UK

Barclays Bank saw adjusted pre-tax profits fall by almost a third during 2013 as litigation costs impacted the business, but has increased the bonuses it pays staff.

Schroders is winding up its UK Core fund, Investment Week can reveal, calling time on its first offering in the 'low-cost active' space after failing to gather assets in the three years since launch.

AstraZeneca' profits dropped sharply in Q4 as strong emerging market sales failed to offset competition from cheap generics, and several of its leading drugs edged towards the patent cliff.

ON UK INCOME

Antony Jenkins, the chief executive of Barclays, has turned down his multi-million pound bonus for 2013 due to the "very significant costs" faced by the bank.

Neil Woodford's Invesco Perpetual Income fund has shed £550m in a single day, according to data from FE, as outflows from his portfolios continue.

Aberdeen Asset Management has warned investors to watch out for a scam artist claiming to represent the firm.

The appearance of a high-profile activist investor on F&C's share register has added to the uncertainty surrounding BMO's acquisition of the asset manager.

Invesco Perpetual's Mark Barnett has said he will take an ‘unpredictable' approach to mitigating potential outflows when he takes over Neil Woodford's equity income funds in April.

Mattioli Woods has reported an increase in both group revenues and profits as the effects of rule changes brought in following the Retail Distribution Review (RDR) boosted its wealth management division.