Fund managers cut Middle East exposure ahead of frontier index shake-up

The FCA has said it will not issue further guidance on inducements, despite growing calls to do so from fund groups.

AstraZeneca has rejected a new takeover bid by Pfizer, arguing it still undervalues the business.

The Treasury has updated guidance on VCTs in order to ensure the vehicles can allot shares for the 2014-15 tax year.

Fixed income managers Paul Thursby and Peter Geikie-Cobb are to leave F&C later this year.

Threadneedle's head of UK equities Simon Brazier has flagged the energy and telecom sectors as being at risk in the run up to the 2015 general election.

Brewin Dolphin has uncovered problems in its software and decided to cease using the system for the firm's discretionary wealth management business.

The launch of a new fund research service from City Financial has sparked a debate over the future expansion of the sector in the face of changing demands from advisers.

River and Mercantile has hired former Cazenove director of investment funds Robin Minter-Kemp as a non-executive director.

Former HSBC global fixed income head Guy Dunham has been appointed head of global and aggregate at Barings.