In another muddling week for stocks, most markets edged higher as optimism over easing inflation offset concerns over rising Covid infections in China and downgrades to global economic growth forecasts. The blue-chip S&P 500 and technology focussed Nasdaq rose 0.4% and 0.3% respectively over the week.
US financial markets were closed for the Thanksgiving holiday on Thursday, and much of the following day, but the corporate news flow was brisk despite the shortened week. One of the biggest stories was the surprise return of Bob Iger to replace Bob Chapek as Walt Disney’s chief executive.
TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.