London's leading index lost ground in morning trading as investors braced for a round of woeful reports from the third quarter earnings season.
Invesco Perpetual's Simon Laing and Simon Clinch have reshaped the £353m US Equity portfolio, halving the number of holdings and cutting consumer staples in favour of healthcare.
Invesco Perpetual, BAE Systems' largest shareholder, will today publicly announce opposition to a proposed merger with aerospace group EADS, according to reports.
Nick Hamilton, head of global equity products at Invesco Perpetual, is hoping to boost the "mediocre" performance of the group's £1bn Global Equity fund by positioning less defensively and adding to US exposure.
Invesco Perpetual's co-head of fixed income Paul Read has told investors he would cap the £5.7bn Corporate Bond fund if large inflows combined with low liquidity in the market caused performance to suffer.
City Financial has bought the asset management arm of Eden Financial in a move to bolster its UK equity, fixed income and multi-asset presence, Investment Week can exclusively reveal.
Kames Capital's Stephen Adams, head of UK equities and manager of the group's £398m UK Equity fund, has bought a 2% stake in retailer Tesco in anticipation of a re-rating over the coming months.
High street retailer JJB Sports is set to announce it is calling in administrators, according to a report by Sky News.
In the wake of the financial crisis, Invesco's Ciaran Mallon adopted a new mantra: invest in quality. Here, he explains what to look for in a company and highlights some outstanding examples in his Income Growth Trust
Invesco Perpetual is hoping to match the success of its £15bn fixed income range with the launch of its upcoming multi-asset arm, following the hire of three managers from Standard Life Investments' GARS team.