BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.
Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.
Fidelity Worldwide Investment has cut a number of jobs across its IFA sales team, Investment Week can reveal.
Oil majors BP and Shell could face hefty fines if they are found to have manipulated the oil price, the UK's energy secretary has warned.
Hargreaves Lansdown shares closed above the £10 mark for the first time ever yesterday as investors continue to back the platform to excel in a post-RDR environment.
Rathbones has seen its funds under management swell to more than £20bn, helped by its recent acquisition in the private client space.
Hugh Hendry has backed Japanese equities to continue their stellar start to 2013, but is also boosting exposure to sovereign bonds on concerns Japan's recovery will have harmful effects elsewhere.
M&G saw funds under management hit a new record in Q1 as strong sales in Europe offset outflows from the UK market after moves to slow flows into its leading bond fund range.
HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.