News

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Sterling has fallen after the Bank of England downgraded its growth forecasts for the UK economy while indicating it could start to raise interest rates in mid-2016.

Architas senior multi-asset manager Stephanie Carbonneil is to exit the firm to join Schroders' intermediary business development team.

Northern Ireland-based wealth manager Davy Private Clients UK has acquired financial adviser and investment firm Graham Corry Cheevers, adding £230m of assets to its books.

Advisory firm Saunderson House is planning to launch a discretionary service later this year in a bid to broaden its investment offering.

Morgan Stanley has warned of an approaching 'triple taper tantrum next year if the US, Japan and Europe all taper their monetary policies at the same time.

ShareSoc, the UK proxy group for individual shareholders, has launched an action group to represent the interests of unhappy Alliance Trust investors and urge the board to launch a strategic review.

Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.

Clive Beagles has increased the small cap weighting to the highest ever level in the history of his JOHCM UK Equity Income as he identifies 'extraordinary value' in the space.

Alliance Trust chief executive Katherine Garrett-Cox has been named the Veuve Clicquot Business Woman of2015.