impressive during the first quarter, as well as after the Brexit shock, largely as a result […]

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