Europe
Brexit: the international reaction
The UK narrowly voted on Thursday (52:48) to leave the European Union, an unprecedented move with an unclear outcome. What follows will undoubtedly be at least two years of uncertainty, but how will the offshore financial centres fare?
Large Remain bets wrong-footed bookies, and investors
Bookmakers’ odds strongly favouring a British vote to stay in the EU were found to be not as reliable as many fund managers thought, as suggested last week by our sister publication Expert Investor.
‘No renegotiation’ promises EU leadership
In a joint statement on Friday, the EU leadership urged the UK to start departure processes immediately as “any delay would unnecessarily prolong uncertainty”.
Brexit: ‘Bleak’ prospects for UK as Buxton gets it wrong
Old Mutual Global Investors chief executive Richard Buxton has spoken of the “bleakest” prospects for domestically focused UK companies, having recently backed recovery plays in the likes of Tesco, Ladbrokes and Debenhams.
Woodford offers soothing words on Brexit
Neil Woodford has wasted no time in offering investors some reassurance over the prospects for UK equities in the wake of the Brexit vote.