News

The eurozone's two largest economies both performed worse than expected in the second quarter, raising fresh fears over economic stability in the currency bloc.

Markets across Asia and the US climbed on Thursday, following a bout of soft economic data which saw retail sales in the US stall.

The Investment Management Association is to launch a consultation into how fund groups disclose portfolio turnover rates as early as next month.

Schroders is set to merge its Global Climate Change fund into the QEP Global Core fund at the end of September.

Barings has hired two former Schroders managers to strengthen its investment team after multi-asset managers Andrew Cole, Percival Stanion and Shaniel Ramjee quit the group.

Chancellor George Osborne is set to rule out a sale of Lloyds Banking Group shares to retail investors before next year's general election, according to reports.

UK unemployment dropped to a near six-year low but sterling has fallen against the dollar after the Bank of England cut wage forecasts, suggesting rates will remain on hold for the foreseeable future.

Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice low-value clients.

BlackRock has scrapped the 1% initial charge for intermediaries investing in Alister Hibbert's European Dynamic fund after assets under management fell to a more manageable level.

Former Martin Currie manager Scott McKenzie has joined Saracen Fund Managers, after taking a five-year break from the industry.