UK budget winners and losers: the pound, gilts and stocks
By Lucy Raitano and Samuel Indyk LONDON (Reuters) – Finance minister Jeremy Hunt presented less gloomy forecasts for Britain’s economy at his Spring Budget on Wednesday. Upgraded official forecasts showed Britain, the…
Columbia Threadneedle, Mercer warned BoE on gilts
By Carolyn Cohn LONDON (Reuters) -Investment manager Columbia Threadneedle and pension consultants Mercer warned the Bank of England about the impact on pension schemes of recent gilt market moves, they told Reuters…
Explainer-Why are Britain’s pension schemes dumping gilts?
LONDON (Reuters) – A dramatic upswing in British government bond yields this week triggered calls for cash from defined benefit pension funds, forcing them to slash positions and prompt the Bank of…
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