News

Lloyds Banking Group has increased the amount of shares it is to sell as part of the TSB initial public offering following stronger than expected demand.

Chief executive of Barclays Wealth and Investment Management Peter Horrell is to leave the company at the end of the year.

Invesco Perpetual head of UK equities Mark Barnett is finalising new hires to his team as he seeks to strengthen its capabilities following recent departures to Woodford Investment Management.

Former Financial Services Authority director Sheila Nicoll has joined Schroders as head of public policy.

Adrian Lowcock has left Hargreaves Lansdown after just 18 months at the D2C platform giant.

Investors may see UK interest rates rise earlier than the 2015 date priced in by the markets, the Bank of England governor Mark Carney and the MPC have warned, but some economies have to cope with much higher rates.

Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.

European markets climbed this morning following the release of a dovish statement from the Federal Reserve about the growth outlook for the world's largest economy.

Liontrust has seen a rise in assets under management and a jump in pre-tax profits, after its acquisition of multi-asset business North Investment Partners last October.

D2C platform Charles Stanley Direct has launched a new loyalty programme for clients with a series of additional fee cuts, alongside a customer charter which promises users a "fairer deal".