Service sector dealt hammer blow as cost of living crunch sinks in June 7, 2022 The UK service industry was hammered last month, posting its worst performance for more than a year, as soaring inflation weighed down consumer demand. The closely-watched IHS Markit/CIPS UK services PMI survey scored 53.4 last month, tumbling from a 58.9 reading in April. Any score above 50 shows growth in the sector. However, this represented [...]
Wealth Managers and the Future of Trust: Insights from CFA Institute’s 2022 Investor Trust Study June 7, 2022 | City Talk Corporate responsibility is more important than ever. Today, many investors expect more than just profit from their financial decisions; they want easy access to financial products and to be able to express personal values through their investments. Crucial to meeting these new investor expectations is trust in the financial services providers that enable investors to [...]
Sunak says £15bn cost of living package will only add to inflation ‘minimally’ June 6, 2022 Rishi Sunak has moved to assure people that the £15bn cost of living package he recently announced will only “minimally” add to the UK’s inflationary pressures. The chancellor today told Westminster’s Treasury Select Committee that he had been careful “to make sure fiscal policy was responsible in that context”. The chancellor last month performed a [...]
Doceo market insights- Chips & Stout: How investment trusts can protect against inflation June 6, 2022 | Sponsored The promise This article will explain how an extra-large portion of chips and the finest Stout is just one of a number of strategies being deployed by investment trusts to tackle the threat of a sustained period of inflation. But first… The problem: too much tomato ketchup “The Federal Reserve and several administrations have [...]
Businesses warn inflation and supply chain crisis could be worse than impact of Covid-19 June 5, 2022 THE BUSINESSES at the backbone of the UK economy are increasingly worried inflation and supply chain issues will be more damaging to their prospects than the Covid-19 pandemic was, according to a closely watched sentiment tracker. Accountants BDO’s survey of medium-sized businesses suggests economic headwinds are squeezing both margins and wages – with tax hikes [...]
Ukraine mulls extra import duty as it hikes interest rate to seven-year high June 2, 2022 Ukraine’s central bank is considering bringing in an extra import duty on non-critical imports, having hiked its main interest rate to a seven-year high. The country has increased interested rates from a previously frozen 10 per cent to 25 per cent today, in the first tightening of policy from the National Bank of Ukraine (NBU) [...]
Ex rate-setter urges BoE to raise interest by 3 per cent to stop inflation June 2, 2022 The Bank of England (BoE) needs to raise its interest rates by 3 per cent if it wants to stop inflation, according to former UK rate-setter Andrew Sentance. Previously an external member of the BoE’s monetary policy committee, Sentance argued that interest rates need to be increased fast to contain inflationary pressures, which last month [...]
An update from Fund Manager of Triple Point Energy Efficiency Infrastructure, Jonathan Parr June 1, 2022 | Sponsored To watch the update video in full, visit: https://doceo.tv/funds/triple-point-energy-infrastructure The cleanest or greenest energy is the energy that is never used. The Triple Point Energy Efficiency Infrastructure Company plc is helping to reduce carbon emissions within the UK. Investing in energy efficient projects that are crucial for the transition to a low carbon economy and [...]
An update from Fund Manager of abrdn Asian Income, Yoojeong Oh June 1, 2022 | Sponsored To watch the update video in full, visit: https://doceo.tv/funds/abrdn-asian-income Market sentiment remains very jittery. The Russia-Ukraine conflict has further added to several macro challenges in Asia. These include a slowdown in China driven by regulation, the common prosperity policy, the zero-Covid strategy, as well as geopolitics. The spread of Omicron as well as rising inflation, [...]
An update from fund manager of Temple Bar, Ian Lance June 1, 2022 | Sponsored To watch the update video in full, visit: https://doceo.tv/funds/temple-bar Portfolio managers Nick Purves and Ian Lance aim to rotate the Trust’s investment portfolio into those companies which they believe are available at a significant discount to intrinsic value, buying and holding out-of-favour companies until share prices have recovered, at which point they will sell the [...]
