News

Shareholders in the Gresham House investment trust have agreed to a plan to convert the business into a fund group following an extraordinary general meeting (EGM).

Tesco is considering selling a stake of its Tesco Bank division for up to £1bn in order to shore up its balance sheet.

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

Hermes Investment Management is launching its first product for the recently launched multi-asset team headed by Tommaso Mancuso.

Polar Capital has launched a European Income fund for ex-Threadneedle manager Nick Davis, who joined the group last month.

Threadneedle Investments is looking at soft-closing its UK Property trust after seeing a surge in inflows into the product this year, Investment Week understands.

You may see some scary sights this Halloween night, but none as terrifying as these global economic statistics.

A raft of pulled IPOs in October point to a more rational environment for new listings, managers suggest.

The government is to pay off part of the UK's First World War debt, as part of a redemption of bonds stretching as far back as the 18th century.

RBS has reserved £400m for a currency probe as it reported a third successive quarterly profit thanks to reduced costs and strengthening economic conditions.