The pound has fallen to a new 31-year low against the dollar as the Bank of England announced new measures to ease lending to help the UK economy cope with the impact of the ‘Brexit’ vote. The pound fell 1.1% to $1.314, below the levels hit in the immediate aftermath of the UK’s vote to leave
Sterling suffers renewed pressure as polls underline lead taken by ‘leave’ campaign ahead of vote on UK’s European Union membership – The pound has fallen against every major global currency after polls underlined the lead taken by the ‘leave’ campaign ahead of the referendum on the UK’s European Union membership. Sterling lost ground even against the
Mining stocks have weighed on the FTSE 100 after a big drop in exports from China, the world’s top metals consumer, spooked investors. The UK blue chip index fell 53 points, or 0.9%, to 6,129, with mining stocks registering heavy falls on news that Chinese exports tumbled 25.4% in February, a much bigger fall than
Fund group says funds run by Citywire AAA-rated Gervais Williams, George Godber and Georgina Hamilton may ‘reach capacity’ this year. Funds run by star managers Gervais Williams, George Godber and Georgina Hamilton are nearing capacity after strong performance and a surge of inflows. Fund group Miton (MRGM) warned Citywire AAA-rated Williams’ Miton UK Multi Cap
Neil Woodford sells aircraft engine manufacturer he has held for almost a decade, saying recent profit warning has shaken his confidence in the business. citywire AAA-rated fund manager Neil Woodford has sold Rolls-Royce after nearly a decade of holding the aircraft engine manufacturer. Woodford sold the stock from both his Woodford Equity Income Fund and Woodford Patient
