News

US GDP growth has risen more than expected in Q2, according to initial estimates, with the contraction in the first quarter less bad than had been feared.

Poorly-performing senior bank employees face bonuses being clawed back up to seven years after they were awarded, under plans unveiled by the Bank of England today.

Towers Watson, one of the UK's largest pension fund investment consultancies, has issued a stark warning to clients urging them to consider reducing their exposure to corporate debt.

Gemma Game, manager of the £380m AXA Framlington Health fund, has resigned from the group, Investment Week can reveal.

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

The first significant lawsuit from the Keydata scandal has been issued against US-based brokerage CRT Capital, according to the Financial Times.

Jupiter has reported an 18% fall in its profits in the first half of 2014, with the sale of its private client business increasing costs but also boosting dividend prospects.

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

Standard Life Investments has recruited a manager from SWIP to run its European Smaller Companies fund, raising questions over whether Ignis' Ian Ormiston will make the move to SLI.

Bond fund investors should beware a crowded market where there is a growing risk of being caught out by a sharp sell-off in fixed income, analysts at RBS have warned.