Investment

Where now for bonds?

The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.

Corporate debt

UK retailer Mulberry has issued a profit warning after a "greater than anticipated" decline in wholesale sales.

The Treasury is to give savers more freedom on how they can take their tax-free lump sums from pension pots, with new rules allowing savers to take a portion of their pension out at any time.

Hargreaves Lansdown has said the low interest rate environment will continue to impact its revenues for the remainder of the year, with the business also ruling out any further moves on price for now as investor confidence wanes.

Ignis Absolute Return Government Bond fund manager Ross Oxley and two members of his team are to exit the business following its £390m takeover by Standard Life, Investment Week understands.

F&C multi-manager Rob Burdett has warned mainstream property funds are holding too much cash following a surge in inflows, making the sector unattractive.

Patient bond investors have been rewarded in 2014, says Nick Gartside, international CIO for fixed income at J.P. Morgan Asset Management.

Old Mutual Global Investors has appointed two investment boutiques, specialising in Brazil and emerging Europe, to manage its emerging market ex-Asia exposure across its £5bn multi-asset portfolios.