Almost 90% of active UK equity fund managers beat the benchmark index last year, far outstripping the performance of other active managers, an S&P Indices report has found.

F&C is in discussions with the IMA to add its Real Estate Securities and Real Estate Equity Long/Short funds to the IMA Property and Absolute Return sectors sectors respectively.

Funds from BlackRock and J.P. Morgan have been added to Sanlam Private Investment's bi-annual list of underperforming income portfolios after a tough year for some of their mandates.

UK profit warnings have hit a three-year high after more than 100 warnings were issued in the first half of 2014, according to a new report.

Miton saw significant outflows from its multi-asset range in H1, before it handed the funds over to David Jane.

Psigma's Tom Becket has taken profits in Europe after valuations became "unjustifiable".

Somerset Capital has admitted a new dilution levy on its funds has proved 'contentious' despite being in keeping with an industry-wide drive to cost transparency.

City Financial's head of UK equities Leigh Himsworth is to join Fidelity as the firm acquires his £70m UK Opportunities fund.

Tesco chief executive Philip Clarke has made a shock departure from the struggling retailer after it issued another profit warning.

Dividend growth fell to its lowest level in over three years in Q2 as large caps struggled to maintain dividends in the face of strong sterling and a slowing global economy.