Ashmore: Billions pulled from fund manager as risk appetite remains ‘subdued’
"Investor risk appetite remains subdued and institutional decisions to reduce Emerging Markets exposure continue to drive net outflows," Ashmore said in a trading update.
High interest rates and the election dampened London prime property market
It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the dip in demand, as buyers wait
FTSE 100 today: London markets set for third consecutive day of gains
Asian stocks slipped as US tech shares fell, and the two-year Treasury yield dropped to a four-month low. Focus on US producer prices.
UK banking complaints hit 10-year high amid surge in third-party claims
Official UK banking complaints have hit their highest level in a decade, partly driven by claims management companies that the financial ombudsman is trying to clamp down on.
Government plan to get people back into work and tackle economic inactivity announced
Labour has laid out its first steps to get people back into work as the new government attempts to tackle the worrying rise in economic inactivity.
Passenger numbers take off at owner of Manchester, London Stansted and East Midlands airports
The group which owns Manchester, London Stansted and East Midlands airports has seen passenger surge over the last year amid booming demand for travel.