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Latest News - Daniel Grote

Pound breaks losing streak as May says she will step down on 7 June

Pound snaps losing streak against dollar and euro after Theresa May says she will step down as prime minister on 7 June.

May peril knocks pound as trade fears spark FTSE sell-off

Ratcheting up of pressure on Theresa May to resign sparks renewed fall for pound as FTSE 100 suffers broad-based sell-off.

FTSE rises but profits dive hits M&S and Royal Mail slashes dividend

Pound's fall boosts FTSE 100 but Marks and Spencer slumps on profits dive while Royal Mail jumps despite plans to slash dividend.

Pound falls as pressure mounts on May after Brexit plan disintegrates

Pound set for longest-ever losing streak against euro as pressure mounts on prime minister after fourth version of her Brexit plan appears to collapse.

Terry Smith steps back from Fundsmith Emerging Equities trust

Terry Smith hands over day-to-day running of investment trust and will oversee new managers Michael O'Brien and Sandip Patodia.

‘Disappointed’ Terry Smith says sorry and admits FEET needs repair

Star fund manager says it’s time for a different approach as he steps back from the day-to-day running of underperforming Fundsmith Emerging Equities.

Pound falls as Hammond steps up fight against no-deal Brexit

Pound falls below $1.27 for the first time since January as chancellor Philip Hammond claims a no-deal Brexit would be a betrayal of the referendum result.

Builders turn FTSE red as Thomas Cook keeps crashing

House builders weigh on FTSE 100 on disappointing Rightmove data while fresh tumble in Thomas Cook shares takes fall since Thursday to 57%.

Morningstar downgrades Woodford Equity Income on ‘extreme’ portfolio

Fund research group cuts rating from 'bronze' to 'neutral', criticising manager's 'relentless willingness to push the portfolio to its liquidity limit'.

Woodford's Kymab plans US stock market flotation

Cambridge biopharma start-up delivers fillip to Neil Woodford's plans to reduce unquoted holdings in flagship fund by filing for flotation on US stock market.

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