Budget u-turns spark turnaround for stocks

Markets endured another rollercoaster ride last week as concerns over inflation and political upheaval triggered more sharp gyrations between gains and losses. Despite the wild ride, most markets ended the up in positive territory, including the blue-chip S&P 500 and technology focussed Nasdaq indices which gained 1.8% and 1.3% respectively.

Close to home, the furore over the mini-budget overshadowed everything and the dismissal of its architect, Kwasi Kwarteng, drove a strong rebound in UK government bonds and the pound. 10-year gilt yields, which move inversely to price, fell by 0.5% in just one week.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Team plc

More articles like this

Team plc

TEAM reports strong year-end trading results exceeding expectations

TEAM has released a year-end trading update, revealing revenues and assets under management/advice (AUM/A) that exceed earlier forecasts, while underlying EBITDA is slightly below projections. The company described its performance as broadly in line with market

Team plc

Understanding tax reform and its impact

A senior international tax accountant has observed that staying in the UK may not be favourable for those with significant wealth, especially with current discussions about changes to tax laws. Mark Clubb, chairman of TEAM, emphasises

Team plc

Securing the future of a growing tech business

A growing tech start-up faced the challenge of protecting its operations from potential disruption if its 45-year-old Managing Director, Henry, were to become unable to work. As the founder and driving force behind the business, Henry’s

Team plc

UK tax changes threaten wealth migration

In recent discussions on tax reforms, the proposed removal of the non-domiciled (non-dom) status in the UK is generating considerable concern. Experts, including Mark Clubb of TEAM, caution that eliminating this status could create severe financial

Team plc

Tax reform threats for UK non-doms and business owners

The potential abolition of non-dom status has raised significant concerns among financial advisors and high-net-worth individuals residing in the UK. According to Mark Clubb, chairman of TEAM, a senior tax accountant has expressed apprehension, stating that

Team plc

Bull stampede in the 2024 financial markets

This week saw US stock indices continue their upward surge, with the Dow Jones Industrial, S&P 500, and Nasdaq each showing gains above 1%. The S&P 500 index, regarded as a key indicator, is experiencing its

Team plc

TEAM Plc’s strategic positioning for a strong 2024 finish

TEAM’s investment strategy focuses on aligning with medium to long-term trends and maintaining diversification through market cycles. Throughout the post-pandemic period, US equities, particularly mega-cap growth and technology stocks, have outperformed, and TEAM’s exposure has followed

Team plc

Rising funeral costs and how to plan for the future

In 2023, the total cost of dying in the UK saw a significant increase, rising by 5% to a staggering £9,658, the highest figure recorded. This surge has been largely attributed to the rising professional fees,

Team plc

Maximising retirement opportunities for expatriates in Dubai

NEBA Private Clients successfully assisted a British expatriate, Mr. S, in navigating his retirement planning when he relocated to Dubai. Before the move, Mr. S had established a well-respected career, participating in effective pension schemes at