Barclays

Neptune founder Robin Geffen has blamed an underweight to financials for the recent poor performance of the £922m Neptune Income fund.

The wealth arm of Barclays has scrapped plans to charge fund groups an administration fee when their products are recommended for private client portfolios.

A US equity fund targeting the Japanese retail market has seen one of the largest subscriptions ever as domestic investors pile into overseas stocks on fears over the yen.

Barclays shares rose almost 9% on Tuesday and ended the day up more than 7%, buoyed by news of a £1.7bn cost-cutting plan, announced in its strategic review.

Barclays shares have jumped after the bank announced it will cut 3,700 jobs this year following a strategic review, as pre-tax profits plunge due to mis-selling claims.

Barclays is set to close its 'tax avoidance' unit and announce a series of job cuts in its annual results, according to reports.

Barclays has questioned the impact of Henderson's 'costly' advertising campaign, which featured former Chelsea manager José Mourinho.

Legacy trail commission may create a "moral hazard" in which advisers encourage investors to stay in investments longer than they should, analysts at Barclays have warned.

Barclays has set aside an additional £400m to repay customers mis-sold interest rate hedging products and another £600m for payment protection insurance (PPI) redress.

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.