FCA chairman John Griffith-Jones has said a delay to MiFID II implementation is "not ideal" but a year-long reprieve would provide a more achievable timeframe for firms.
Emerging market turmoil causing significant outflows
Would not undermine UK as financial centre
Ends 27-year stint at helm of Asia Pacific fund
US jobs report stronger than expected
The growing influx of overseas investors into the London stockmarket is providing opportunities for UK multi-cap managers to find overlooked 'valuation anomalies' further down the market-cap spectrum.