HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'
The Investment Management Association (IMA)'s head of tax Stephen Lynam is retiring after more than 30 years in the industry.
No fund managers will be joining Threadneedle from LVAM following its £8bn outsourcing deal, as revealed by Investment Week earlier this month.
BP's robust results lifted shares in the oil major last week but provoked mixed reactions as managers debate whether now is the time to buy back in
The global banking system has been shaken by talk of possible defaults and contagion but managers are divided about whether this has opened up opportunities in the sector.
Prime Minister David Cameron has warned that bankers caught manipulating the market to take advantage of QE can expect to face criminal prosecution.
BP saw profits soar in the third quarter as it prepares to sell off a further $15bn worth of assets, and the CEO pledges to boost the oil major's dividend and increase share buybacks.