Industry

Standard & Poor's is considering cutting its rating on Prudential over leverage concerns following its $35.5bn deal to buy AIG's Asian business.

The pound remained under pressure after hitting a ninth-month low against the dollar yesterday as the prospect of a hung Parliament heightened fears of a delay in reducing Britain's public debts.

Prudential has agreed to buy AIG's Asian business for $35.5bn, which will be partially funded by a $20bn rights issue.

Piers Hillier has joined LV= Asset Management as chief investment officer.

Stock market experts are warning of another year of dividend famine as some of Britain's biggest dividend mainstays struggle to maintain payments to shareholders.

Ignis Asset Management has teamed up with specialist credit investment manager Castle Hill Asset Management.

Gartmore has appointed Richard Turner as account director on its UK retail distribution team.

House prices have nearly quadrupled in real terms over the past half century, with the strongest growth seen in the past decade, says a study published by Halifax last week.

Baring Asset Management has appointed Colin Ng to its Asia Pacific investment team in the new position of head of Asian equities.

Ignis Asset Management has appointed Chris Fellingham as chief investment officer, fixed income.