News

CURRENCY VIGILANTES

Mega-cap oil companies have a flawed business model, while unloved media stocks look excellent value, says Aviva Investors' head of UK equities David Lis.

The FTSE 100 had a slow start to the week, down 0.32% or 18.43 points to 5,684.94, following mixed sessions in Asia and the US.

The leaders of 35 of the UK's biggest companies have expressed their support for the government's plans for spending cuts running into billions of pounds.

The UK recovery is losing momentum and will slow over the winter but chances of a double-dip recession are "exaggerated", according to the Ernst & Young ITEM Club.

RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.

The Bank of England is likely to increase its quantitative easing programme by £100bn to aid the economy as the government cuts spending, the Centre for Economics and Business Research says.

River & Mercantile's Alex O'Reilly has his highest weighting to the US relative to history as a result of low valuations in the country.

Irish Wealth manager Bloxham has altered the investment process of the Elite Bloxham Global Equity Income fund in a bid to revive performance.

Large caps are offering once-in-a-decade opportunity on a valuation-and-yield basis, according to Mark Barnett, manager of the Invesco Perpetual Strategic Income fund.