News

Vodafone's share price shot up 5.7% this morning after the telecommunications giant increased its earning forecast and announced ambitious product development plans.

Kames Capital has appointed former SWIP global equities manager Craig Bonthron to its global equities team.

Multi-asset managers are reducing their UK equity positions on fears next May's general election could hit sterling and weigh on valuations.

Japan's Nikkei index closed at a seven-year peak this morning, following a significant purchase of ETFs by the Bank of Japan after Monday's trading ended.

Andrew Fleming, former CEO of Kames Capital, will replace the retiring chairman of the JP Morgan Japanese investment trust next month.

Royal London Asset Management is to launch an absolute return fixed income fund by the end of the year as competition heats up in the space.

Star bond manager Bill Gross helped attract more than $1bn of estimated net deposits into two bond funds at his new home Janus Capital in October.

Liontrust Asset Management's profit before tax more than doubled in the six months to the end of September as the group continues to post inflows into its funds.

The UK economic recovery is set to enter a slower phase, adding to the headwinds facing the domestic equity market, according to Invesco Perpetual's Mark Barnett.

European exchange traded funds (ETFs) have enjoyed a record year for net inflows, taking in $56.2bn by the end of October, according to consultancy ETFGI.