UK

Brewin Dolphin has promoted Guy Foster to the role of head of research, following the departure of Matthew Butcher last year.

Rathbones has won the £43m race to buy Jupiter's private client arm and is also to purchase part of Tilney IM's private client business in a separate £14m deal.

For managers looking to add alpha to their portfolios, striking the balance between stock concentration and portfolio diversification can be a tricky one.

Santander UK has agreed to pay redress to affected customers after the Financial Conduct Authority (FCA) fined the bank £12.4m for what it said were "widespread" investment advice failings.

The government last night sold another 7.8% of Lloyds Banking Group to institutions in its continued effort to return the government-backed bank to shareholders.

Kames Capital has poached Dan Churchouse from Standard Life Investments to be its new business development manager covering the London discretionary market.

BlackRock has warned of ‘major risks' to the UK and Scotland if Scots vote for independence in September's planned referendum.

Standard Life has tabled a reported £400m bid for Ignis Asset Management.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.

The level of returns on offer from equity markets this year may disappoint investors, according to Threadneedle UK Equity Income managers Leigh Harrison and Richard Colwell.