News

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.

Barclays has hired former Citigroup banker Akshaya Bhargava to head up its recently restructured wealth management business, following the exit of Peter Horrell in June.

Seneca Investment Management has suggested investors move out of fixed income in order to avoid getting caught out by a painful correction.

The net asset value of the Fidelity China Special Situations trust rose by 7% on Friday following Chinese e-commerce site Alibaba's record $25bn IPO.

A Corporate Chartered financial planning business has been told to compensate a client who was recommended to invest £50,000 in a bond based on senior US life settlement policies, following a final ruling by the Financial Ombudsman Service (FOS).