News

Shares in Sainsbury's fell further today after it became the latest supermarket to cut its sales forecast for the full year, following a slump in trading in the second quarter.

Ian Cooke, chief executive of network Best Practice IFA Group, has called on the regulator to force asset managers to disclose their entire charge so it is transparent to customers.

Tesco has said the Financial Conduct Authority (FCA) has started an investigation into its accounting error, after the supermarket revealed last month it had overstated its half year profits by £250m.

Baillie Gifford has lifted its stake in Hargreaves Lansdown to over 5%, taking advantage of a fresh slump in the D2C platform's share price last week.

Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.

A financial adviser has been charged with 12 counts of fraud which is said to have netted him over £1m worth of clients assets.

State Street Global Advisors (SSgA) is the latest ETF provider to slash fees on a range of its European products, as passive fees continue to come under pressure.

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

Sanlam International Investments is to significantly increase its stake in boutique FOUR Capital in order to work more closely with the business.