Lloyds Banking Group has reported a loss of £439m in the first half of the year, after the bank was forced to set aside an additional £700m for payment protection insurance (PPI) claims.

Over the past three years just two out of 1,237 funds in the IMA universe have delivered the perfect blend of top of the sector 3-year returns with bottom of the sector 3-year volatility, according to research from Thames River multi-manager heads Rob...

Premier Asset Management's sales and marketing head Simon Weldon is leaving the firm at the end of the month.

After two years of intense negotiations and 19 crisis summits, EU leaders are still deeply divided over what action is needed to solve the eurozone sovereign debt crisis.

Global miner Rio Tinto has posted a record first half for iron ore production and sales, but shares have come under pressure in early trading after the firm reported output had exceeded sales.

First State is planning to launch a Worldwide Sustainability fund for David Gait later this year, Investment Week understands.

The former head of JPMorgan Cazenove, Naguib Kheraj, has emerged as one of the frontrunners to succeed Bob Diamond as chief executive of Barclays.

Standard Life Investments (SLI) has joined a host of larger fund groups launching low-cost share classes ahead of RDR.

Jason Hollands has been charged with overseeing Bestinvest's business development and communications as he rejoins the wealth manager after almost a decade.

Lloyds Banking Group could have to pay out as much as £1.5bn if found guilty of manipulating the LIBOR rate, analysts at Liberum Capital have warned.