News

Neil Woodford has questioned the viability of the British electoral system following the surprisingly decisive result of yesterday's general election.

Markets have responded positively to news of a Conservative election win, but uncertainty over Britain's membership of the EU and Scotland's future are storm clouds on the horizon, according to economists and fund managers.

Ed Miliband, Nick Clegg, and Nigel Farage have all resigned after suffering election defeat at the hands of the Conservatives.

The pound has leapt almost 2% and the FTSE 100 has added over 100 points as the general election result points to a surprise majority for the Conservatives.

Pensions minister Steve Webb and business secretary Vince Cable have lost their seats after a calamitous evening for the Liberal Democrats saw the party underperform even the most pessimistic forecasts.

Hawksmoor manager Richard Scott has opened a position in Alliance Trust on his Vanbrugh fund following the trust's public spat with Elliott Advisors.

The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.

Former Signia Wealth director Ollie Murray has joined Smith & Williamson as an associate director in its investment management business.

Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.

TwentyFour Asset Management is launching a UK Mortgages investment trust for Ben Hayward (pictured) and Douglas Charleston in a further expansion of its closed-ended range.