News

Neil Woodford has added a new position in Royal Mail to his £2.4bn Woodford Equity Income fund as the company's share price began to falter this year.

The Financial Conduct Authority (FCA) is to restrict firms from selling contingent convertible securities (CoCos) to retail investors as of 1 October in the first use of its new consumer protection powers.

Equity Income fund managers are yet to warm to the tobacco sector, despite a strong 2014 for stocks driven by M&A and their defensive qualities.

Standard Life Investments' inflows fell 43% in the first half of this year, but profits still rose 9%.

PIMCO's giant Total Return Bond fund - headed up by Bill Gross - suffered outflows in July, clocking up its fifteenth straight month of withdrawals, according to new data.

Skipton Building Society is to sell its advice arm Torquil Clark to national wealth manager Bellpenny for an undisclosed sum.

Invesco Perpetual has hired Danielle Singer from UBS to become the eighth member of its multi-asset team.

Liontrust chief executive John Ions has sold shares in the company for a total consideration of £486,750, according to regulatory filings.

Legg Mason's CEO tells Investment Week about his ambitious plans for Martin Currie after finally securing a deal the US giant had been chasing "for years".

The threat of rising interest rates to investors' portfolios - in particular their fixed income positions - is becoming more apparent, but can more niche areas like senior secured loans protect them from losses?