News

Neil Woodford's Patient Capital trust has raised £800m during its offer period, a record for a London-listed investment trust.

The FTSE 100 index moved back above 7,000 this morning after the Chinese central bank announced stimulus measures to prop up its economy.

Old Mutual Global Investors' fixed income director Stewart Cowley is to leave the group in June.

Wealth management group Towry saw profit more than halve in 2014 as a result of costs relating to acquisitions and "various issues" following discussions with the regulator.

FE Trustnet is to launch a ratings system of passive funds for retail investors, ranking ETFs and index trackers alongside each other for the first time.

Ros Altmann is to be nominated as a Conservative peer and will be made a minister with responsibility for consumer protection if the party wins next month's general election.

David Cameron plans to offer up to £4bn worth of Lloyds shares to retail investors if the Conservatives win the general election.

The UK economy is set to grow 2.8% this year, helped by CPI at zero and a lower oil price, according to the EY Item Club.

Headline dividends more than halved in the first quarter of 2015, according to Capita, although it has revised up its annual forecast.

The start of 2015 has proved to be a busy few months for the wealth management space as firms make acquisitions, hires and expansion plans. Investment Week rounds up the stories you may have missed.