Old Mutual Wealth to cut 200 staff on Skandia merger
Old Mutual Wealth has confirmed it will cut 200 roles as it merges its Skandia businesses, in a move that sees the Skandia brand consigned to history.
View ArticleEuropean Union wins Nobel Peace Prize!
Despite facing its biggest ever crisis amid social unrest and deep recession, the Union has been lauded by the Swedish for its 'advancement of peace and reconciliation'.
View ArticleData digging: 8 graphs on why Spain pain may have just begun
Things are pretty bad in Spain but these graphs suggest the situation could be about to get a lot worse.
View ArticleThey say cabbies hear the bad news first...
MARKET REPORT: Black cab maker Manganese Bronze typifies the fragility of markets as its shares crash and trading is suspended.
View ArticleFTSE gains but RBS slides on branch disposal setback
Better-than-expected Chinese export figures boost markets, but Royal Bank of Scotland falls after Santander drops plan to buy 316 branches.
View ArticleCan the new wealth M&A kids succeed where others have failed?
The likes of Canaccord, Investec and Close have been snapping up smaller rivals, but have they learnt from the mistakes made in the past by the big banks.
View ArticleAxa establishes alternatives property business
Axa Real Estate Investment Managers has created a new business unit to manage and grow the €750 million of alternative real estate assets it manages for clients.
View ArticleRowan Dartington hires Coutts man to open Cheltenham office
Coutts investment adviser David Smith will front the new office.
View ArticleInvestec stems flows into Asia equity strategy
Investec Asset Management is slowing flows into its Asian Equity funds, with assets in its offshore vehicle alone amounting to over $2 billion.
View ArticleOriel brings range of Williams de Broë funds in-house
Oriel Asset Management (OAM) is expanding its fund line-up by taking on the management of a range of funds run by Williams de Broë Asset Management.
View ArticleFormer L&G boss Breedon joins Barclays board
Tim Breedon, who stepped down as insurer Legal & General's group chief executive in June, has been appointed to the board of Barclays.
View ArticleTime to take profits as Train warns investors not to buy his trust?
Nick Train has told investors to be wary of buying into his top-performing Lindsell Train Investment Trust because of its double-digit premium.
View ArticleClose AM opens blue chip bond market to smaller clients
Close Asset Management is launching the Select Fixed Income fund to enhance its discretionary and tailored portfolio service and offer clients improved access to blue chip bond markets.
View ArticleMarkets rise as US consumers bounce back
FTSE 100 inches ahead as US retail sales spur hopes of economic revival; miners weigh on index.
View ArticleInvestment Trust Insider: this tech fund is more than PEI in the sky
Private Equity Investor is a fund that I hold in my pension fund. It is slowly returning cash to shareholders and has been reasonably successful over the past few years.
View ArticleThe Expert View: RBS, Halfords and ITV
Our daily round-up of analyst recommendations and commentary, featuring Interserve and Aveva.
View ArticleHambro sells millions of Bumi shares as Rothschild quits on Bakrie row
Citywire A-rated Evy Hambro significantly sold down his stake in the Indonesian coal miner before news emerged that Nat Rothschild had quit the firm on Monday night as his row with the Bakrie family...
View ArticleFTSE 100 ticks up; Rothschild quits Bumi
Markets rise as appetite for risk grows, while Spanish bond yields drop as nation inches towards a bailout.
View ArticleETF fee war intensifies as BlackRock cuts costs and launches core range
BlackRock has cut fees on a number of its exchange traded funds as the battle to provide the lowest cost products and gain market traction heats up amid competition from Vanguard.
View ArticleUK Inflation falls to near three year low of 2.2%
The rate of inflation fell back to a near three year low of 2.2% in September as the sharp increase in energy costs witnessed during 2011 began to wash out of the system.
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