UK equities

Tesco has announced its new finance director is to start the job immediately, bringing forward the appointment by two months after it yesterday revealed it had overstated half-year profits by £250m.

L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.

Are active funds still worth the effort?

Ecclesiastical Investment Management is seeking to rebrand to Edentree Investment Management, Investment Week understands.

Tesco today released an unplanned update to the market, sending shares tumbling in early trading after it slashed its dividend by 75% and warned on profits.

Mike Felton, manager of the £724m M&G UK Growth fund, is finding some of the best value investment opportunities in the resources sector, saying most of the UK market looks overvalued.

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Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.

Sinking supermarkets: Should investors steer clear?