News

Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.

UK growth in the first quarter of 2015 stood at 0.4%, according to the third and final estimate from the Office for National Statistics.

Sir Hector Sants, former head of the Financial Services Authority (FSA), has been appointed new chairman of Julius Baer.

The FTSE 100 has opened lower once again after US markets suffered their worst one day drop so far this year on continued concerns over a Greek default.

Wealth managers are being trapped in the tricky position of responding to nervous clients' demands to hike cash weightings in portfolios, while at the same time trying to meet their growing income requirements.

First State Stewart expects to rebrand its funds this September following its decision to split its business in two on 1 July.

Schroders has strengthened its multi-asset team with the hire of Ashley Lester from MSCI as global head of research.

Jupiter is to merge its Jupiter Undervalued Assets fund into the Jupiter UK Growth fund from 3 July.

Four new unknowns after Greece’s dramatic weekend

Legg Mason has integrated eight Martin Currie equity funds into its ICVC fund range, in a move that brings all its subsidiaries under one umbrella in the UK.