Osborne tussles with US over Standard Chartered probe
Chancellor George Osborne has spoken to US Treasury Secretary Tim Geithner about the potential implications of the Standard Chartered probe on the City of London.
View ArticleThe top trusts to play oil at $100+
The pressures of a North Sea shortage and tensions in the Middle East have this week seen brent surpass $110 a barrel, leaving behind the dark days of June when the commodity was hurtling into a death...
View ArticleM&G inflows hit £4.9bn
Inflows at M&G have hit £4.9 billion, defying the difficult market backdrop, while funds under management have grown 3% to reach £94.6 billion.
View ArticleStandard Chartered set to pay 'large fine' to settle Iran claims
The bank is readying to pay a hefty penalty to settle claims that it wrongly hid thousands of transactions with Iran over a 10-year period.
View ArticleBarclays hit with £12m legal case over Libor linked product sales
A test case has been filed against Barclays which argues the bank should refund £12 million to a single client following the purchase of swaps pegged to Libor.
View ArticleBond liquidity fears: 14 funds which prove small can be beautiful
As M&G moves to stem inflows into its giant corporate and strategic bond funds, we highlight some of the smaller fixed income funds out there which are giving the big boys are run for their money.
View ArticleHas Hambro struck gold with London Mining deal?
The $110 million deal could see Evy Hambro net $700 million over 25 years, in addition to a slice of income from sales generated through London Mining's Marampa licence.
View ArticleBolton trims HSBC and adds utilities as Fidelity China falls further
Anthony Bolton has suffered further falls in the new asset value for his Fidelity China Special Situations fund, reporting a 7.4% drop in the three months to the end of June.
View ArticlePershing launches UK wealth manager service to boost businesses
Pershing, a subsidiary of BNY Mellon, is launching its practice management programme in the UK, offering services to wealth managers to help grow their businesses.
View ArticleHenderson closes Japan fund in latest streamline
Henderson is closing its Japan Absolute Return fund and merging other products in its range as part of the firm's fund rationalisation process.
View ArticleFormer Swip property director Naish joins new trust board
Former Scottish Widows Investment Partnership (Swip) property director Malcolm Naish will sit on the board of a new investment trust launched by Brooks Macdonald subsidiary Braemar Estates.
View ArticleClunie: my shorts that play the China slowdown
James Clunie, manager of the Swip UK Flexible Strategy fund, has revealed his recent short positions put in place to benefit from China’s slow-down.
View ArticleCoutts hires Barclays’ product architect
Coutts has appointed Keith Wilson as head of products and services development, a newly created role which will see him lead a global team.
View ArticleWealth flows double to help Standard Life's profit rise 15%
(Update) Standard Life Wealth has extended its IFA market presence to grow net flows into higher margin propositions by more than 100%, rising to £390 million from £193 million a year ago.
View ArticleRiver and Mercantile plans US push as Sergeant and Stanic funds near £1bn caps
After growing its gross profit by 31% the boutique is planning a push into the US and Australian markets, as well as assessing the capacity of Hugh Sergeant and Alex Stanic's funds.
View ArticleWhere M&G’s Andrew is hunting for income
Government calls for austerity are not being matched by actual state spending cuts, argues Steven Andrew, so the M&G manager is searching for income elsewhere.
View ArticleInflation rises to hit an unexpected 2.6%
The UK's rate of inflation has shifted up a notch, rising from 2.4% to 2.6% in July.
View ArticleEurozone growth falls 0.2% in Q2
Northern Europe surprises on the upside by single currency zone still on course for recession.
View ArticleSVG shelves launch as investors' mood towards UK darkens
Investors' darkening mood towards the UK has forced SVG Investment Managers to postpone the launch of its Strategic Equity Income trust.
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