European stocks mixed, UK investment summit in focus

Executives from some of the world’s biggest investment firms said they were “optimistic” about Britain’s prospects in a letter published by The Times ahead of today’s International Investment Summit in London.

David Solomon, CEO of Goldman Sachs (GS), Bernard Mensah, President of International Bank of America (BAC), Filippo Gori, Global Banking Co-Head of JPMorgan (JPM), António Simões, CEO of Legal & General (LGEN.L ), and Aviva (AV.L) CEO Amanda Blanc was among the letter’s signatories.

“As global investors, we believe there is a very real opportunity for the UK to grow its economy by attracting international investment,” the letter said.

“Britain’s educational institutions, legal system, financial services sector and language form the foundation of a strong investment proposition. Technological developments, advances in the energy system and greater freedom in capital flows have further strengthened the UK’s position.”

“With greater stability, its attractiveness increases even further. We are optimistic about the future of the economy and believe it is time to invest in the UK.”