News

Start-up fund house Sanditon Asset Management has recruited a senior investment director to assist Chris Rice across his core European funds.

Shares in Tesco topped the FTSE 100 leaderboard in morning trading, providing some relief for investors as the wider market slipped back once again.

The UK would have "zero" influence if it voted to leave the EU, the outgoing president of the European Commission has said.

Fund managers are urging caution following a dramatic week for investors, saying the traditional strategy of buying on market falls may no longer make sense.

Franklin Templeton has launched its first multi-manager alternatives fund for European investors following its acquisition of K2 Advisors in 2012.

Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Investment Week understands.

Dividends paid out by UK companies this year are expected to undershoot previous estimates as the impact of the strong pound hammers payouts, Capita's latest Dividend Monitor has warned.

An investigation into Tesco's profit overstatement has uncovered evidence of "inappropriate behaviour" by staff, although the shortfall may be less than first feared, according to reports.

The retirement guidance guarantee will not be delivered by the Money Advice Service (MAS), the Treasury has said, in a reversal of the government's previous announcement.

Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry, Investment Week can reveal.