The Big Picture: What were the biggest stories from September?

Recapping the top stories

clock • 1 min read

The biggest news of the month was Kwasi Kwarteng's Mini Budget, which sent markets into turmoil.

In the immediate aftermath, sterling hit its lowest ever level against the dollar, gilt yields skyrocketed and the Bank of England was forced to intervene to shore up pension funds. Since this point, sterling and gilt yields have returned to their pre-Mini Budget levels and Kwarteng has withdrawn the proposal to scrap the 45p additional rate of tax. There was also a flurry of high-profile people moves during the month, with Andrea Rossi joining M&G as CEO and Robert Diggle filling the same role at Somerset. A survey showed that despite 81% having net-zero pledges, only one-fifth of...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Investment Week launches Geographical Equities Conference 2024

Investment Week launches Geographical Equities Conference 2024

Allianz Global Investors, Downing, EdenTree and Royal London Asset Management among speakers

Investment Week
clock 15 January 2024 • 2 min read
Moody's downgrades China sovereign credit outlook to negative

Moody's downgrades China sovereign credit outlook to negative

Retains A1 rating

Elliot Gulliver-Needham
clock 05 December 2023 • 2 min read
ECB warns high rates are pushing economy towards fragility

ECB warns high rates are pushing economy towards fragility

‘Early signs of stress’ in banks

Elliot Gulliver-Needham
clock 22 November 2023 • 2 min read
Trustpilot