News

Asian markets were mixed overnight ahead of a busy week data-wise, with the impact of Japan's sales tax introduced earlier this year keeping a lid on gains.

Henderson global Investors has agreed a deal to buy US fund manager Geneva Capital Management in a deal worth up to $200m (£117m).

Liberty Living, a subsidiary of troubled student property fund Brandeaux, has pulled a planned £400m IPO less than a month after announcing it.

Threadneedle's European equity manager Nick Davis is leaving the firm, handing his funds to Paul Doyle and Dan Ison.

BlackRock is planning to hard-close the £1.2bn BSF European Credit Strategies fund, managed by Michael Phelps to new money.

Mark Barnett's Invesco Perpetual Income and UK Strategic Income funds are to exit the IMA UK Equity Income sector in the next few days.

Bank of England Governor Mark Carney has said the 'new normal' for interest rates in the UK will be around 2.5%, a level he predicted they may reach by 2017.

SW Mitchell Capital's Stuart Mitchell, manager of the SWMC European fund, highlights three investment themes he noted following meetings with management teams at European companies.

Advisory firms have successfully adapted to the Retail Distribution Review (RDR) but the cost of regulation remains a massive barrier to development, the Association of Professional Financial Advisers (APFA) has said.

UK shares held on to modest gains this morning after the final reading for UK GDP growth in the first quarter was held at 0.8%.