News

Old Mutual Global Investors' Richard Buxton has backed Neil Woodford's criticisms of the government's renewable energy tax U-turn, warning it could render the utilities sector "uninvestable".

Fidelity's Alex Wright is backing Barclays to begin its turnaround in earnest following last week's dismissal of chief executive Antony Jenkins.

Prudential Portfolio Management Group has added two new recruits to its senior management team as it strengthens its offering following the departure of Matthew Williams earlier this year.

Thomas Miller Investment has launched a Diversified Assets fund in a bid to offer uncorrelated returns to investors.

Aberdeen's head of global emerging market equities Devan Kaloo has admitted the significant underweight to Chinese equities - as well as an overweight to India - has hurt his flagship GEM fund so far in 2015.

Dexion Capital has been acquired by Australian boutique fund manager Fidante Partners for £19.6m.

Neil Woodford has criticised Chancellor George Osborne's cut to tax breaks for renewable energy after shares in his holding of Drax fell by over a quarter.

Schroders has appointed private equity specialist Rhian Davies to the board as an independent non-executive director.

Gregg McClymont, Labour's former pensions spokesman, has joined Aberdeen Asset Management as head of retirement savings.

Inflation falling back to zero should lead to a further boost in consumer spending throughout the rest of the year, according to industry commentators.