UK economy contracts 0.1% in October
Falling below expectations of a modest 0.1% increase, according to the ONS
Abrdn
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PEOPLE MOVES: Evelyn Partners, Abrdn, Artemis, HSBC, Liontrust
Kate Morrissey joins as head of asset allocation
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abrdn appoints head of global multi asset as Russell Barlow steps down
Darren Wolf to succeed Barlow
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PEOPLE MOVES: abrdn, Pimfa, Rathbones AM, Axa IM, Neuberger Berman, Jupiter
Xavier Meyer comes in
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Abrdn appoints Xavier Meyer as investments CEO in restructure
Follows £3.1bn net outflows in Q3 results last month
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Analysis: Has the Budget revived for the fortunes for UK equities?
Most notable early impact so far has been felt in the AIM market
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Metal funds win out in October fund performance
Gold hitting all-time highs and silver rallying propelled precious metal strategies in the month
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PEOPLE MOVES: Abrdn, Mirabaud AM, Polen Capital, Goshawk AM
Steve Logan rejoins the company
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Chinese markets soar following announcement of ‘aggressive’ stimulus package
People’s Bank of China has announced measures to guide growth back to its 5% target
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Aegon, Quilter and Fidelity sign up to The Platforms Association
New trade body will co-ordinate and promote the industry’s interests
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UK inflation stays at 2.2% in August – but a rate cut still seems unlikely
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
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PEOPLE MOVES: Aegon AM, Schroders, Abrdn, Amundi, Lazard AM, Goodhart Partners, Jupiter AM
Richard Oldfield steps into CEO role