The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Fund manager Rathbone is our new overbought entrant this morning, and is holding close to record highs as well. The firm had a positive quarter, with a rise in funds under management boosted by acquisitions.
Ferrexpo, the iron ore company, is still under pressure, remaining in oversold territory, and with the iron ore price still seeing down moves it seems unlikely the situation will change in the short term.