News

Gregg McClymont, Labour's former pensions spokesman, has joined Aberdeen Asset Management as head of retirement savings.

Inflation falling back to zero should lead to a further boost in consumer spending throughout the rest of the year, according to industry commentators.

Housebuilders' shares have taken a dive in early afternoon trading after Bank of England governor Mark Carney said a hike in interest rates is "moving closer".

Square Mile Investment Consulting & Research's Richard Romer-Lee analyses the impact of another fund's departure from the Investment Association's UK Equity Income sector.

Miton has hired former JO Hambro Capital Management manager Carlos Moreno to lead a new European equities strategy for the firm.

Aviva Investors has moved its Property trust from offer to bid pricing after experiencing a period of net outflows for the product.

UK CPI inflation fell back to zero last month, down from 0.1% in May, as the prices of clothing, fuel and food all fell.

Geneva-based banking group SYZ has agreed to acquire the Swiss private banking subsidiary of Royal Bank of Canada in a move which doubles the firm's assets under management and expands its reach across the world.

Chinese ETFs have been hit by price swings and wide valuation gaps as a result of the suspension of trading on a large proportion of Chinese stocks last week.

Investment trust discounts have hit a fresh historic low, according to new figures from the Association of Investment Companies (AIC).