This note examines where the earnings risk lies going into 2016 and 2017 and asks the question is confidence for earnings growth still too optimistic? Please contact us for a copy of the note
It is not often a 200-1 outsider wins. But that is exactly what has happened with the election of Jeremy Corbyn as the new leader of the Labour Party. This note looks at the impact he may have on the British political scene. Please contact us for a copy.
This not examines income sustainability, the risks to commodity sector income and areas where income growth is growing. We conclude that although consensus forecasts for aggregate income remain too high their are still pools of strongly growing income streams. Please advise us if you would like a copy of the note?
Markets have been rocked by concerns over stalling Chinese growth. All major equity markets have suffered. This note simply seeks to ascertain if a sustained Chinese correction really can impact the rest of the world and Western capital markets in particular. Please contact us for a copy of the report
This note looks at the pressures on the Bank of England to raise interest rates. We argue however that the base rate is unlikely to rise materially, despite an improving domestic economic backdrop, largely as the economy remains highly consumer and asset price dependent. We examine sensitivities to rate rises and the impact this would have on growth. We conclude that monetary policy is likely to remain very loose and this should be supportive for UK equities and cyclical and financial sectors in particular.