Photographer: Chris Ratcliffe/Bloomberg via Getty Images

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Brooks Macdonald stung by £100m outflows as Budget looms

Wealth Management

Wealth Management Correspondent

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Brooks Macdonald has failed to reverse a tide of outflows in the first quarter as uncertainty around the impending Budget dented investor confidence.

Investors yanked an additional £100m from the London wealth firm in the three months to 30 September, according to a 16 October trading update.

CEO says investor confidence dented by worries about potential Budget tax hike

Kristen McGachey

Investing

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

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Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

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Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

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