News

Chancellor George Osborne is set to rule out a sale of Lloyds Banking Group shares to retail investors before next year's general election, according to reports.

UK unemployment dropped to a near six-year low but sterling has fallen against the dollar after the Bank of England cut wage forecasts, suggesting rates will remain on hold for the foreseeable future.

Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice low-value clients.

BlackRock has scrapped the 1% initial charge for intermediaries investing in Alister Hibbert's European Dynamic fund after assets under management fell to a more manageable level.

Former Martin Currie manager Scott McKenzie has joined Saracen Fund Managers, after taking a five-year break from the industry.

Schroders is launching an onshore version of its ISF QEP Global Emerging Markets fund, to be managed by the QEP investment team headed by Justin Abercrombie (pictured).

Funds with a top-down macro approach have struggled to beat bottom-up stockpickers this year, with many dropping into the fourth quartile of their respective sectors.

Japan's GDP shrunk by 6.8% on an annualised basis in the second quarter following a hike in the country's sales tax.

Legal & General (L&G), the country's biggest pension fund manager, is set to end its membership of the Association of British Insurers (ABI), according to reports.

Fund groups are to review their current policies regarding social media after the Financial Conduct Authority published guidelines on what groups can put on websites such as Twitter.