News

Monetary policy changes have prompted Parmenion to adjust the European and UK equity weightings in its tactical portfolios.

Old Mutual Global Investors has more than doubled its adjusted operating profit in 2014, while assets under management jumped 31%.

Lloyds Banking Group is to start paying dividends again for the first time in six years, set to be 0.75p per share for 2014.

Carmignac Gestion's head of emerging equities Simon Pickard has left the business to pursue "personal projects".

Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.

The overhaul of the British Assets trust may have caused an unusual discount narrowing on the £2.6bn Foreign & Colonial trust, according to analysts.

Shares in The Royal Bank of Scotland suffered a sharp fall after the bank reported a £3.5bn loss in 2014.

Retail fund sales tumbled last month in a reversal of the strong inflows seen in 2014, according to the latest Investment Association (IA) figures.

The Office for National Statistics (ONS) has confirmed GDP in the UK expanded by 0.5% in the fourth quarter of 2014.

Jupiter Fund Management's CEO Maarten Slendebroek has moved to reassure investors in its Merlin range that performance is bouncing back following a tough spell for some of the funds.