Quilter Cheviot News
19.12 / 10:56
acquisitions
Real Estate
London Stock Exchange
Investment trusts
REIT
LondonMetric Property in talks to acquire LXi REIT
The boards said a merger would result create a UK-focused triple net lease REIT of scale with a pro forma gross asset value of approximately £6.4bn and market capitalisation of £3.9bn.
10.06 / 08:17
economy
Research
trends
reports
Rate Cut
Fed rate cut 'off the table' as US economy adds 272,000 jobs
This marks an increase in the 175,000 pace notched in April and a higher average monthly gain than the 232,000 over the past twelve months. Wall Street had forecast an increase of around 185,000 jobs. The May employment report also revealed a slight stimulation of average hourly earnings growth from 0.2% in April to 0.4% in May. This means that the average hourly earnings have increased by 4.1% over the past twelve months. Richard Carter, head of fixed interest research at Quilter Cheviot, said: «With average hourly earnings also continuing to trend upwards in the US, this data has t...
10.04 / 14:57
Target
Research
track
Rate Cut
US inflation spike to 3.5% tempers Fed rate cut expectations
The Bureau of Labor Statistics revealed the US Consumer Price Index rose to an annual rate of 3.5% in March, an increase from February's figure of 3.2%. Similarly to February, shelter and gasoline were the biggest contributors, responsible for over half of the monthly increase in the index for all items. Jerome Powell: Rate cuts likely as US inflation is on track to meet target Richard Carter, head of fixed interest research at Quilter Cheviot, said the figures have «dashed any remaining hopes» for a May rate cut, as CPI is «firmly» above the Fed's 2% target and has been heading i...
12.02 / 13:47
People moves
Evelyn Partners
Evelyn Partners hires investment manager from Quilter Cheviot in regional push
Prior to joining Evelyn Partners, Daniel Lewis (pictured) worked as an investment manager at Quilter Cheviot for over 22 years, where he worked in wealth management for private clients.
25.01 / 19:43
People moves
cio
Quilter Cheviot poaches UBS UK wealth management CIO Caroline Simmons
Caroline Simmons (pictured) is set to join from UBS Global Wealth Management, where she has been chief investment officer of its UK wealth management business since 2020.
25.01 / 11:49
People moves
cio
Quilter Cheviot poaches UBS UK wealth management CIO Charlotte Simmons
Charlotte Simmons (pictured) is set to join from UBS Global Wealth Management, where she has been chief investment officer of its UK wealth management business since 2020.
22.01 / 16:41
People moves
CBAM
Close Brothers AM hires senior investment manager from Quilter Cheviot
Matt Hearsum (pictured) has joined after more than a decade at Quilter Cheviot.
17.01 / 09:33
inflation
Bank of England
UK
GDP
UK inflation
Premier Miton
UK inflation unexpectedly rises to 4% in December
Prior to this morning’s data release, some economists had brought forward predictions for Bank of England rate cuts, expecting potential easing in May or June.
12.01 / 09:01
economics
UK
GDP
Chancellor of the Exchequer
Neil Birrell
Office for National Statistics
UK GDP grows 0.3% in November but fails to alleviate 'precarious' economic situation
Overall GDP growth was a reverse of the 0.3% contraction seen in October, bringing UK growth flat over the two consecutive periods.
22.12 / 12:57
economics
UK
GDP
Office for National Statistics
Construction
UK economy teeters on recession following revised ONS figures
Within the economy, the services sector's output has been revised down from a 0.1% fall to a 0.2% fall over Q3, while the production and construction sectors have been revised upwards, to 0.1% and 0.4% growth, respectively.
08.12 / 15:59
economics
Federal Reserve
Global
US economy
Unemployment
US economy beats expectations with 199,000 jobs added in November
'While job growth is falling compared to last year, it is holding up remarkably well in the face of a tough economic picture and slowing growth globally.'
28.11 / 19:55
property
FCA
REITS
open
LGIM mulls increased REIT exposure in potential hybrid solution to open-ended property question
In light of the current FCA consultation on funds investing in UK property, the firm said L&G PAIF and its feeder fund will remain open to investors.
24.11 / 14:05
property
Unit trusts/OEICs
M&G
St James's Place
open
NOT
Deep Dive: A 'bleak' future but not a 'forgone conclusion' for open-ended property funds
'Let us not be fooled into thinking the challenges faced by the likes of M&G and St James’s Place render the future of these structures a foregone conclusion.'
13.11 / 20:17
property
Unit trusts/OEICs
OEIC
St James's Place
Time
open
TIME Investments suspends open-ended property fund on 'material uncertainty'
The fund invests predominantly in residential freehold properties, which Oli Creasey, property research analyst at Quilter Cheviot, said had faced concerns over regulatory changes for some time.
07.11 / 16:29
People moves
Quilter Investors
asset allocation
Charles Stanley hires asset allocation and equity research heads
The hires were part of the firm's push to enhance its research capabilities.
03.11 / 14:45
economics
Federal Reserve
US
Macroeconomics
Evelyn Partners
US economy 'finally showing signs of cracks' with lacklustre October jobs numbers
The unemployment rate ticked up from 3.8% in September to 3.9%, up by 0.5 percentage points from its low point in April.
12.10 / 13:27
economics
UK
GDP
Office for National Statistics
UK economy
UK economy bounces back in August as GDP ticks up 0.2%
In the three months to August, GDP increased by 0.3% when compared with the three months to May 2023, with growth in all sectors.
02.10 / 14:21
Morningstar
companies
AJ Bell
share price
Stock Spotlight: SocGen share price revival hopes flounder as fresh strategy disappoints
The plan targeted a cost-to-income ratio of less than 60% to boost profits by 2026.
29.09 / 12:19
markets
economics
UK
growth
Recession
GDP
UK recession 'can still be avoided' as GDP grows 0.2% in Q2
'The BoE has an incredibly difficult job to do, and with next year likely to see a general election at the same time, they will not want to overcorrect and tip the balance of power one way or another.'
20.09 / 11:01
Climate change
BBC
UK government
ESG
net zero
Sunak
'Investors spooked': Rishi Sunak confirms speech on the future of UK's net zero plans
In an unusual move, Sunak issued a statement late last night in response to BBC reports that the government was planning to delay, dilute or scrap at least six major environmental policies.
13.09 / 14:19
People moves
research team
analyst
Quilter Cheviot expands fund research team with analyst hire
Shah was previously at Cenkos, where he worked as head of research for nearly two years.
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