Sterling has fallen back below $1.69 after worse-than-expected borrowing figures disappointed those investors hoping for further confirmation the economy is back on track.

Investors sound warning as hot money flows into property funds

AXA IM has urged AstraZeneca to reconsider its rejection of a £69bn takeover bid by Pfizer as fund managers take opposing sides in advance of an imminent deadline for discussions to begin.

The Financial Conduct Authority (FCA) on Tuesday accused Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison of giving inconsistent and vague evidence in their appeal against a regulatory ban and fine...

Richard Woolnough's M&G Optimal Income fund has passed the £20bn mark for the first time after a surge in inflows since the start of the year.

Groups back latest cost proposals but performance fees escape new rules

M&G has reshuffled managers on its Global Growth and European equity portfolios in order to allow manager Greg Aldridge to focus on institutional mandates.

Bank of England Governor Mark Carney has tried to defuse expectations of an imminent rate hike by saying it would "not be the right tool" to deal with a booming housing market.

Heartwood IM has hired former Old Mutual Global Investors (OMGI) product head Matt Hollier to oversee the business management of its UK and Dublin fund ranges.

Eden Asset Management founder and former M&G equities head Ed Rosengarten has joined Smith & Williamson as head of its funds business.