Markets

Global markets have had a volatile relationship with the central banks this summer, as the US Federal Reserve began hinting at tapering its asset purchasing programme.

Asset managers are entering an era of fund rationalisation as cost pressures mark the beginning of the end for oversized product ranges, according to Threadneedle's Nick Ring.

Sustainable and well regulated growth in financial services could generate an additional 265,000 jobs and boost GDP by between 2% and 3% by 2020, a report from PwC has found.

IFA acquirer and wealth manager Bellpenny has acquired Walton on Thames-based IFA Entire Wealth Management.

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M&G has won its fight to add four non-executive directors to the board of Gulf Keystone Petroleum (GKP) after the small-cap oil group backed down at the last minute.

Japanese investors have reacted with muted enthusiasm to a sweeping election victory by Shinzo Abe's Liberal Democratic Party.

The UK government is considering divesting £5bn of its stake in Lloyds Banking Group as early as September this year, according to reports.