UK

AUM grew by 6%

Further £600m allocated for PPI claims

Reported 15% drop in quarterly profits

Benefitted from sterling weakness

Some years ago, I wrote about our team's preference for maximum analytical flexibility as opposed to sector specialisation.

While the uncertainty caused by the Brexit vote may have called into question the long-term direction of travel for UK business, the country's creative industries continue to thrive.

First output cut for eight years

Slater Investments' Mark Slater said he is being forced to run an increasingly concentrated portfolio as the number of suitable growth companies declines.

Optimistic on international equities

Helped by weakening sterling