Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.
Sterling could fall much further against the US dollar if the UK's current account deficit is not addressed, bond managers have said.
Investors are justified in feeling cautious around technology, media, and telecoms stocks, but the UK also surprising number of opportunities in that sector. Unicorn's Fraser Mackersie explains.
The FTSE closed down 0.25% after yesterday's worst one-day fall in 16 months was followed by a volatile session today.
The UK unemployment rate fell from 6.2% to 6% in the three months to August, hitting a six-year low, according to the Office for National Statistics (ONS).
Paul Marriage's Schroder UK Dynamic Smaller Companies fund is to reopen to new investment on 20 October after assets fell to a more manageable level.
The UK's pharmaceutical sector dragged the FTSE deep into the red this morning after US giant AbbVie said it is reconsidering the planned takeover of Shire, casting doubts over elevated share prices.
The Bank of International Settlements (BIS) has warned of a potentially 'violent' market crash as financial markets are dangerously stretched.
UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.
The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.