News

Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.

Standard Life has promoted David Tiller to head of adviser propositions and strategy as the firm bids to better support firms in the era of pensions freedoms.

Neil Woodford's record-breaking Patient Capital investment trust moved to a premium shortly after launching on the London Stock Exchange.

Investors' unease over the general election has been blamed for discounts on several UK equity investment trusts reaching their widest point in 12 months.

Man AHL, the quantitative investment arm of Man Group, has launched four UCITs-compliant systematic strategies with different return profiles.

Investec Wealth & Investment has launched a private office to expand its services for high net worth clients.

Reade Griffith, the hedge fund manager who built sizeable stakes in Ashcourt Rowan and WH Ireland last year, has upped his stake in Liontrust Asset Management to 10%.

Henderson Global Investors' chief executive Andrew Formica has warned the UK's credit rating could be put at risk by a Labour triumph at next month's general election.

Charles Stanley shares have climbed 3% in afternoon trading after the wealth manager announced a plan to sell Charles Stanley Financial Solutions to its management team.

Woodford IM's Patient Capital trust has raised a record £800m during its offer period, and the company will be intent on avoiding the fate suffered by many of its chart-topping predecessors.