Monthly Update: August 2017
Since the referendum vote in June 2016, the British pound has lost 15% of its value against other currencies. Some see an upside to this slump: with products more competitive[…]
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Monthly Update: July 2017
Setting interest rates in the UK is a delicate business these days. The hawks on the Monetary Policy Committee cite falling unemployment, surveys suggest that companies are keen to invest[…]
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Monthly Update: June 2017
One year on from the referendum it is time to look at the economic consequences so far. The economy has grown at an annualized rate of 1.8% in the three[…]
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Monthly Update: May 2017
There is too much cash chasing too few good shares. Three important factors (and myriad others) have driven this large liquidity support for markets: first, profits have surged in recent[…]
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Monthly Update: April 2017
Theresa May repeated 11 times in parliament on 26 April that Britain boasted a strong economy that depended on her strong and stable leadership. Is that the case and will any perceived weakness[…]
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Monthly Update: March 2017
The real Brexit process is (at last) underway. For half the country, the triggering of Article 50 was a moment to celebrate: for me, it marked a bleak day. The[…]
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Monthly Update: February 2017
The unaudited NAV of Athelney Trust rose by a satisfactory 3.7 per cent in the month of February. With the New York markets hitting a new high last week, we[…]
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Monthly Update: January 2017
Theresa May’s private opinion of Donald Trump goes recorded but I doubt that she is a natural fan. Looking backwards, Margaret Thatcher put up with Ronald Reagan’s invasion of Grenada,[…]
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Monthly Update: December 2016
The Athelney Trust unaudited total return for 2016 was 5.5% and reflected the below-average performance by commercial property shares in the second half of the year. Imagine a time-traveller landing[…]
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Monthly Update: November 2016
The Athelney Trust unaudited NAV rose by 0.9% in November whereas the FTSE Smaller Companies and AIM All-share actually fell by 1% and 0.4% respectively although the Fledgling improved by[…]
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