News

US hedge fund billionaire Marc Lasry is planning to launch a distressed debt-focused investment trust for the UK market in September, Investment Week understands.

Monetary Policy Committee member David Miles has outlined his desire for a rate rise before his exit in May 2015.

River and Mercantile Group, the asset management and consultancy business which formed in February, is to list today at a price which values the business at £150m.

F&C Investments has hired RWC's John Bennett as head of wholesale institutions as part of a move to rebuild its distribution team.

Hargreave Hale is seeking to raise £20m for its VCT range from new and existing investors.

Guinness Asset Management has launched the Guinness AIM EIS 2014, which is targeting capital growth and aims at investing in AIM-listed companies which qualify for EIS reliefs.

UK pharmaceutical group Shire saw shares jump 10% by mid-morning, after it revealed it rejected a £27bn bid approach from a US group.

National wealth manager Towry has announced a management shake-up following its acquisition of Baker Tilly Financial Management, which will see the latter's chief executive John White exit.

Firms providing comparison websites for annuities should include details of the types of guarantees available and identify providers if they operate a restricted panel, the Financial Conduct Authority (FCA) has said in updated guidance.

AXA Wealth's Corporate Investment Services business is increasing the investment universe for employee benefits consultants by adding exchange traded funds (ETFs) to its bespoke Investment Only offering.