S&U – Rates, economics & competition

Disclaimer: I have a material personal interest in S&U shares. A portfolio I help to manage has a large weight in S&U shares. Hence, I cannot help but be biased. Please do your own research. Introduction I want to pen some quick thoughts on S&U, as these are unsettled times for financial businesses. While the current results show smooth sailing – something you can rely on with the family run firm – the underlying economic ground is moving faster than at any point in the last ten years. Inflation and fluctuating confidence both play their part, but I think interest …