Markets

Deflation defeated

In the week that Tesco admitted it had over-stated its first half results by £250mn, Invesco Perpetual's Mark Barnett warns investors should be especially vigilant over visibility of earnings.

Richard Plackett is to step back from his role as head of BlackRock's UK Small and Mid Cap equity team and will relinquish control of his two investment trusts when he returns from sabbatical.

Newton's Richard Wilmot, manager of the group's £1bn UK Equity fund, is to leave the company, Investment Week can reveal.

UK markets opened lower Friday after a tough session in the US where stocks suffered sharp losses on the expectation of an imminent rate hike by the Federal Reserve.

Lloyds Banking Group is to sell another 11.5% stake in its TSB business, leaving it with a 50% holding in what promises to become a challenger to the UK's existing retail banking industry.

Investec Asset Management's Alastair Mundy suggests some tactics for investors keen to open up their horizons (and minds) when buying stocks and funds.

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Tesco has confirmed former CFO Laurie McIlwee has not been working the final six months of his contract, encompassing most of the period currently under investigation by the firm following its profits overstatement.

RBS chairman Sir Philip Hampton is to leave the bank in order to take up an identical position at GlaxoSmithKline, according to reports.