News

The US regulator is investigating how bond giant PIMCO prices its exchange-traded funds after it became concerned the group may have artificially inflated returns on one of Bill Gross' ETFs.

Old Mutual Global Investors' Ashton Bradbury is to retire from the group at the end of the year.

Old Mutual is launching an initial public offering for its US subsidiary Old Mutual Asset Management.

UK public borrowing rose more than expected in August, figures released by the government today have revealed.

Wealth manager Turcan Connell is planning to launch its own real estate investment trust (REIT) in a bid to offer clients a solution to persistently low interest rates on cash holdings.

Shares in UK-listed pharmaceutical giants Shire and AstraZeneca have fallen sharply this morning, after the US Treasury introduced a new law to curb tax avoidance by US companies which buy overseas rivals.

UK sugar manufacturer Tate & Lyle saw its shares fall by nearly 20% at one stage this morning after it warned profits will sharply undershoot estimates.

The S&P 500 index fell on Monday, after the latest US housing data came in weaker than expected, fuelling concerns over the strength of the economic recovery.

Tesco has announced its new finance director is to start the job immediately, bringing forward the appointment by two months after it yesterday revealed it had overstated half-year profits by £250m.

Barclays has been hit with a £38m fine for failing to adequately protect clients' funds, the Financial Conduct Authority has confirmed.