Tom Bailey

Why the pound strengthened after Brexit deal defeat

Last night, prime minister Theresa May suffered a historic defeat in Parliament, with a massive 432 to 202 MPs voting against the prime minister’s proposed European Union withdrawal deal. May’s defeat means that the outline of the UK’s withdrawal from the EU – officially scheduled for 29 March – remains unclear.

The biggest single driver of the stock market’s troubles

What caused the US market to fall out of form at the end of 2018?

The question itself is not merely academic. While forecasting the market often leads to conclusions more wrong than right, understanding what has just driven investors previously to sell out of their positions usually offers some clue as to what else the market has in store.

Witan to close all savings and Isa accounts

Witan has announced that it will be shutting down its investment trust savings and Isa schemes, representing up to £420 million in assets under management.

At present, Witan has around 16,000 retail investors with either regular savings plans or Isas in its two trusts: Witan and Witan Pacific. These accounts are due to close on May 2019.

South east of England continues to see disappointing house price growth

Annual house price growth slowed to its slowest pace since February 2013, the latest house price index figures from Nationwide show. In contrast to annual growth of 2.6% in 2017, house prices grew by just 0.5% in 2018. At the same time, month-on-month figures from November to December 2018 fell by 0.7% after taking into account seasonal factors.

A weak pound helped UK investors make money in international stocks in 2018

The elevated risk of a no-deal Brexit saw sterling continue to weaken in 2018, furthering the slide it has experienced since June 2016, when the UK voted to leave the European Union.

A decline in the value of sterling is generally bad news for consumers and businesses that depend on imports, with a weaker pound raising the cost of goods from abroad.

Why Apple's troubles are not over yet

Research has shown that 71% of market movements are now the result of macroeconomic trends, while just 29% are the result of bottom up company specific news. When it comes to Apple’s recent market woes, Tim Cook, the company’s chief executive, would much rather pin the blame on the former.

Hargreaves Lansdown launches Wealth 50 fund idea list

Online broker Hargreaves Lansdown has launched a new buy list of investment fund ideas.

It will replace Hargreaves Lansdown’s previous Wealth 150 and Wealth 150+ lists, under the name Wealth 50. The new Wealth 50 will consist of 60 funds at launch, but the firm says it will be cut down to 50 in due course. The Wealth 50 will be composed of both active and passive open-ended funds.