News

Natixis Global Asset Management has expanded its London-based portfolio research and consulting group.

John Kennedy has stepped down from managing the £821m Scottish investment trust after ten years at the helm.

The financial services industry faces a new levy as part of plans to provide savers with free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) upon retirement, the government has said.

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Tesco chief executive Philip Clarke has made a shock departure from the struggling retailer after it issued another profit warning.

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May, as it refocuses its business and withdraws from third party administration.

Dividend growth fell to its lowest level in over three years in Q2 as large caps struggled to maintain dividends in the face of strong sterling and a slowing global economy.

Harry Nimmo's Standard Life Investments UK Smaller Companies fund has made its first appearance on Bestinvest's 'dog list' of underperforming funds.

Outflows from the Invesco Perpetual Income and High Income funds since news of Neil Woodford's departure have reached 30% of assets - but the launch of his rival fund was seemingly not the major blow some expected.