News

Richard Plackett is to step back from his role as head of BlackRock's UK Small and Mid Cap equity team and will relinquish control of his two investment trusts when he returns from sabbatical.

Newton's Richard Wilmot, manager of the group's £1bn UK Equity fund, is to leave the company, Investment Week can reveal.

"Ostrich" investors who buy equities and ignore the risks may find their "day in the sun" is soon over, the managers of Ruffer investment company have warned.

UK markets opened lower Friday after a tough session in the US where stocks suffered sharp losses on the expectation of an imminent rate hike by the Federal Reserve.

Tony Yousefian is to join Albemarle Street Partners as an independent consultant from the beginning of October.

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

The Financial Conduct Authority has created a dedicated fund supervision unit to regulate and monitor individual retail funds for the first time, in a bid to better safeguard investors and consumers.

Liontrust Asset Management has hired James Beddall from F&C Investments as co-head of international sales.

Lloyds Banking Group is to sell another 11.5% stake in its TSB business, leaving it with a 50% holding in what promises to become a challenger to the UK's existing retail banking industry.

Nick Marshall has left Smith & Williamson Investment Management after the firm overhauled its portfolio strategy recently.