Hints and tips:
...M&G’s share price rose by about 2 per cent in morning trading....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...M&G reported net client flows of £700mn in the period, with gross inflows to the PruFund of £3.3bn, the highest since 2019....
...The move follows M&G’s decision to close its £565mn property fund last week after the asset manager blamed “declining interest” from retail investors....
...M&G has told customers there will be a wait of up to 18 months to get all their money back....
...This includes Transact, Nucleus and M&G’s Wealth Platform, with Abrdn’s Wrap platform and AJ Bell’s Investcentre offering deposits through Sipps....
...Now they are losing patience, writes my colleague Sally Hickey in London....
...As Lena Komileva at G+ Economics writes: “The big question for the markets now is whether an extended period of rate repression will extend the US growth cycle, warranting higher US 10yr yields, or sow...
...May seeks early election to take UK through Brexit ——————- As BNY Mellon’s Simon Derrick says, the snap poll gives Mrs May “the likelihood of an increased majority, a clear mandate and holding the next...
...Meanwhile, three months into the Trump presidency, the market is learning a little more about his political approach, says BNY Mellon’s Simon Derrick. “This suggests . . ....
...It is also important that all G-20 members honour their commitments to refrain from competitive devaluation, and to not target exchange rates for competitive purposes....
...Take note of the coincidental flow factors that support the story via this chart from Simon Derrick at BNY Mellon: If Derrick’s gut feeling is right, the whole commodity rout was in that sense probably...
...Simon Derrick, chief markets strategist at BNY Mellon, said a Yes vote would leave the financial markets facing “a significant number of uncertainties”....
...[Quick update, 11.14] From an email conversation with BoNYM’s Simon Derrick: FX intervention/currency manipulation has had variable political acceptance over the past forty years or so....
...The room is dominated by a striking painting by Texas artist G. Harvey called ‘Boomtown Drifters’, showing horsemen riding past a line of primitive oil derricks in the early years of the 20th century....
...Bank of New York Mellon’s Simon Derrick comes to a similar conclusion on Wednesday....
...BNY Mellon’s Simon Derrick: If it is a choice for Athens between staying within the Euro-area under its current configuration or reintroducing the Drachma then we believe they should choose the latter....
...Kelvyn Derrick, for services to engineering. Geoffrey Drage, for services to intellectual property rights. Richard Emery, broadcaster. Jane Gardam, author....
...There is this to be said for modern cruise ships: that because they stalk the seas like amphibious machines from H.G....
...While is doesn’t come out as often as it used to, it’s still excellent; and 3) I subscribe to Fred Hickey’s newsletter, The High-Tech Strategist, which always has good insights into what’s going on in the...
...Tom Hickey, Tullow Oil chief financial officer The ?big four? accountancy firms ?The 10 per cent increase was more than we thought....
...John Hatherly, head of global analysis at M&G, attributed the rally to a cocktail of rising earnings, optimism on the US economy, perceived cheapness of equities and a ready supply of cash on the sideline...
...In other words the value chain would comprise: production company to distribution site (e.g. iTunes or Sony Connect) to consumer....
International Edition