Investment

Standard Life Investments has appointed James Millard to work within its MyFolio Fund Solutions team.

Shares in drinks giant SABMiller soared today after its failed attempts to buy Heineken prompted speculation the group itself could be taken over by Belgian rival Anheuser-Busch (AB) InBev.

Platforms could be hit with a £10m bill in order to make sure they comply with new EU tax rules, the Tax Incentivised Savings Association (Tisa) has warned.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

Artemis has opened the offer period for three of the five funds it intends to launch for the former Threadneedle US equities team led by Cormac Weldon and Stephen Moore.

The illiquidity and low volatility of micro-cap stocks has helped managers at the very bottom of the cap scale dodge the impact of this year's rotation into larger companies, buyers suggest.

Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.

Sluggish growth in the US has led the Federal Reserve to question whether the economy is struggling with ‘economic hysteresis' - when a recession permanently damages growth potential. The issue could have huge implications for monetary policy and equity...

The Baring Multi-Asset fund has lost over half of its assets in a month after Andrew Cole, Percival Stanion and Shaniel Ramjee left the group.

The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.