Markets

Randeep Somel, the new manager of M&G's Global Basics, has revealed the fund is making new investments in miners again as he looks to position the portfolio for a new era.

Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

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ON UK INCOME

Two members of Neil Woodford's UK equity team at Invesco Perpetual are to leave the group to pursue other opportunities.

Hargreaves Lansdown chief executive Ian Gorham has sold 715,000 shares in the FTSE 100-listed company for a total of over £8.4m.

Jake Moeller has joined Lipper to take on the role of head of UK & Ireland research, replacing Ed Moisson who left in August to join Barings.

The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.

M&G Global Basics fund manager Graham French is to leave the group, Investment Week can reveal, as he retires from fund management after a 25-year career.