Equities

Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.

Newton's Jason Pidcock has called into question opportunities in China, despite official figures showing the economy is expanding at 7%, and said there are much better opportunities elsewhere in Asia.

US equity specialist Cullen Capital Management is expanding its reach into the UK with the launch of a second UCITs vehicle, the Cullen US Enhanced Equity Income fund.

Supervision of the scandal hit LIBOR interest rate could move to Paris under plans being drawn up by the European Commission, dealing a potential blow to London's financial pre-eminence.

London's leading equity index lost ground in afternoon trading, led by asset managers, as encouraging data from the services sector also failed to lift sentiment.

Austrian fund manager Raiffeisen Capital Management has introduced sterling share classes on three of its emerging market equity funds.

Supermarket giant Tesco suffered another fall in sales in the UK in the first quarter of this year as the business continues to struggle to regain momentum amid the economic slowdown and the recent horsemeat scandal.

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-RDR world.

Nearly five years after the worst of the financial crisis, the global economy still faces huge challenges.

Stephen Snowden of Kames Capital on why investors should be wary of retail bonds, risks from certain kinds of innovation in the bond industry and why equity managers are enjoying some bond-bashing.