Story by: Gemma Westacott, FTAdviser
The pound sterling has been tipped to reach as high as $1.70 in the late summer or early autumn, following gains against the US dollar during the second quarter of the year.
Liontrust is preparing to launch a range of new funds this Autumn and is in talks to hire a new fund manager, FTAdviser has learned.
Investec Structured Products has improved the terms of Capital Guaranteed FTSE 100 Income plan with immediate effect for new applications and for investors subscribed to the current plan two, which opened on 1 June.
Jersey-based Bridport has launched a range of six funds that will aim to give investors a stable, positive return in any market cycle.
Axa Isle of Man has worked with Royal Bank of Scotland (RBS) to develop a new fund - the Axa Isle of Man Autobalancing fund.
A rogue oil broker allegedly caused a large spike in the Brent Crude oil market on Tuesday (30 June), triggering up to £6m of losses.
The number of publicly owned companies that reported a dividend increase in the second quarter of the year fell to a record low of just 233 companies.
Martin Currie Investment Management has made changes to its Global Equities funds, making Alan Porter co-manager on its £35m Global and £23m Global Alpha retail funds.
Private investments in gold bullion have increased by 43 per cent since the start of the year, as investors look to hedge against further economic crisis and inflation.
Sentiment towards the UK property and investment conditions increase dramatically over the last three months, according to 90 per cent of organisations working within these sectors.
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