Markets
News by: Danielle Levy
US bounces back with 4% GDP growth in Q2
The US economy grew at an annual rate of 4% during the second quarter, bouncing back from a 2.1% decline in the first quarter.
Heartwood breaches £2bn asset landmark
Heartwood Investment Management saw record inflows over the first half of the year, particularly within its multi-asset fund range.
Towry makes four executive promotions
Towry has promoted four of its senior partners to executive partners.
Analysts upbeat on Jupiter despite private client revenue hit
(Update Jupiter’s pre-tax profit was down 18% during the first half of the year, as costs associated with the sale of its private client business and a £2.6m write down relating to Adria took their toll.
Barclays profits down 7% as PPI and litigation costs mount
Barclays' pre-tax profit fell 7% fall to £3.3 billion over the six months to the end of June.
Barclays bosses face second lawsuit over dark pools
A US investor is suing Barclays alongside its current and former bosses over losses suffered in relation to its dark pool.
Woodford effect: UK equity income attracts record inflows in June
UK equity income funds attracted a record inflow of £1.4 billion in June, buoyed by star manager Neil Woodford's high profile fund launch.
SJP launches level 7 masters in wealth management
St James’s Place has joined forces with the Loughborough School of Business and Economics to launch a level 7 Masters degree in wealth management.
Who has been buying & selling Brewins and Charles Stanley?
BlackRock, Artemis and Miton have all sold down positions in the listed wealth managers.
Rule or tool: Should you override a suitability risk profiler?
Coutts’s recent warning to clients that it must check the suitability of portfolios pre-retail distribution review (RDR) serves as a stark reminder that the sector continues to grapple with this profound issue.
Hargreave Hale boosts team with Bestinvest hire
Hargreave Hale has added to its London team with the hire of Jeannette Cottrell from Bestinvest, where she worked as a senior investment adviser.
£400k revenue growth leaves Charles Stanley directors 'disappointed'
Charles Stanley posted paltry asset and revenue growth over the three months to the end of June, impacted by poor commission income.
Brewin revenues fall on trail switch
Brewin Dolphin’s revenues took a tumble over the 12 months to the end of June, as its switch out of trail and move to a national rate card took its toll.
Why Ashcourt Rowan's Polin has £10bn in his sights
Assets of discretionary investment firms currently up for sale look overpriced, Ashcourt Rowan chief Jonathan Polin has warned.
8 of the best perks private banks are offering to win clients
Few can say they do not want to be made to feel special. Private banks know this all too well and have it as part of their resolve to attract wealthy, loyal clients. Here we look at some of the best perks they offer…
FCA warns more fines are on their way
FCA chief Martin Wheatley has warned the banking sector to prepare for further action.
Profile: Nutmeg - 'there is regulatory momentum behind us'
Almost two years since its launch, Nutmeg has never been stronger
What will come onto HMRC's radar next?
We explore what the Revenue will look at next, as it gains direct access to bank accounts.
Barclays man quits for private bank Hampden
Barclays’ Edinburgh-based private banker Chris Cowan has resigned to join new Scottish private bank Hampden & Co, formerly known as Scoban.
Scottish economy outpaces UK on manufacturing surge
The Scottish economy outpaced the UK's over the first quarter, powered by strong activity in manufacturing.
News sponsored by:
Unconstrained investing: Opportunities accross the board
SLI's Ed Legget, Thomas Moore and Mikhail Zverev discuss unconstrained investing.
On Citywire today
Franklin Templeton's Richard Bullas on UK smaller companies
Richard Bullas, Portfolio Manager, Franklin UK Smaller Companies Fund and delegates at Citywire South West talk UK smaller companies.
Wealth Manager features
Citywire TV
BlackRock UK Special Sits: when will we sell our star holdings?
What would prompt Roland Arnold to sell the likes of Ashtead and Howden?