CHAIRMAN’S LETTER
02
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THE INVESTOR
FOR FURTHER INFORMATION ON ANY OF THE ARTICLES IN THIS ISSUE OF THE INVESTOR, PLEASE CONTACT YOUR ST. JAMES’S PLACE PARTNER
he economic news from the US is improving,
with the latest statistics suggesting the recovery
is well under way. In our Analysis feature,
Jonathan Gregson looks at the forces behind the
recovery and the risks that remain.
Meanwhile, here in the UK, the recovery is
being driven by a buoyant housing market, particularly in London,
although some fear it is growing too rapidly.We consider the
outlook and assess the likely impact of recent measures aimed at
preventing an unsustainable boom.
Oil prices are an important component of the cost base for
industry across the world. Edward Russell-Walling looks at the
factors which in uence oil prices and considers what industry can,
and is, doing to limit their impact.
Stock market recovery and a better economic outlook have
encouraged companies to look at expansion through mergers and
acquisitions. In a Viewpoint article, Anthony Hilton considers
the reasons for renewed bid activity and assesses its impact on
company performance.
Finally, but by no means least, Teenage Cancer Trust leads the
world in the care of young people with cancer.We look at the work
of the charity and how the funds are used to transform the lives of
teenagers living with the disease.
I hope there will be lots in this issue to interest you. If you have
any queries or comments, please do not hesitate to contact your
St. James’s Place Partner.
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D
AVID
L
AMB
Chairman, Investment Committee, St. James’s Place Wealth Management
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